Heffernan Insurance Brokers vs Mylo: How Do They Compare for Cyber Insurance?

Both are brokers: Mylo compares carriers and says cyber can often join a business owner's policy, while Heffernan Insurance Brokers starts with an exposure assessment by a cyber risk team.

Mylo brokers cyber by comparing quotes from multiple carriers and says the coverage can often be added to a Business Owner's Policy. Heffernan's cyber risk team assesses exposure, shops the market and presents options, without describing a BOP add-on path. ^2,¹

What Are the Key Differences Between Heffernan Insurance Brokers and Mylo Cyber Insurance?

Add Cyber to a BOP or Shop a Standalone

Mylo says cyber can often be added to a Business Owner's Policy depending on the carrier, alongside general liability, commercial property and business interruption. Heffernan's cyber risk team shops the market and presents options rather than describing a BOP add-on. Choose Mylo if you want cyber compared across carriers and possibly added to a BOP; choose Heffernan if you want a dedicated cyber team to place coverage after an exposure review. ² ¹

What Costs Each Page Highlights

Mylo lists non-legal costs such as investigation, notification, crisis PR, lost income, ransom reimbursement and data restoration, plus legal and regulatory costs including HIPAA-related fines and lawsuits by affected people. Heffernan describes data recovery, legal fees, notification expenses, business interruption and access to forensics and PR advisors. ² ¹

Who They Say Should Buy

Mylo markets cyber to businesses that take credit cards or store customer information. Heffernan says cyber is for any business handling sensitive customer information or storing data electronically, including healthcare, finance, retail and technology. ² ¹

What Should You Confirm in Heffernan Insurance Brokers and Mylo Cyber Insurance Quotes?

Ask both which insurer would issue the policy; neither names one. ² ¹
Ask Mylo whether your risk can actually sit on a BOP or needs a standalone form. ²
Ask Heffernan whether incident-response experts are included before a claim or only after. ¹
Get ransom-reimbursement terms from Mylo in writing, including any conditions. ²

Heffernan Insurance Brokers vs Mylo Cyber Insurance Compared

Heffernan Insurance Brokers vs Mylo: Cyber Insurance: documented features by provider

Criteria	Heffernan Cyber Security Insurance Brokerage	Mylo Cyber Insurance
Who It’s For	Heffernan says cyber insurance is for any business handling sensitive customer information, relying on digital operations or storing data electronically, and names healthcare, finance, retail and technology among the industries it serves, alongside small businesses and large corporations. ¹Company-reported. Cyber Security Insurance page's FAQ answer on who needs cyber insurance; this is general educational content on Heffernan's own page rather than a stated underwriting appetite.	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	Heffernan describes cyber policies it arranges as covering costs from a cyber incident, such as data recovery, legal fees, notification expenses and business interruption, and says a policy can also provide access to incident-response experts, including IT forensics specialists and public relations advisors. ¹Company-reported. Cyber Security Insurance page's coverage description and FAQ; specific insuring agreements, sublimits and exclusions depend on the policy form selected.	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	Heffernan says it maintains a cyber risk team with expertise in determining a client's cyber exposure, shopping the market, presenting options and guiding the selection of coverage. It arranges the policy with insurance carriers rather than underwriting cyber coverage itself. ¹Company-reported. Cyber Security Insurance page's description of the cyber risk team.	Mylo brokers cyber insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. ²Company-reported. Cyber insurance product page.

Criteria

Heffernan Cyber Security Insurance Brokerage

Mylo Cyber Insurance

Who It’s For

Heffernan says cyber insurance is for any business handling sensitive customer information, relying on digital operations or storing data electronically, and names healthcare, finance, retail and technology among the industries it serves, alongside small businesses and large corporations. ¹Company-reported. Cyber Security Insurance page's FAQ answer on who needs cyber insurance; this is general educational content on Heffernan's own page rather than a stated underwriting appetite.

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

Heffernan describes cyber policies it arranges as covering costs from a cyber incident, such as data recovery, legal fees, notification expenses and business interruption, and says a policy can also provide access to incident-response experts, including IT forensics specialists and public relations advisors. ¹Company-reported. Cyber Security Insurance page's coverage description and FAQ; specific insuring agreements, sublimits and exclusions depend on the policy form selected.

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

Heffernan says it maintains a cyber risk team with expertise in determining a client's cyber exposure, shopping the market, presenting options and guiding the selection of coverage. It arranges the policy with insurance carriers rather than underwriting cyber coverage itself. ¹Company-reported. Cyber Security Insurance page's description of the cyber risk team.

Mylo brokers cyber insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. ²Company-reported. Cyber insurance product page.