Hiscox vs 
Risklytics: How Do They Compare for Cyber Insurance?
Hiscox sells its own cyber directly online to small businesses; Risklytics places cyber for robotics and AI firms with no broker fee on top of premium.
Hiscox lets eligible small businesses quote standalone cyber online, with a licensed-agent phone line. Risklytics starts Cyber Liability through an online application, says there is no broker fee on top of premium, and reads whether prompt-injection or model leaks are covered before binding. 1,7,6
What Are the Key Differences Between Hiscox and Risklytics Cyber Insurance?
Two Online Paths, Different Fee and Wording Checks
Hiscox sells standalone cyber online as an insurer-branded small-business product. Risklytics is a licensed producer that places Cyber Liability with outside carriers, says there is no broker fee on top of premium, and keeps a licensed producer on the file until bind. Choose Hiscox if you want a named Hiscox policy you can quote yourself; choose Risklytics if you want an online broker placement with no extra broker fee and an AI-wording review before binding. 1 7 6
Prompt-Injection Wording Versus Breach Response
Risklytics describes Cyber Liability as paying for breach cleanup, legally required notifications and follow-on claims after a hack or data leak, and says it does not respond to a model giving bad output with no breach. It also says whether prompt-injection or a model leak is covered depends on wording it reads before binding. Hiscox describes data breaches, cyberattacks and related losses without that AI-wording check. 5 1
Typical Limit Ask Versus Unpublished Figures
Risklytics lists a typical enterprise-contract ask of $1 million or more for this line. Hiscox's product page does not publish standard limits, retentions or deductibles. 5 1
What Should You Confirm in Hiscox and Risklytics Cyber Insurance Quotes?
Hiscox vs Risklytics Cyber Insurance Compared
Hiscox vs Risklytics: Cyber Insurance: documented features by provider
| Criteria | Hiscox Cyber Security Insurance | Risklytics Cyber Liability Insurance |
|---|---|---|
| Who It’s For | Hiscox markets cyber insurance to small businesses broadly and specifically to IT and technology consultants, describing itself as customizing coverage for the technology sector's data-handling and security exposures. 1,2Company-reported. Company-stated audience across the standalone cyber page and the IT-insurance page. | Risklytics says companies typically need this coverage the first time they hold customer data in production, and that enterprise and government contracts require it once a vendor touches their data. 5Company-reported. Lines page. |
| How to Apply | Hiscox says eligible buyers can get a cyber insurance quote online, with a licensed-agent phone line available for questions during the process. 1Company-reported. Company-described online application; eligibility and binding conditions require confirmation on the actual application. | You start Risklytics Cyber Liability Insurance through Risklytics' online application. Risklytics says there is no broker fee on top of the premium and a licensed producer stays on the file until the program binds; its commission is paid by the carrier out of the premium either way. 7,6Company-reported. Pricing page describes the general application and fee process, not a line-specific form. |
| Coverage Features | Hiscox describes cyber coverage as responding to data breaches, cyberattacks and related losses, and its IT-insurance page shows an illustrative breach-response example describing notification and related costs after a data incident. 1,2Company-reported. Product-page description; the illustrative example is explicitly a hypothetical scenario, not a specific limit or claim outcome, and actual coverage terms are set by the issued policy. | Risklytics describes Cyber Liability as paying for breach cleanup, legally required notifications, and the claims that follow a hack or data leak, such as a ransomware attack or exfiltrated customer records, and says it does not respond to a model giving bad output with no breach involved. 5Company-reported. Lines page; the issued policy and declarations control actual coverage. |
| Role in This Line | Hiscox Inc. sells cyber insurance directly online as a standalone product for small businesses, separate from its business owner's policy, which also offers an optional cyber add-on. 1Company-reported. Company-stated standalone small-business cyber product; the BOP cyber add-on is a distinct package option described on a different page. | Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Cyber Liability Insurance with outside carriers; it says it does not underwrite policies itself. 6Company-reported. About page; describes Risklytics' brokerage model generally, restated for this line. |
| Issuing Insurer | Hiscox's appetite guide and About Hiscox US page name Hiscox Insurance Company Inc. (NAIC 10200) as the underwriter of admitted Hiscox NOW cyber policies. 4,3Company-reported. Admitted small-business cyber coverage as described in company materials; the exact contracting entity for a particular state or channel should be confirmed on the quote. | Risklytics does not name the carrier that underwrites Risklytics Cyber Liability Insurance on its site. It says it places business with specialist insurers willing to write robotics, autonomy and AI risk; the issuing carrier appears on the bound policy. 5,6Company-reported. Lines page and about page; no specific insurer is published for this line. |
