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

TechInsurance reports a median cyber premium of $129 a month and lists what cyber does not cover; Mylo brokers by comparing carrier quotes and describes costs it can pay, from forensics to ransom reimbursement.

TechInsurance reports a $129 monthly median cyber premium and says a certificate is typically available the same day you buy. Mylo compares quotes and can attach cyber to a BOP but does not publish a premium or certificate timing. ^2,¹

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

A Book Median Versus Unpriced Shopping

TechInsurance gives small-business buyers a number they can check against a quote.

TechInsurance says its cyber liability policyholders pay a median of $129 per month, or about $1,552 a year, based on its own customer data, with the exact premium depending on employee count, data volume, claims history, deductible and coverage limits. ²Company-reported. Cyber liability product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table.

Mylo compares quotes from multiple carriers and says cyber can often sit on a BOP, but its page does not publish a premium, limit or certificate timeline. Choose TechInsurance if a published median and same-day certificate matter; choose Mylo if you want the line shopped as a BOP add-on rather than a priced standalone book. ¹

Named Small-Business Trades Versus Card-and-Data Buyers

TechInsurance names IT and technology professionals, retail, healthcare, financial services, real estate, and media and advertising as example segments. Mylo markets cyber to businesses that take credit cards or store customer information, citing its figure that more than two-thirds of small businesses have experienced a cyberattack. ² ¹

Written Exclusions Versus a Threat List

TechInsurance says cyber does not cover professional negligence unrelated to a breach or data loss from physical hardware damage, and points buyers to E&O or a BOP for those gaps. Mylo instead lists the threats coverage is designed to address — hacking, spear phishing, employee data errors, malware and ransomware — without that exclusion list. ² ¹

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

Ask TechInsurance which carrier is returning your quote. ²
Ask Mylo whether the option is a BOP endorsement. ¹
Get actual limits; TechInsurance posts a median premium, not sublimits. ²

Mylo vs TechInsurance Cyber Insurance Compared

Mylo vs TechInsurance: Cyber Insurance: documented features by provider

Criteria	Mylo Cyber Insurance	TechInsurance Cyber Liability Insurance
Who It’s For	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. ¹Company-reported. Cyber insurance product page; a company-reported statistic, not independently verified.	TechInsurance targets cyber liability at small businesses handling sensitive data, naming IT and technology professionals, retail, healthcare, financial services, real estate, and media and advertising businesses as example segments. ²Company-reported. Who needs cyber liability insurance section of the product page.
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.	TechInsurance splits cyber liability into first-party coverage (data breach response, cyber extortion payments, business interruption, data recovery) and third-party coverage (legal fees, regulatory fines, reputation management, settlements and court-ordered damages) for claims a client brings against the business. ²Company-reported. Cyber liability product page; coverage described in general terms, not a specific policy form. TechInsurance says cyber liability insurance does not cover professional negligence claims unrelated to a breach, physical damage to electronic devices, or data loss from physical damage to hardware, and points buyers to errors and omissions or a business owner's policy for those gaps. ²Company-reported. What isn't covered by cyber liability insurance section of the product page.
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.	TechInsurance arranges cyber liability insurance as a standalone policy and describes it as often bundled with technology errors and omissions coverage in a combined tech E&O package. ²Company-reported. Cyber liability product page.

Criteria

Mylo Cyber Insurance

TechInsurance Cyber Liability Insurance

Who It’s For

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. ¹Company-reported. Cyber insurance product page; a company-reported statistic, not independently verified.

TechInsurance targets cyber liability at small businesses handling sensitive data, naming IT and technology professionals, retail, healthcare, financial services, real estate, and media and advertising businesses as example segments. ²Company-reported. Who needs cyber liability insurance section of the product page.

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.

TechInsurance splits cyber liability into first-party coverage (data breach response, cyber extortion payments, business interruption, data recovery) and third-party coverage (legal fees, regulatory fines, reputation management, settlements and court-ordered damages) for claims a client brings against the business. ²Company-reported. Cyber liability product page; coverage described in general terms, not a specific policy form.

TechInsurance says cyber liability insurance does not cover professional negligence claims unrelated to a breach, physical damage to electronic devices, or data loss from physical damage to hardware, and points buyers to errors and omissions or a business owner's policy for those gaps. ²Company-reported. What isn't covered by cyber liability insurance section of the product page.

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.

TechInsurance arranges cyber liability insurance as a standalone policy and describes it as often bundled with technology errors and omissions coverage in a combined tech E&O package. ²Company-reported. Cyber liability product page.