Lockton vs 
Marsh Cyber Insurance
Lockton pairs cyber placement with its own security-posture reviews, while Marsh offers an excess capacity facility that can exceed $200 million per client.
What Is Lockton?
Lockton is a privately held insurance brokerage that arranges commercial risk, employee benefits and retirement programs. US pages describe a technology practice and intermediary placement with insurers, not Lockton as the policy’s insurer. 1,2,3
What Is Marsh?
Marsh is a global insurance broker and risk advisor. In the United States it places coverage through core Marsh teams and through Marsh McLennan Agency for many middle-market buyers, including technology, cyber, property, casualty and benefits programs. 5,6,7,8
What Is Cyber Insurance?
Cyber insurance can help a business respond to cyber incidents and address covered liability claims arising from them. 13
Key Differences in Cyber Insurance
Two Brokerages, Two Structures
Lockton and Marsh both broker rather than underwrite cyber coverage, but they describe different organizational shapes for the work. Lockton frames its cyber practice around a three-step Inform, Improve, Insure approach delivered by one named team of more than 100 Associates. 4 Marsh separates the function: its corporate cyber risk practice places and advises on brokerage, while Marsh McLennan Agency, its middle-market subsidiary, runs a parallel placement and claims-advocacy track for smaller clients. 9 12
Capacity and Claims Handling
Marsh publishes a specific capacity figure through its Cyber ECHO facility: more than $200 million in excess cyber capacity per client, with a free first reinstatement and a paid second reinstatement for separate events in a policy year. 10
Marsh says its Cyber ECHO excess facility can provide over $200 million of cyber capacity per client, with a free first reinstatement and a paid second reinstatement for separate cyber events within a policy year. 10Company-reported. Cyber ECHO facility page; describes excess capacity Marsh can arrange, not a standard primary limit.
Lockton's pages do not publish a comparable capacity or limit figure; instead it describes pre-placement security-posture reviews, incident-response exercises and cyber-hygiene policy design as part of what its team delivers. 4 Marsh separately names global claims specialists who work with forensic accountants to prepare proof of loss. 11
Industry Focus
Lockton's technology practice names specific sectors it serves — electronic hardware, information technology, internet, medical equipment, semiconductors, software and telecommunications — as core to its cyber client base. 2 Marsh's MMA page instead frames eligibility around data exposure generally, saying any company can benefit but prioritizing organizations with large customer databases or valuable digital assets, without naming specific industries. 12
What to Confirm in Cyber Insurance Quotes
- Ask Lockton for the security-posture review findings and how they would factor into the terms a carrier offers. 4
- Ask Marsh whether your placement would go through its corporate cyber practice or through MMA, since the two pages describe different service tracks. 9 12
- If you need excess capacity, confirm whether Marsh's Cyber ECHO figures apply to your placement or only to specific client tiers. 10
- Get the issuing insurer from both; neither publishes a named carrier for a standard placement. 4 10
Offering Details
Lockton vs Marsh Cyber Insurance: documented features by provider
| Criteria | Lockton Cyber & Technology Insurance Brokerage | Marsh Cyber Insurance Brokerage |
|---|---|---|
| Role in This Line | Lockton brokers cyber insurance and pairs placement with its own risk-management advice under a three-step Inform, Improve, Insure approach: quantifying cyber financial exposure, recommending security improvements, then negotiating coverage terms with insurers. 4Company-reported. Cyber & Technology product page as read 2026-09-23. | Marsh's cyber risk practice places and advises on cyber insurance brokerage; it does not underwrite the policies it places. 9Company-reported. Marsh corporate cyber insurance product page. Marsh McLennan Agency (MMA), Marsh's middle-market subsidiary, places cyber coverage and acts as a carrier liaison, combining placement with claims advocacy. 12Company-reported. MMA cyber solutions page. |
| Issuing Insurer | Lockton says it has built alliances with cybersecurity firms and insurer partners, but the reviewed pages do not name specific cyber insurers or which carrier would issue a given client's policy. 4Not publicly disclosed. Cyber & Technology page checked 2026-09-23. | The reviewed pages do not name a specific cyber insurer for a standard placement. Marsh's Cyber ECHO excess facility lets clients choose underwriting from Lloyd's of London syndicates, company markets or Bermuda-based insurers, so the carrier varies by placement. 10Not publicly disclosed. Cyber ECHO facility page, which covers excess layers rather than every primary policy Marsh places. |
| Who It’s For | Lockton's technology practice says it works with clients in electronic hardware, information technology, internet, medical equipment, semiconductors, software and telecommunications, and highlights cyber liability as a core exposure for those industries. 2Company-reported. Technology industry page as read 2026-09-23. No minimum company size or revenue threshold was published. | MMA says any company can benefit from cyber coverage, but prioritizes organizations that store significant customer data, run large customer databases or hold valuable digital assets. 12Company-reported. MMA cyber solutions FAQ; MMA describes its own client base as middle-market organizations generally. |
| Coverage Features | Not described in the reviewed sources. | MMA lists incident investigation and response costs, network interruption/extra expense, extortion and ransomware payments, data restoration, and security and privacy liability as core cyber coverages, with media liability, privacy regulatory defense and reputation-based income loss available as additional coverages. 12Company-reported. MMA cyber solutions page; actual policy wording and insurer vary by placement. |
| Limits and Retentions | Not described in the reviewed sources. | Marsh says its Cyber ECHO excess facility can provide over $200 million of cyber capacity per client, with a free first reinstatement and a paid second reinstatement for separate cyber events within a policy year. 10Company-reported. Cyber ECHO facility page; describes excess capacity Marsh can arrange, not a standard primary limit. |
| Risk Services | Lockton describes services beyond placement: reviewing a client's cybersecurity posture, running incident-response exercises, and helping design security governance frameworks and cyber-hygiene policies, delivered by a team it says has over 100 Associates specializing in cyber risk. 4Company-reported. Cyber & Technology product page as read 2026-09-23. | Not described in the reviewed sources. |
| How to Apply | The Cyber & Technology page lists a named contact (its EVP, U.S. Cyber & Technology Leader) and the email cyber@lockton.com as the way to reach the team, rather than a self-serve online quote tool. 4Company-reported. Cyber & Technology page as read 2026-09-23. | You engage a named Marsh or MMA cyber specialist to design a placement; the reviewed pages describe advisor-led placement and risk analytics rather than an online self-serve quote. 9,12Company-reported. Marsh and MMA cyber pages, which list dedicated cyber brokerage and placement leaders. |
| Claims Support | Not described in the reviewed sources. | Marsh's global claims and incident-management specialists review cyber claims, support litigation management and work with forensic accountants to prepare proof of loss, advocating with insurers on the client's behalf. 11Company-reported. Claims Advocacy expertise page; recovery outcomes described as company-reported and not independently verified. |
Full Comparison
More Lockton vs Marsh Comparisons
Other Cyber Insurance Comparisons
Sources
Lockton
- Lockton United States. Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
- Technology. Lockton; Unique expertise in Cyber Liability; industries served (electronic hardware, information technology, internet, medical equipment, semiconductors, software, telecommunications). Accessed 2026-09-23.
- US Terms of Business. Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
- Cyber & Technology. Lockton; A Custom Approach; The Lockton Difference; Inform, Improve, and Insure three-step approach; team of over 100 Associates; contact cyber@lockton.com. Accessed 2026-09-23.
Marsh
- Marsh | Leader in risk, strategy, people, and investments. Marsh; Hero and capability tiles; FAQ: What does Marsh do?; industries served; Is Marsh the same as Marsh McLennan? January 2026 brand change. Accessed 2026-09-16.
- Compensation guide for US clients. Marsh; US broking segments; broker role; retail commissions, client fees, wholesale, insurer consulting, contingent and supplemental commissions; Marsh LLC and Marsh USA LLC; page 3: broker role and Marsh & McLennan Agency segment; page 7: copyright © 2024 Marsh LLC. Accessed 2026-09-16.
- Marsh McLennan Agency (MMA). Marsh; Middle-market US organizations; wholly-owned subsidiary; business insurance, employee health and benefits, retirement, private client. Accessed 2026-09-16.
- Technology | Insurance Broking & Risk Management. Marsh; Opening Technology Practice description; practice links including data center insurance, fintech and Stratus; Talk to us. Accessed 2026-09-16.
- Cyber Insurance. Marsh; Opening brokerage positioning; products list including Cyber Pathway, Cyber Accelerate, Claims Advocacy, CyberPort, Cyber ECHO; Rachel Lavender, US and Canada Cyber Brokerage Leader. Accessed 2026-09-23.
- Cyber ECHO. Marsh; New for 2026: over $200 million capacity; free first reinstatement and paid second reinstatement; one underwriting lead and two claims leads per panel; Lloyd's, company markets or Bermuda-based insurers. Accessed 2026-09-23.
- Claims Advocacy. Marsh; Global claims specialists negotiating cyber coverage issues; proof of loss with forensic accountants. Accessed 2026-09-23.
- Cyber Insurance | MMA. Marsh McLennan Agency; Benefits of Cyber: understand, mitigate, respond, recover; Cyber Coverage list (incident investigation and response, network interruption, extortion/ransomware, data restoration, security and privacy liability, additional coverages); FAQ: Who needs cyber insurance coverage? Accessed 2026-09-23.
Cyber Insurance Guide
- Cyber Insurance. Federal Trade Commission; Opening; First-Party and Third-Party Coverage; First-Party Coverage; Third-Party Coverage; What Should Your Cyber Insurance Policy Cover. Accessed 2026-09-16.
