Alliance Risk vs Mylo: Business Owner’s Policy

Both are brokers. Mylo compares quotes from more than 40 A-rated carriers through an online tool or a phone advisor; Alliance Risk offers a quote form or consultation and lists exclusions like flood and workers' comp.

Montgomery Risk Partners prepared this library from Spot.Insure comparison research and underlying public records.Research updated 2026-09-25

Mylo shops your BOP across more than 40 A-rated insurers, including Travelers and The Hartford. Alliance Risk is the only one of the two that publishes typical BOP prices, so you know roughly what to expect before a quote.

What Are the Key Differences Between Alliance Risk and Mylo Business Owner’s Policy?

More Insurers to Compare Versus a Price Before You Call

Mylo names Travelers, Liberty Mutual, The Hartford and Hiscox among its insurer partners, so one application can surface several competing BOP prices. Alliance Risk names no insurer, but its BOP page puts a typical small business at $500 to $1,200 a year, a medium business at $1,200 to $2,500, and each added endorsement at $100 to $500. Choose Mylo if you want several insurers bidding on your BOP; choose Alliance Risk if you want a price range up front and help adding cyber, equipment breakdown, hired auto or EPLI. [4] [3] [2]

What a Covered Shutdown Pays

Both bundles include business interruption. Mylo spells out that it pays lost income on an actual-loss-sustained basis, meaning your real lost income rather than a fixed amount. Alliance Risk's page doesn't describe the basis, so ask before you rely on it. [2] [4]

Online Tool Versus Advisor Call

Mylo lets you shop online through its Mind of Mylo tool or call a licensed advisor at 844-863-5950, with agents licensed in all 50 states. Alliance Risk takes an online form or a scheduled call with a risk advisor. [2] [4] [3]

What Should You Confirm in Alliance Risk and Mylo Business Owner’s Policy Quotes?

  • Ask Mylo which insurer issues each BOP quote you receive. [3]
  • Ask Alliance Risk which insurer issues its BOP and whether its published price range fits your business class. [2]
  • Ask Alliance Risk whether interruption pays actual loss sustained, as Mylo's does. [2] [4]
  • Get deductibles in writing; neither page publishes them. [2] [4]

Provider coverage details

Alliance Risk

  • role: Alliance Risk arranges BOP placements as a brokerage; the BOP page describes the bundled package it places rather than an Alliance-issued policy, and does not name an issuing insurer. BOP product page and the general brokerage disclosure on the coverage catalogue page.company-reportedSource ↗Source ↗
  • coverage: Alliance Risk's BOP bundles general liability, commercial property and business interruption coverage, with optional endorsements for cyber liability, equipment breakdown, hired and non-owned auto liability, and employment practices liability (EPLI). BOP product page; actual endorsement availability depends on the carrier and underwriting.company-reportedSource ↗
  • coverage: Alliance Risk's BOP page says the bundled package excludes professional liability claims, workers' compensation, commercial auto coverage, and flood or earthquake damage, each of which needs a separate policy. BOP product page, What Doesn't Business Owners Policy Cover? section.company-reportedSource ↗
  • eligibility: Alliance Risk targets its BOP at small and mid-sized businesses that operate from a physical location with customer foot traffic, listing retail and boutiques, offices and consultants, restaurants and food service, artisan contractors, and healthcare and wellness providers as common buyers. BOP product page, Who Needs Business Owners Policy? section.company-reportedSource ↗
  • application: You request a BOP quote through Alliance Risk's online quote form or by scheduling a consultation with a risk advisor; the page does not describe specific underwriting information required for a BOP submission. BOP product page quote call to action.company-reportedSource ↗
  • limits: Alliance Risk's BOP page gives typical annual premium ranges ($500-$1,200 for small businesses, $1,200-$2,500 for medium businesses, $100-$500 per added endorsement) but does not publish standard liability or property limits, deductibles or sublimits. BOP product page as read on 2026-09-23.not-disclosedSource ↗

Mylo

  • role: Mylo brokers a business owner's policy by comparing quotes from multiple carriers rather than underwriting the policy itself. BOP product page and the business-insurance overview page.company-reportedSource ↗Source ↗
  • coverage: Mylo describes its BOP as bundling three coverages: general liability for third-party bodily injury, property damage and advertising-injury claims; commercial property for damage to a business's building and business personal property from causes such as fire, storm, theft or vandalism; and business interruption for lost income (actual loss sustained) during a covered shutdown. BOP product page coverage sections; the issued policy and its exclusions control.company-reportedSource ↗
  • coverage: Mylo says packaging these three coverages in a BOP instead of buying them separately typically costs less and can provide better coverage than buying each individually. BOP product page FAQ; a general company statement, not a quoted savings figure for any specific business.company-reportedSource ↗
  • eligibility: Mylo's business-insurance overview page lists a BOP among the coverages most owners start with, alongside commercial auto, workers' compensation and commercial umbrella, and says it gives each business a personalized coverage recommendation. Business-insurance overview page.company-reportedSource ↗
  • insurer: Mylo says it partners with more than 40 A-rated commercial insurance carriers and names Travelers, Liberty Mutual, The Hartford and Hiscox as examples, but neither page identifies which carrier would issue a specific business's BOP. Business-insurance overview page FAQ; the carrier panel is described company-wide, not BOP-specific.company-reportedSource ↗
  • application: Mylo says a buyer can shop for a BOP online through its Mind of Mylo recommendation tool or by phone with a licensed advisor (844-863-5950), and that Mylo has agents licensed in all 50 states. Business-insurance overview page FAQ.company-reportedSource ↗
  • limits: Neither the BOP product page nor the business-insurance overview page publishes specific coverage limits, deductibles or premium ranges. Checked both pages on 2026-09-23.not-disclosedSource ↗Source ↗

Sources and records

  1. 01
    Alliance Products

    Alliance Risk · Footer brokerage disclosure: "Alliance Risk is an insurance brokerage focused on providing clients with commercial insurance across a wide array of industries." · accessed 2026-09-23

  2. 02
    Business Owners Policy (BOP)

    Alliance Risk · What Is a Business Owners Policy?; Who Needs Business Owners Policy?; What Does Business Owners Policy Cover?; What Doesn't Business Owners Policy Cover?; How Much Does Business Owners Policy (BOP) Cost? · accessed 2026-09-23

  3. 03
    Business Insurance

    Mylo · What insurance does a small business need?; Why Mylo? (40+ top-rated commercial insurance partners, 4.8 Google rating, BBB Accredited); What insurance carriers do you work with?; How do I shop for insurance with Mylo? · accessed 2026-09-23

  4. 04
    Business Owner's Policy

    Mylo · Like you, a BOP can do three things at once!; Coverage #1: general liability; Coverage #2: commercial property; Coverage #3: Business Interruption; Business Owner Policy FAQs · accessed 2026-09-23

  5. 05
    Business Interruption and Business Owner Policy

    National Association of Insurance Commissioners · Background; General liability, Commercial property and Business interruption bullets · accessed 2026-09-16

  6. 06
    Small Business

    National Association of Insurance Commissioners · FAQ: What’s a business owners policy?; What’s general liability insurance · accessed 2026-09-16

Use this comparison as a starting point for a discussion about your business and its insurance needs.

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