Marsh vs Simply Business: How Do They Compare for Cyber Insurance?

Marsh's cyber risk practice places and advises on cyber insurance brokerage; it does not underwrite the policies it places. ⁵Company-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. ⁸Company-reported. MMA cyber solutions page.

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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. ⁶Not publicly disclosed. Cyber ECHO facility page, which covers excess layers rather than every primary policy Marsh places.

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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. ⁸Company-reported. MMA cyber solutions FAQ; MMA describes its own client base as middle-market organizations generally.

Simply Business says cyber is available as an added coverage for select businesses purchasing another business policy, with general liability, professional liability and workers’ compensation given as examples. This is not a universal availability promise. ¹¹Company-reported. Company-published cyber information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.

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. ⁸Company-reported. MMA cyber solutions page; actual policy wording and insurer vary by placement.

The cyber page describes security-event and privacy-regulation claim types as risks that may be covered. This is company education; the policy determines coverage, limits, triggers and exclusions. ¹¹Company-reported. Company-published cyber information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.

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. ⁶Company-reported. Cyber ECHO facility page; describes excess capacity Marsh can arrange, not a standard primary limit.

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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. ^5,8Company-reported. Marsh and MMA cyber pages, which list dedicated cyber brokerage and placement leaders.

The page lists a phone quote route for cyber and also describes an online quote tool. Its Terms say availability varies by state, insurer and business details and binding requires panel-member approval. ^11,10Company-reported. Company-published cyber information for U.S. small businesses; availability and actual policy terms depend on the insurer, state and buyer.

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. ⁷Company-reported. Claims Advocacy expertise page; recovery outcomes described as company-reported and not independently verified.

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