Lockton vs 
Mylo Cyber Insurance
Lockton advises named technology-sector clients through a dedicated team, while Mylo quotes cyber for small businesses generally and can bundle it into a BOP.
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 Mylo Insurance?
Mylo is an independent insurance broker for small and growing businesses. It recommends coverage and compares available quotes from multiple carriers online or with a licensed advisor; the insurer named on the resulting policy provides the coverage. 5,6
What Is Cyber Insurance?
Cyber insurance can help a business respond to cyber incidents and address covered liability claims arising from them. 8
Key Differences in Cyber Insurance
Who Each Page Is Written For
Lockton's technology practice names the industries it serves — electronic hardware, information technology, internet, medical equipment, semiconductors, software and telecommunications — and frames cyber liability as a core exposure for those sectors specifically. 2 7
How the Policy Is Packaged
Mylo says cyber coverage can often be added directly to a Business Owner's Policy depending on the carrier, alongside general liability, commercial property and business interruption.
Lockton's pages describe cyber as a standalone placement handled through its Cyber & Technology practice rather than a BOP add-on, paired instead with risk-management services like cybersecurity posture reviews and incident-response exercises. 4
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. 7Company-reported. Cyber insurance product page "Add cyber to your Business Owner's Policy (BOP)" section.
What to Confirm in Cyber Insurance Quotes
- Ask Lockton whether your business fits its named technology-sector focus or if it also places cyber for other industries. 2
- Ask Mylo which carriers it compares for your quote and whether cyber would be bundled into a BOP or sold standalone. 7
- Get the issuing insurer from both; neither page names a specific carrier. 4 7
- Confirm published limits and retentions directly with each, since neither page discloses them. 7
Offering Details
Lockton vs Mylo Cyber Insurance: documented features by provider
| Criteria | Lockton Cyber & Technology Insurance Brokerage | Mylo Cyber Insurance |
|---|---|---|
| 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. | Mylo brokers cyber insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 7Company-reported. Cyber insurance product 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 cyber insurance product page does not name the insurer that would issue a given business's policy. 7Not publicly disclosed. Checked the cyber insurance product page on 2026-09-23. |
| 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. | 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. 7Company-reported. Cyber insurance product page; a company-reported statistic, not independently verified. |
| Coverage Features | Not described in the reviewed sources. | 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. 7Company-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. 7Company-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. 7Company-reported. Cyber insurance product page "Add cyber to your Business Owner's Policy (BOP)" section. |
| Limits and Retentions | Not described in the reviewed sources. | The cyber insurance product page does not publish specific coverage limits, retentions or premium ranges. 7Not publicly disclosed. Checked the cyber insurance product page on 2026-09-23. |
| 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. | Not described in the reviewed sources. |
Full Comparison
More Lockton vs Mylo 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.
Mylo
- Small Business Insurance. Mylo; Hero; What Insurance Does A Small Business Need (Business Owners Policy listing); Get My Quote; Business Insurance FAQs; commercial-product navigation; footer legal disclosure. Accessed 2026-09-16.
- About Mylo. Mylo; Your Digital One-Stop Shop; The Broker Advantage; Proven Heritage, Powerful Future; About Mylo FAQs. Accessed 2026-09-15.
- Cyber Insurance. Mylo; Back up your great reputation with cyber insurance; Do you take credit cards or store customer info? (hacking, data errors/misuse, malware/ransomware); What does cyber insurance do for business owners? (non-legal and legal/regulatory costs); Add cyber to your Business Owner's Policy (BOP); Cyber insurance FAQs. 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.
