Berkshire Hathaway Specialty Insurance vs Hiscox: How Do They Compare for Cyber Insurance?

BHSI describes both a stand-alone Network Security & Privacy policy and blended E&O/Cyber forms in Professional First. ^5,6Company-reported. Form selection depends on the risk and proposal; the overview does not establish issuance for an individual applicant.

Hiscox Inc. sells cyber insurance directly online as a standalone product for small businesses, separate from its business owner's policy, which also offers an optional cyber add-on. ¹⁰Company-reported. Company-stated standalone small-business cyber product; the BOP cyber add-on is a distinct package option described on a different page.

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Hiscox's appetite guide and About Hiscox US page name Hiscox Insurance Company Inc. (NAIC 10200) as the underwriter of admitted Hiscox NOW cyber policies. ^12,9Company-reported. Admitted small-business cyber coverage as described in company materials; the exact contracting entity for a particular state or channel should be confirmed on the quote.

The Network Security & Privacy page names professional-services firms among its targets; the overview separately lists technology, telecom and financial-sector customers in targeted or selective categories. ^5,6Company-reported. The overview’s class lists have different appetite labels; neither is a blanket eligibility rule.

Hiscox markets cyber insurance to small businesses broadly and specifically to IT and technology consultants, describing itself as customizing coverage for the technology sector's data-handling and security exposures. ^10,11Company-reported. Company-stated audience across the standalone cyber page and the IT-insurance page.

BHSI markets third-party breach exposures, direct breach-response and extortion expenses, and business interruption from a network-security failure. ⁵Company-reported. The product page is a coverage summary; conditions, sublimits and exclusions require the policy and endorsements.

Hiscox describes cyber coverage as responding to data breaches, cyberattacks and related losses, and its IT-insurance page shows an illustrative breach-response example describing notification and related costs after a data incident. ^10,11Company-reported. Product-page description; the illustrative example is explicitly a hypothetical scenario, not a specific limit or claim outcome, and actual coverage terms are set by the issued policy.

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The cyber product page does not publish standard limit, retention or deductible amounts; figures shown elsewhere on the site are illustrative examples rather than quotes. ¹⁰Not publicly disclosed. Public product page as previously reviewed.

BHSI lists eRiskHub as a resource with its Network Security & Privacy product. ⁵Company-reported. The product-page listing does not define the resource’s service scope or confirm availability on an individual policy.

The reviewed cyber product page does not describe ongoing security-monitoring or risk-prevention services made available to policyholders; it describes post-incident breach-response coverage rather than a monitoring service. ¹⁰Not found in reviewed sources. Standalone cyber product page as previously reviewed.

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Hiscox says eligible buyers can get a cyber insurance quote online, with a licensed-agent phone line available for questions during the process. ¹⁰Company-reported. Company-described online application; eligibility and binding conditions require confirmation on the actual application.