Heffernan Insurance Brokers vs Mylo: How Do They Compare for Business Owner’s Policy?

Heffernan Insurance Brokers arranges BOPs and builds custom packages for small companies; Mylo is a broker partnered with more than 40 A-rated carriers, shopping online or with a licensed advisor by phone.

Mylo shops a standard BOP, including business interruption, across more than 40 A-rated carriers, and you can start online. Heffernan suits small businesses in unusual industries: it will research niches it doesn't already list. ^2,^3,¹

What Are the Key Differences Between Heffernan Insurance Brokers and Mylo Business Owner’s Policy?

Mainstream Shopping or Niche Research

Mylo's panel includes Travelers, Liberty Mutual, The Hartford and Hiscox, so a typical shop, office or service business can compare several prices quickly. Heffernan works with companies that meet the SBA's small-business size standards across a list of named industries, and it offers custom research when yours isn't on the list. Choose Mylo if your business is conventional and you want competing quotes fast; choose Heffernan if your industry is unusual and mainstream carriers may turn you down. ³ ¹

What the Policy Includes

Mylo spells out three parts: general liability, commercial property, and business interruption that pays actual lost income during a covered shutdown. It says buying them together usually costs less than buying them separately. Heffernan describes its BOP only as combining major property and liability risks and doesn't mention interruption, so ask before you assume lost income is covered. ² ¹

How You Reach Them

You can start with Mylo online through its Mind of Mylo tool or by phone; its agents are licensed in all 50 states. Heffernan handles BOPs through its small-business division and describes no online shopping tool. ³ ¹

What Should You Confirm in Heffernan Insurance Brokers and Mylo Business Owner’s Policy Quotes?

Ask Mylo which carrier issues the BOP you're offered. ³
Ask Heffernan which insurer issues the policy and whether your industry needs custom research. ¹
Check that business interruption appears on both quotes. ² ¹
Get limits in writing from both; neither publishes them. ² ¹

Heffernan Insurance Brokers vs Mylo Business Owner’s Policy Compared

Heffernan Insurance Brokers vs Mylo: Business Owner’s Policy: documented features by provider

Criteria	Heffernan Business Owner's Policy (BOP)	Mylo Business Owner's Policy
Who It’s For	Heffernan's small-business insurance targets companies the U.S. Small Business Administration defines as having fewer than 500 employees or less than $7 million in annual receipts, ranging from sole proprietors working from home to fast-growing companies, across industries it lists including construction, food, health care, hospitality, real estate, technology and transportation. ¹Company-reported. Small Business Insurance page's eligibility and industry-list sections.	Mylo's business-insurance overview page lists a BOP among the coverages most owners start with, alongside commercial auto, workers' compensation and commercial umbrella, and says it gives each business a personalized coverage recommendation. ³Company-reported. Business-insurance overview page.
Coverage Features	Heffernan describes a business owner's policy as a package that combines protection for a company's major property and liability risks in one bundle, assembling the basic coverages a business owner needs. ¹Company-reported. Small Business Insurance page's coverage-type list. Specific insuring agreements and exclusions are not detailed there.	Mylo describes its BOP as bundling three coverages: general liability for third-party bodily injury, property damage and advertising-injury claims; commercial property for damage to a business's building and business personal property from causes such as fire, storm, theft or vandalism; and business interruption for lost income (actual loss sustained) during a covered shutdown. ²Company-reported. BOP product page coverage sections; the issued policy and its exclusions control. Mylo says packaging these three coverages in a BOP instead of buying them separately typically costs less and can provide better coverage than buying each individually. ²Company-reported. BOP product page FAQ; a general company statement, not a quoted savings figure for any specific business.
Role in This Line	Heffernan's small-business division arranges a business owner's policy (BOP) for small and growing companies as one of several coverages it places. Heffernan describes itself as the source businesses go to for insurance, not as the insurer. ¹Company-reported. Small Business Insurance page description of the division and its BOP offering.	Mylo brokers a business owner's policy by comparing quotes from multiple carriers rather than underwriting the policy itself. ^2,³Company-reported. BOP product page and the business-insurance overview page.

Criteria

Heffernan Business Owner's Policy (BOP)

Mylo Business Owner's Policy

Who It’s For

Heffernan's small-business insurance targets companies the U.S. Small Business Administration defines as having fewer than 500 employees or less than $7 million in annual receipts, ranging from sole proprietors working from home to fast-growing companies, across industries it lists including construction, food, health care, hospitality, real estate, technology and transportation. ¹Company-reported. Small Business Insurance page's eligibility and industry-list sections.

Mylo's business-insurance overview page lists a BOP among the coverages most owners start with, alongside commercial auto, workers' compensation and commercial umbrella, and says it gives each business a personalized coverage recommendation. ³Company-reported. Business-insurance overview page.

Coverage Features

Heffernan describes a business owner's policy as a package that combines protection for a company's major property and liability risks in one bundle, assembling the basic coverages a business owner needs. ¹Company-reported. Small Business Insurance page's coverage-type list. Specific insuring agreements and exclusions are not detailed there.

Mylo describes its BOP as bundling three coverages: general liability for third-party bodily injury, property damage and advertising-injury claims; commercial property for damage to a business's building and business personal property from causes such as fire, storm, theft or vandalism; and business interruption for lost income (actual loss sustained) during a covered shutdown. ²Company-reported. BOP product page coverage sections; the issued policy and its exclusions control.

Mylo says packaging these three coverages in a BOP instead of buying them separately typically costs less and can provide better coverage than buying each individually. ²Company-reported. BOP product page FAQ; a general company statement, not a quoted savings figure for any specific business.

Role in This Line

Heffernan's small-business division arranges a business owner's policy (BOP) for small and growing companies as one of several coverages it places. Heffernan describes itself as the source businesses go to for insurance, not as the insurer. ¹Company-reported. Small Business Insurance page description of the division and its BOP offering.

Mylo brokers a business owner's policy by comparing quotes from multiple carriers rather than underwriting the policy itself. ^2,³Company-reported. BOP product page and the business-insurance overview page.