CFC vs 
Mylo: How Do They Compare for Umbrella and Excess Liability Insurance?
Mylo brokers umbrella over GL, auto or workers' compensation by comparing carrier quotes, with most policies at $1 million to $15 million. CFC sells excess over professional liability and cyber as well as GL, to small and micro businesses.
Mylo shops several insurers for umbrella over general liability, commercial auto and workers’ compensation, typically adding $1 million to $15 million. CFC sells its own excess over professional liability, general liability or cyber, so it can raise limits Mylo’s umbrella doesn’t list. 1,3
What Are the Key Differences Between CFC and Mylo Umbrella and Excess Liability Insurance?
Which Risk You’re Stacking Limits On
A delivery company worried about a truck crash wants more limit over auto and workers’ compensation, which is Mylo’s territory. A software consultancy worried about a client lawsuit or a breach wants more over professional liability or cyber, which is CFC’s. CFC will write the excess even if another insurer holds your primary policy, and it focuses on small and micro businesses. Choose Mylo if your big exposure is vehicles, injuries or premises; choose CFC if it’s professional mistakes or cyber. 3 1
Shopping Several Insurers Versus One Specialist
Mylo’s licensed agent reviews your business and compares quotes from top-rated insurers, so you see competing prices. CFC sells its own product and asks you to contact it directly. Mylo also flags two common reasons to buy: a primary policy that limits overseas protection, and a contract that requires an umbrella. It notes you can’t buy umbrella without an underlying policy. 3 1
What Should You Confirm in CFC and Mylo Umbrella and Excess Liability Insurance Quotes?
- Ask Mylo what limit you’re getting within its $1–15 million range and which policies it follows. 3
- Ask CFC whether professional liability, cyber and general liability can share one excess limit. 1
- If you work overseas, ask CFC what territory its excess covers. 1
- Ask both which insurer issues the policy. 3 2
CFC vs Mylo Umbrella and Excess Liability Insurance Compared
CFC vs Mylo: Umbrella and Excess Liability Insurance: documented features by provider
| Criteria | CFC Umbrella Cover | Mylo Commercial Umbrella Insurance |
|---|---|---|
| Who It’s For | CFC targets this excess cover at small and micro businesses and says it will consider a wide range of professions. 1Company-reported. Umbrella cover product page; specific eligibility for a given business depends on underwriting. | Mylo says umbrella coverage may also be needed for businesses operating internationally whose primary policy limits overseas protection, or that have signed a contract with a customer, partner or vendor requiring umbrella coverage. 3Company-reported. Commercial umbrella product page FAQ. |
| How to Apply | The umbrella cover page directs interested businesses to contact CFC directly rather than describing an online quote or indication tool. 1Company-reported. Umbrella cover product page call to action. | Mylo says a licensed agent reviews the specific business to give a personalized recommendation on whether umbrella coverage makes sense, and compares quotes from top-rated carriers. 3Company-reported. Commercial umbrella product page "How will Mylo find me the right policy?" section. |
| Coverage Features | CFC says it will provide this excess layer regardless of whether the underlying primary policy is placed with CFC or with another insurer. 1Company-reported. Umbrella cover product page. | Mylo describes commercial umbrella as extra liability protection that takes over once a business exhausts the limits of its general liability, commercial auto or workers' compensation policies, and says it cannot be purchased or used on its own without an underlying policy in place. 3Company-reported. Commercial umbrella product page; the issued policy and its exclusions control. |
| Role in This Line | CFC sells an umbrella (excess) policy that sits above a business's primary professional liability, general liability, or cyber policy, or any combination of the three, in a single excess policy. 1Company-reported. Umbrella cover product page description of what the policy tops up. | Mylo brokers commercial umbrella insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 3Company-reported. Commercial umbrella product page. |
