Mylo vs 
Risklytics: How Do They Compare for Umbrella and Excess Liability Insurance?
Mylo says most umbrella policies pay between $1 million and $15 million and compares quotes from multiple carriers; Risklytics places with outside carriers, lists a typical request of $1 million to $10 million and charges no broker fee on top.
If an enterprise customer or site owner is demanding $5 million or more in limits, Risklytics is built for that moment, charges no broker fee, and works with insurers that take robotics and AI risk. Mylo is the broader pick, comparing insurers for layers of $1 million to $15 million. 2,1
What Are the Key Differences Between Mylo and Risklytics Umbrella and Excess Liability Insurance?
What Usually Sends You Shopping
Risklytics says most buyers arrive when an enterprise master service agreement or a site owner demands higher limits than the primary carries. It places with specialist insurers willing to write robotics, autonomy and AI risk. Mylo's triggers are broader: any customer, partner or vendor contract that requires umbrella, or overseas operations where your primary limits fall short. Choose Risklytics if you're a robotics, autonomy or AI company facing a big-customer contract; choose Mylo if you're a conventional small business or operate abroad. 2 1
How Much Limit and Over What
Risklytics' typical ask is $1 million to $10 million, stacked mainly over general liability, auto and employer's liability. It rarely sits over Tech E&O, so a contract asking for higher professional limits may need a different product. Mylo says most umbrellas add $1 million to $15 million once general liability, auto or workers' comp limits run out, and you can't buy one on its own. 2 1
What You Pay the Broker and Who You Deal With
Risklytics says it adds no broker fee on top of premium; its commission comes from the insurer. You apply online. Mylo has a licensed agent review your business and compare quotes from several insurers. Both brokers place with outside insurers rather than write the policy. 4 3 1
What Should You Confirm in Mylo and Risklytics Umbrella and Excess Liability Insurance Quotes?
- If your contract requires higher Tech E&O limits, ask Risklytics how it would handle that. 2
- Ask Mylo whether any fee is added on top of premium, which Risklytics says it doesn't charge. 1 4
- If you operate abroad, ask Mylo how overseas gaps in your primary policies affect the quote. 1
- Ask both which insurer issues the policy; Risklytics names it only on the bound policy. 2 1
Mylo vs Risklytics Umbrella and Excess Liability Insurance Compared
Mylo vs Risklytics: Umbrella and Excess Liability Insurance: documented features by provider
| Criteria | Mylo Commercial Umbrella Insurance | Risklytics Extra Limits (Umbrella) Insurance |
|---|---|---|
| Limits and Retentions | Mylo says most commercial umbrella policies pay out between $1 million and $15 million in additional coverage above the underlying policy's limits. 1Company-reported. Commercial umbrella product page FAQ; a general market range, not a quoted limit for any specific business. | Risklytics lists a typical ask of $1 million to $10 million stacked on top of a client's other policies for this line. 2Company-reported. Lines page; actual limits are set on the bound policy. |
| Who It’s For | Mylo says umbrella coverage may also be needed for businesses operating internationally whose primary policy limits overseas protection, or that have signed a contract with a customer, partner or vendor requiring umbrella coverage. 1Company-reported. Commercial umbrella product page FAQ. | Risklytics says the usual trigger is the first contract demanding more liability coverage than the primary policy carries, often an enterprise master service agreement or a site owner asking for $5 million or more. 2Company-reported. Lines page. |
| How to Apply | Mylo says a licensed agent reviews the specific business to give a personalized recommendation on whether umbrella coverage makes sense, and compares quotes from top-rated carriers. 1Company-reported. Commercial umbrella product page "How will Mylo find me the right policy?" section. | You start Risklytics Extra Limits (Umbrella) Insurance through Risklytics' online application. Risklytics says there is no broker fee on top of the premium and a licensed producer stays on the file until the program binds; its commission is paid by the carrier out of the premium either way. 4,3Company-reported. Pricing page describes the general application and fee process, not a line-specific form. |
| Coverage Features | Mylo describes commercial umbrella as extra liability protection that takes over once a business exhausts the limits of its general liability, commercial auto or workers' compensation policies, and says it cannot be purchased or used on its own without an underlying policy in place. 1Company-reported. Commercial umbrella product page; the issued policy and its exclusions control. | Risklytics describes this line as stacking extra liability limits, commonly over general liability, commercial auto and employer's liability, on top of a primary policy when a contract demands higher limits than the primary carries, and says it rarely sits over Tech E&O. 2Company-reported. Lines page; the issued policy and declarations control actual coverage. |
| Role in This Line | Mylo brokers commercial umbrella insurance by comparing quotes from multiple carriers rather than underwriting the policy itself. 1Company-reported. Commercial umbrella product page. | Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Extra Limits (Umbrella) Insurance with outside carriers; it says it does not underwrite policies itself. 3Company-reported. About page; describes Risklytics' brokerage model generally, restated for this line. |
