Chubb 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; Chubb underwrites Cyber ERM itself for organizations of any size.
Mylo says cyber can often be added to a Business Owner's Policy depending on the carrier, next to general liability and property. Chubb underwrites Cyber ERM as its own product and lets agents quote it through Cyber Central for risks under $100 million in revenue. 3,1
What Are the Key Differences Between Chubb and Mylo Cyber Insurance?
A BOP Add-On Versus Standalone Cyber ERM
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. Chubb underwrites Cyber ERM as its own product for organizations of any size that handle sensitive data or run a network, quoted through Cyber Central rather than as a BOP endorsement. Choose Mylo if you want cyber sitting on a BOP after comparing carriers; choose Chubb if you want standalone Cyber ERM from the underwriter. 3 2 1
Threat List Versus Named Endorsements
Mylo names hacking and social-engineering attacks, employee data errors and malware or ransomware as the threats coverage addresses. Chubb offers a Widespread Event Endorsement, a Ransomware Encounter Endorsement and a 45-day neglected-software patch endorsement. 3 1
Unnamed Mylo Issuer Versus Unspecified Chubb Entity
Mylo's cyber page does not name the issuing insurer. Chubb's reviewed pages describe Chubb as the carrier without naming the specific group entity, so both quotes still need the paper confirmed. 3 2
What Should You Confirm in Chubb and Mylo Cyber Insurance Quotes?
Chubb vs Mylo Cyber Insurance Compared
Chubb vs Mylo: Cyber Insurance: documented features by provider
| Criteria | Chubb Cyber Insurance (Cyber Enterprise Risk Management) | Mylo Cyber 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. | 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. 3Company-reported. Cyber insurance product page; a company-reported statistic, not independently verified. |
| 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. | 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. 3Company-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. 3Company-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. 3Company-reported. Cyber insurance product page "Add cyber to your Business Owner's Policy (BOP)" section. |
| 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. | Mylo brokers cyber insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 3Company-reported. Cyber insurance product page. |
