CFC vs 
Mylo: How Do They Compare for Professional Liability (E&O) Insurance?
Mylo compares quotes from several business insurers to balance coverage against price. CFC offers E&O as a package policy, with limits to $10 million and optional general liability, property and cyber add-ons.
Financial-planning firms appear in Mylo’s E&O examples; CFC ordinarily declines financial advisors, so Mylo is the more relevant starting point for those firms. 4,2
What Are the Key Differences Between CFC and Mylo Professional Liability (E&O) Insurance?
Claims-Made or Occurrence Coverage
Mylo explains that E&O may be written on a claims-made or occurrence form, and that tail coverage can extend reporting after a claims-made policy ends. 4 CFC's reviewed brochure does not state which form its E&O uses. 2 The form affects when a claim must be reported; ask for the form and any tail cost before comparing premiums.
Who Handles a Claim
CFC routes professional-liability claims to a named Claims Manager on a dedicated professions unit. 3 Mylo lists claims phone numbers by carrier for general product categories but no E&O-specific contact. 5 Ask Mylo which insurer and claims contact would apply to your policy.
What Should You Confirm in CFC and Mylo Professional Liability (E&O) Insurance Quotes?
- If you are a financial planner, ask Mylo whether your specific advisory work and licenses fit; CFC lists financial advisors as ordinarily declined. 4 2
- Ask whether the policy is claims-made or occurrence and price any tail coverage. 4
- Request the insurer, E&O-specific claims contact, limits and retentions; neither reviewed page names the issuing insurer. 5 1
CFC vs Mylo Professional Liability (E&O) Insurance Compared
CFC vs Mylo: Professional Liability (E&O) Insurance: documented features by provider
| Criteria | CFC Professional Services | Mylo Professional Liability Insurance |
|---|---|---|
| Who It’s For | CFC says it favors business, educational, environmental, food, HR, market-research, quality-assurance, security and traffic consultants, event organisers, freight brokers, loss adjusters, private investigators and trade associations, and ordinarily declines debt collectors, financial advisors, health and safety consultants, insurance agents, lawyers, mortgage brokers, pre-purchase home inspectors, stockbrokers, tour operators and valuers. 2Company-reported. Brochure's "What we love" and "What we ordinarily decline" lists; actual acceptance depends on individual underwriting. | Mylo markets this line to businesses that could face a claim from a client unhappy with their professional services, using examples spanning app development, financial planning and beauty-salon services. 4Company-reported. Product page examples; a particular business's eligibility depends on underwriting. |
| How to Apply | CFC publishes a dedicated application form for this policy and also says its professional liability class can be traded directly through its Connect platform or through named API partners, in addition to the standard broker-submitted application. 1Company-reported. Professional liability product page's downloads and "Digitally traded" sections; not confirmed specifically for the professions/miscellaneous professional liability product versus the class as a whole. | Mylo says it recommends coverage customized to the business and compares professional liability quotes from top-rated business insurance companies to find a combination of coverage and price. 4Company-reported. Product page "How will Mylo find me the right policy?" section. |
| Coverage Features | CFC says the E&O cover includes breach of contract, bodily injury, property damage, vicarious liability of subcontractors, IP infringement, pollution liability, libel, slander, defamation, document loss and withheld fees, with worldwide legal cover. 2Company-reported. Brochure's "Comprehensive errors & omissions cover" and "Comprehensive legal cover" sections; exact wording and exclusions are set by the policy as issued. Businesses can add a separate commercial general liability limit, property, and cyber and privacy liability to the E&O policy, plus optional umbrella liability that sits over the E&O and CGL layers. 2Company-reported. Brochure's "Modular package policy" and "Umbrella liability" sections; availability depends on underwriting. | Mylo describes the policy responding to breach-of-contract claims, bodily injury or property damage claims, financial-loss claims, and consequential-damages claims arising from a client relationship. 4Company-reported. Product page coverage descriptions; actual insuring agreements and exclusions are set by the issued policy. Mylo explains that professional liability comes in claims-made and occurrence forms, and that tail coverage can be added to a claims-made policy to extend reporting after it ends. 4Company-reported. Product page FAQ; which form and tail terms are offered depends on the placed carrier. |
| Role in This Line | CFC sells professional errors & omissions as a modular package policy it calls "Professional services" (branded on the brochure as "Miscellaneous professional liability"), which pairs E&O with optional general liability, property and cyber add-ons rather than selling E&O alone. 1,2Company-reported. Professional liability product page's "Professional services" tile and the miscellaneous professional liability brochure. | Mylo brokers professional liability insurance by comparing quotes from multiple business insurance companies rather than underwriting the policy itself. 4Company-reported. Professional liability product page. |
