Lockton vs Risklytics: How Do They Compare for Business Insurance?

Technology, hardware, software, internet, medical-device, semiconductor and telecom organizations can ask Lockton about brokerage; public pages give no company-size, funding or revenue minimum. ^1,2,10Company-reportedUS technology, homepage and private-equity service pages. Presence of a technology practice is not an eligibility guarantee for a bootstrapped or early-stage startup.

Robotics, autonomous-vehicle, hardware, AI software, drone, space and defense businesses can approach Risklytics for help explaining unfamiliar operations to underwriters. ^24,26Company-reportedCurrent official service description; not independently tested or a policy entitlement.

Technology and private-equity buyers can ask about cyber, D&O, contract review and international programs; Lockton also lists casualty, property, fiduciary, benefits, E&O, crime, EPL, surety, key-person and transaction products. Actual forms, limits and eligibility require a quote. ^{2,3,4,5,6,7,8,9,10}Company-reportedDirect US product and industry pages accessed 16 September 2026. Technology errors and omissions is discussed in educational Lockton articles but was not added from those articles alone. Catalogue entries from the private-equity page are marketed in that industry context.

Risklytics lists GL, Tech E&O, cyber, D&O, property, inland marine, workers’ comp, umbrella, IP and space insurance; these are separate placement categories, not a package or availability guarantee. ²⁶Company-reportedDirect service catalogue headed The lines we place. Technology E&O is not double-counted as generic professional E&O. Space has no existing shared coverage key and remains in this fact.

Technology firms can ask Risklytics to review E&O wording for AI exclusions before binding; its product page is not a specimen form or confirmation a specific AI loss is covered. ³⁰Company-reportedCurrent official service description; not independently tested or a policy entitlement.

Businesses seeking IP or space cover should check the actual form: Risklytics markets infringement defense and enforcement, and space coverage from pre-launch through orbit, but details vary by quote. ^31,32,26Company-reportedSpecialty categories confirmed by direct placement catalogue; product-page examples are explanatory, not guaranteed insuring agreements.

You can start with a Lockton team inquiry or email its cyber and technology group; reviewed pages do not offer a self-service bind flow or guaranteed quote turnaround. ^12,1,15,3,14Company-reportedUS contact, privacy, technology and cyber-technology pages. Form submission was not completed. Website terms state site content is general information, not broking advice.

Risklytics says it drafts your application from your business description and public website for your review and signature; it also advertises Slack and email updates, but the process was not independently tested. ²³Company-reportedCurrent official service description; not independently tested or a policy entitlement.

Risklytics says it reviews your application, approaches insurers and explains quote wording; the insurer binds only after you accept, and timing varies by risk. ²⁸Company-reportedFAQ process description only; no application, quote or binding transaction performed.

Request all commissions and fees for your account: Lockton’s terms allow insurer commissions, client fees, contingent/supplemental compensation, insurer service fees, affiliate reinsurance income and finance interest, but publish no standard rates. ¹³Company-reportedCompensation Disclosure section of US Terms of Business. Amounts for a given account are not disclosed on the public site.

Ask for buyer fees, commission and total premium because Risklytics advertises no application or brokerage charge but its terms allow other compensation and policy fees. ^27,25Company-reportedRetail pricing page and terms section 9; no total-cost comparison with direct purchase or other brokers is supported.

A Lockton office in California does not prove your policy is available there; the company lists US and California offices, while its terms also contemplate surplus-lines placements. ^{16,17,18,19,13}Company-reportedOffice directories and US site. No published state-by-state eligibility matrix was found. California office presence is not treated as California coverage eligibility.

Verify the current producer authority for your location: Risklytics publishes NPN 22311838 and selected state licenses, but these company-listed identifiers are not independent verification or proof of product access. ²⁴Company-reportedAbout page attributes its table to NIPR; no NIPR producer report or regulator-issued record was obtained.

California is absent from Risklytics’ reviewed license table; this does not prove it cannot arrange coverage, so confirm the producer, authority and insurer before relying on a quote. ^24,25,33Not found in reviewed sourcesOfficial company disclosures and initial CDI business-name search interface reviewed. No completed CDI search or license result. Office location and a fictional homepage demonstration mentioning CA do not establish authority.