Berkshire Hathaway Specialty Insurance vs Risklytics: 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.

Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Cyber Liability Insurance with outside carriers; it says it does not underwrite policies itself. ⁷Company-reported. About page; describes Risklytics' brokerage model generally, restated for this line.

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Risklytics does not name the carrier that underwrites Risklytics Cyber Liability Insurance on its site. It says it places business with specialist insurers willing to write robotics, autonomy and AI risk; the issuing carrier appears on the bound policy. ^10,7Company-reported. Lines page and about page; no specific insurer is published for this line.

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.

Risklytics says companies typically need this coverage the first time they hold customer data in production, and that enterprise and government contracts require it once a vendor touches their data. ¹⁰Company-reported. Lines 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.

Risklytics describes Cyber Liability as paying for breach cleanup, legally required notifications, and the claims that follow a hack or data leak, such as a ransomware attack or exfiltrated customer records, and says it does not respond to a model giving bad output with no breach involved. ¹⁰Company-reported. Lines page; the issued policy and declarations control actual coverage.

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Risklytics lists a typical ask of $1 million or more in enterprise contracts for this line. ¹⁰Company-reported. Lines page; actual limits are set on the bound policy.

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.

Risklytics calls cyber the easiest line for its clients to get with reasonable security basics in place, and says whether a prompt-injection attack or a model leaking data is covered depends on policy wording it reads before binding. ¹⁰Company-reported. Lines page.

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You start Risklytics Cyber Liability Insurance through Risklytics' online application. Risklytics says there is no broker fee on top of the premium and a licensed producer stays on the file until the program binds; its commission is paid by the carrier out of the premium either way. ^11,7Company-reported. Pricing page describes the general application and fee process, not a line-specific form.