Hiscox vs 
Marsh: How Do They Compare for Professional Liability (E&O) Insurance?
Marsh serves banks, asset managers, architects and venture firms, with attorneys, economists and actuaries alongside coverage specialists. Hiscox sells professional liability directly online to small businesses.
Marsh serves specialized sectors such as banking, asset management and biotech and says many E&O policies cover privacy breaches; Hiscox offers direct online coverage to small businesses outside Alaska. 5,3,1
What Are the Key Differences Between Hiscox and Marsh Professional Liability (E&O) Insurance?
Specialized Sectors and Cyber Exposure
Marsh lists banking, asset management, venture capital, technology, healthcare and biotechnology among its E&O sectors. It says many policies also cover privacy violations and computer-security breaches. 5 Hiscox targets small businesses seeking an online policy. 1
Choose Marsh if your firm is in a named specialty sector or needs E&O that may include privacy and computer-security coverage; choose Hiscox if you are a small business outside Alaska seeking a direct online quote. 5 1
Quote and Carrier
Hiscox names its insurer and sells the policy directly online. 4 Marsh places coverage through insurers that vary by client and placement. 5
What Should You Confirm in Hiscox and Marsh Professional Liability (E&O) Insurance Quotes?
Hiscox vs Marsh Professional Liability (E&O) Insurance Compared
Hiscox vs Marsh: Professional Liability (E&O) Insurance: documented features by provider
| Criteria | Hiscox Professional Liability Insurance | Marsh Professional Liability Insurance Brokerage |
|---|---|---|
| Who It’s For | Hiscox says professional liability is licensed for sale in 49 states and Washington, D.C., excluding Alaska, and that if it does not sell the product online in a buyer's state, a specialist broker may be able to help instead. 1,4Company-reported. Company-stated jurisdiction for the online small-business catalogue; the appetite guide's technology classes (IT consultants, software development) illustrate typical buyers but do not guarantee acceptance for any one applicant. | Marsh names specialized industries its professional liability experts serve, including banking and broker/dealers, insurance companies and asset managers, merchant banking and venture capital, accountants, attorneys, architects and engineers, media and entertainment, technology, and healthcare and biotechnology. 5Company-reported. Marsh professional liability page, What We Offer section. |
| Coverage Features | Hiscox describes professional liability as a claims-made policy, meaning a claim is covered only if it is made (and typically reported) while the policy is active, rather than an occurrence policy covering incidents regardless of when the claim surfaces. 2Company-reported. Product FAQ description; exact triggers, retroactive dates, exclusions and wording are set by the issued policy. | Marsh says professional liability coverage can protect a company against liability and defense costs from a claim alleging an error, omission or negligence in performing professional services, and that many policies also cover privacy violations and computer security breaches. 5Company-reported. Marsh professional liability page opening description; illustrative policy description, not a specific policy form. |
| Role in This Line | Hiscox Inc., a licensed insurance intermediary, sells professional liability (errors and omissions) coverage directly online to small businesses as part of its Hiscox NOW admitted small-business catalogue. 3,1Company-reported. Company-stated online small-business channel. | Marsh's financial and professional liability practice places professional liability (errors and omissions) insurance; MMA also places E&O coverage within its executive and professional liability practice for middle-market clients. 5,6Company-reported. Marsh professional liability page and MMA executive and professional liability page. |
