CFC vs 
Mylo: How Do They Compare for Cyber Insurance?
Mylo compares quotes from several carriers and notes cyber can join a business owner's policy; CFC sells its own policy with built-in monitoring and response.
Mylo says cyber can often be added to a Business Owner's Policy depending on the carrier, next to general liability and property. CFC sells Cyber Proactive Response as a standalone named product with in-house 24/7 incident response for revenues from $0 to $250 million. 6,1
What Are the Key Differences Between CFC and Mylo Cyber Insurance?
A BOP Add-On Versus a Standalone Proactive Response Product
Mylo brokers cyber by comparing carriers and says the coverage can often be added to a Business Owner's Policy depending on the carrier, alongside general liability, commercial property and business interruption. CFC sells Cyber Proactive Response as a standalone flagship product for $0 to $250 million in revenue, pairing it with built-in monitoring and CFC Response rather than adding it to a BOP. Choose Mylo if you want cyber sitting on a BOP after comparing carriers; choose CFC if you want that named standalone product with in-house response. 6 1
Threat List Versus Crime Cover and Reinstatements
Mylo names hacking and social-engineering attacks, employee data errors and malware or ransomware as the threats coverage addresses, and cites its own figure that more than two-thirds of small businesses have experienced a cyberattack. CFC publishes crime cover, a 12-month interruption indemnity period and unlimited claim reinstatements rather than that attack-rate figure. 6 1
Unnamed Mylo Issuer Versus Unnamed CFC Paper
Mylo's cyber page does not name the issuing insurer. CFC's application names CFC Underwriting Limited as administrator only, so both quotes still need the paper confirmed. 6 4
What Should You Confirm in CFC and Mylo Cyber Insurance Quotes?
CFC vs Mylo Cyber Insurance Compared
CFC vs Mylo: Cyber Insurance: documented features by provider
| Criteria | CFC Cyber Proactive Response | Mylo Cyber Insurance |
|---|---|---|
| Who It’s For | CFC segments cyber eligibility by revenue: Cyber Proactive Response and Cyber (admitted) are positioned for businesses with revenues from $0 to $250 million, while Corporate cyber is for businesses at $250 million and above. 1Company-reported. Cyber product page product summaries; actual eligibility for a given applicant depends on underwriting. | Mylo markets cyber insurance to businesses that take credit cards or store customer information, citing its own figure that more than two-thirds of small businesses have experienced a cyberattack. 6Company-reported. Cyber insurance product page; a company-reported statistic, not independently verified. |
| Coverage Features | Cyber Proactive Response includes crime cover, a 12-month indemnity period for business interruption, and data recreation cover, with unlimited claim reinstatements available at either no deductible or a single deductible at most. 1Company-reported. Cyber product page Key features list for Cyber Proactive Response. | Mylo says cyber coverage can pay non-legal costs (breach investigation, customer notification, crisis-management and PR help, lost income, ransom reimbursement, and data restoration) as well as legal and regulatory costs, including defense and fines from a regulator such as HIPAA or from lawsuits by people affected by a breach. 6Company-reported. Cyber insurance product page; the issued policy and its exclusions control. Mylo names hacking and social-engineering attacks (such as spear phishing), employee or partner data errors and misuse, and malware or ransomware as the cyber threats this coverage is designed to address. 6Company-reported. Cyber insurance product page. Mylo says cyber insurance can often be added to a Business Owner's Policy depending on the carrier, alongside general liability, commercial property and business interruption. 6Company-reported. Cyber insurance product page "Add cyber to your Business Owner's Policy (BOP)" section. |
| Role in This Line | CFC's flagship cyber product, Cyber Proactive Response, targets businesses with revenues from $0 to $250 million and pairs the policy with built-in security monitoring, incident response and claims handling rather than selling those as add-ons. 1Company-reported. Cyber insurance product page's Cyber Proactive Response summary; CFC separately sells Cyber (admitted), Corporate cyber for businesses at $250 million and up, and a Cyber excess policy. | Mylo brokers cyber insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 6Company-reported. Cyber insurance product page. |
