Mylo vs Newfront: How Do They Compare for Cyber Insurance?

Both are brokers: Mylo compares carriers for businesses that take cards, while Newfront starts with a consultation, uses modeling data to guide limits, and offers hands-on claims consultation.

Mylo compares carrier quotes for businesses that take cards or store customer data and says cyber can often sit on a BOP. Newfront starts with a consultation led by its cyber practice head and uses internal modeling to size limits. 1,2

What Are the Key Differences Between Mylo and Newfront Cyber Insurance?

A BOP Add-On Versus a Consult-First Practice

Mylo says cyber can often be added to a Business Owner's Policy depending on the carrier, alongside general liability, commercial property and business interruption. Newfront starts a cyber placement with a consultation request on its Cyber Risk page, led by Jennifer Wilson, Head of the Cyber Practice, and does not describe a BOP bundle. Choose Mylo if you want cyber shopped as a small-business add-on; choose Newfront if you want a named practice to model limits and negotiate wording. 1 2

Quoted Coverages Versus a Key-Coverages Menu

Mylo lists non-legal costs such as investigation, notification, PR, lost income, ransom reimbursement and data restoration, plus legal and regulatory defense. Newfront's menu names Cyber Liability, Data Breach, Technology E&O, Business Interruption, Network Security Liability, and Cyber Extortion and Ransomware as key coverages. 1 2

Limit Silence Versus Proprietary Modeling

Mylo's product page does not publish limits, retentions or premium ranges. Newfront also withholds posted limits, but says its technology team uses proprietary modeling to align limits with a client's exposure and tolerance. 1 2

What Should You Confirm in Mylo and Newfront Cyber Insurance Quotes?

  • Ask Mylo whether your quote is a BOP endorsement or a standalone policy. 1
  • Ask Newfront for the limit its modeling actually recommends. 2
  • Get the issuing insurer from both; neither page names one. 1 2

Mylo vs Newfront Cyber Insurance Compared

Mylo vs Newfront: Cyber Insurance: documented features by provider

CriteriaMylo Cyber InsuranceNewfront Cyber Risk Insurance
Coverage Features

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. 1Company-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. 1Company-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. 1Company-reported. Cyber insurance product page "Add cyber to your Business Owner's Policy (BOP)" section.

Newfront lists Cyber Liability Insurance, Data Breach Insurance, Technology Errors and Omissions (E&O), Business Interruption, Network Security Liability, and Cyber Extortion and Ransomware Coverage among its cyber Key Coverages. 2Company-reported. Cyber Risk page Key Coverages list; the page treats technology E&O as part of the same practice.

Role in This Line

Mylo brokers cyber insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 1Company-reported. Cyber insurance product page.

Newfront's Cyber Risk practice brokers cyber coverage: it assesses risk, negotiates coverage and placement, and provides claims consultation. It does not underwrite the policy itself. 2Company-reported. Cyber Risk offering page.

About Mylo and Newfront and Cyber Insurance

Related Pages for Mylo vs Newfront Cyber Insurance

Updated . Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. Editorial policy. To suggest a correction, contact Spot with the page URL and supporting source.

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