Embroker 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; Embroker sells its own standalone policy with an online quote in under 10 minutes.
Embroker sells standalone cyber and says you can request a quote in under 10 minutes. Mylo compares quotes from multiple carriers and says cyber can often be added to a Business Owner's Policy. 1,2
What Are the Key Differences Between Embroker and Mylo Cyber Insurance?
A Standalone Timed Quote Versus Carrier Comparison, Maybe on a BOP
Embroker sells a standalone cyber liability policy and says you can request a quote in under 10 minutes. Mylo brokers cyber by comparing quotes from multiple carriers and says the coverage can often be added to a Business Owner's Policy depending on the carrier, alongside general liability, property and business interruption. A BOP add-on can be simpler if you already buy a package through Mylo. It can also hide cyber sublimits you would see on a standalone Embroker form. Choose Embroker if you want a standalone cyber quote started online in minutes; choose Mylo if you want competing carrier quotes and, where the carrier allows it, cyber attached to a BOP. 1 2
Threat Lists Versus Breach-Response Line Items
Mylo names hacking, spear phishing, employee or partner data errors, and malware or ransomware, plus non-legal costs such as investigation, notification, ransom reimbursement and data restoration. Embroker lists network security, privacy, data loss, business interruption, computer fraud, social engineering and extortion, and separately itemizes notification, credit monitoring, forensics and PR. 2 1
Who Each Page Says Needs It
Embroker names startups, tech, finance, professional services, healthcare and law. Mylo markets to businesses that take credit cards or store customer information, citing its figure that more than two-thirds of small businesses have experienced a cyberattack. Neither page names the issuing insurer. 1 2
What Should You Confirm in Embroker and Mylo Cyber Insurance Quotes?
Embroker vs Mylo Cyber Insurance Compared
Embroker vs Mylo: Cyber Insurance: documented features by provider
| Criteria | Embroker Cyber Insurance | Mylo Cyber Insurance |
|---|---|---|
| Who It’s For | Embroker markets cyber coverage to startups and tech companies, financial institutions, professional services firms, small and medium-sized businesses, healthcare providers and law firms, citing data-handling and digital-system exposure as the common thread. 1Company-reported. Product-page 'Who is cyber insurance coverage for?' section; not a guarantee of eligibility for a particular business. | 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. 2Company-reported. Cyber insurance product page; a company-reported statistic, not independently verified. |
| Coverage Features | Embroker lists network security liability, privacy liability, data loss and recovery, business interruption, computer fraud and social-engineering losses, and cyber extortion including ransom payments among what the policy addresses. 1Company-reported. Product-page 'What does cyber insurance cover?' section; the issued policy and declarations control. Embroker says a breach response can include notification costs, credit monitoring for affected individuals, civil damages, computer forensics investigation, and coverage for reputational-damage costs such as PR management. 1Company-reported. Product-page breach-response cost list. Embroker warns that errors and omissions insurance is not cyber insurance and cannot substitute for it, even if the E&O policy has a technology error rider. 1Company-reported. Product-page 'Important Note'; distinguishes cyber from Embroker's separate tech E&O/cyber bundled product. Embroker separates first-party coverage (the policyholder's own incident-response, data-recovery and business-interruption costs) from third-party coverage (legal defense, settlements, regulatory fines and damages to affected parties). 1Company-reported. Product-page 'First-party coverage vs. third-party coverage' section. | 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. 2Company-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. 2Company-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. 2Company-reported. Cyber insurance product page "Add cyber to your Business Owner's Policy (BOP)" section. |
| Role in This Line | Embroker sells a standalone cyber liability policy and separately notes lawyers professional liability buyers should also review its cyber page, describing cyber as covering both first-party and third-party losses. 1Company-reported. Product-page description; not a statement about the issuing insurer for this line. | Mylo brokers cyber insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 2Company-reported. Cyber insurance product page. |
