Chubb vs 
Hiscox: How Do They Compare for Cyber Insurance?
Both sell their own cyber: Hiscox quotes directly online for small businesses and IT consultants, while Chubb offers Cyber ERM for any size through agents, Cyber Central and Marketplace.
Hiscox lets eligible small businesses start a standalone cyber quote online. Chubb underwrites Cyber ERM through agents, quoting Cyber Central under $100 million in revenue and custom programs above $1 billion. 3,1
What Are the Key Differences Between Chubb and Hiscox Cyber Insurance?
Named Online Small-Business Quote Versus Agent-Quoted Cyber ERM
Hiscox Inc. sells cyber directly online as a standalone product for small businesses, separate from its BOP cyber add-on, and names Hiscox Insurance Company Inc. as the underwriter of admitted Hiscox NOW cyber policies. Chubb underwrites Cyber ERM through agents and brokers on Cyber Central or Marketplace for risks under $100 million, and custom programs for organizations over $1 billion, without a consumer online checkout. Choose Hiscox if you want to start online and see a named admitted underwriter; choose Chubb if you need agent-quoted Cyber ERM or a large-account tower. 3 6 5 1
IT Consultant Focus Versus All Risk Sizes
Hiscox markets cyber to small businesses broadly and specifically to IT and technology consultants. Chubb says there are no minimum premiums and premiums scale for all risk sizes, including multinational programs in more than 35 countries. 4 3 1
Illustrative Breach Example Versus Named Endorsements
Hiscox describes cyber as responding to data breaches, with an illustrative breach-response example on its IT page, and does not describe ongoing monitoring services. Chubb offers named endorsements for widespread events, ransomware encounters and a 45-day neglected-software patch window, plus a 24/7 hotline and Cyber Alert app. 4 1 2
What Should You Confirm in Chubb and Hiscox Cyber Insurance Quotes?
- Ask Hiscox whether the quote is the standalone product or the BOP cyber add-on. 3
- Ask Hiscox for limits; the cyber page does not publish standard amounts. 3
- Ask Chubb which group entity issues the policy. 2
- If you need a tower above $1 billion, Chubb's custom-program path is the one its pages describe. 1
Chubb vs Hiscox Cyber Insurance Compared
Chubb vs Hiscox: Cyber Insurance: documented features by provider
| Criteria | Chubb Cyber Insurance (Cyber Enterprise Risk Management) | Hiscox Cyber Security Insurance |
|---|---|---|
| Who It’s For | Chubb says there are no minimum premiums and premiums scale for all risk sizes, offers Cyber Central and Marketplace quoting for risks under $100 million in revenue, and a customizable large-account cyber risk management solution for organizations over $1 billion in revenue. 1Company-reported. Cyber Insurance Coverage & Products page eligibility and quoting description. | 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. 3,4Company-reported. Company-stated audience across the standalone cyber page and the IT-insurance page. |
| How to Apply | Agents and brokers can quote cyber alone through Cyber Central or bundled with other lines through Chubb Marketplace; multinational programs can be serviced locally in more than 35 countries. 1Company-reported. Cyber Insurance Coverage & Products page quoting section. | Hiscox says eligible buyers can get a cyber insurance quote online, with a licensed-agent phone line available for questions during the process. 3Company-reported. Company-described online application; eligibility and binding conditions require confirmation on the actual application. |
| Coverage Features | Chubb lists first-party cyber incident response fund, business interruption (with contingent business interruption for outsourced technology providers), digital data recovery, and network extortion; third-party cyber/privacy/network security liability, payment card loss, regulatory proceedings and media liability; and cyber crime coverages (computer fraud, funds transfer fraud, social engineering fraud) available by endorsement. 1Company-reported. Cyber insurance coverage list on the products page; subject to exclusions and the policy as issued. Chubb offers a Widespread Event Endorsement with separate limits and retentions for systemic cyber events, a Ransomware Encounter Endorsement that lets buyers tailor limits and retentions for ransomware losses, and a Neglected Software Exploit Endorsement that gives a 45-day grace period to patch published vulnerabilities before risk-sharing shifts toward the policyholder. 1Company-reported. Innovative coverage concepts section; endorsement availability depends on underwriting. | 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. 3,4Company-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. |
| Role in This Line | Chubb underwrites Cyber Enterprise Risk Management (Cyber ERM) directly. It covers cyber, privacy and media exposures for organizations of any size that handle sensitive data or run a network or website. 1Company-reported. Cyber Insurance Coverage & Products page, Cyber Enterprise Risk Management section. | 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. 3Company-reported. Company-stated standalone small-business cyber product; the BOP cyber add-on is a distinct package option described on a different page. |
