What Are the Key Differences Between Hiscox and Mylo Business Owner’s Policy?
One Insurer Online Versus a Wider Search
Hiscox writes its Hiscox NOW BOP itself, so the price you see online comes from the company that pays your claims. It isn't sold in Alaska, Florida, Kansas, Ohio, Rhode Island, Washington or West Virginia. Mylo compares quotes from Travelers, Liberty Mutual, The Hartford, Hiscox and others, so a Mylo quote may or may not be a Hiscox policy. Choose Hiscox if you're outside those seven states and want to buy online in one sitting; choose Mylo if you're in one of them or want several prices side by side. [4] [1] [6]
Interruption Included or Add-Ons to Build Up
Mylo's BOP has three parts: general liability, property, and lost income during a covered shutdown. Mylo says packaging them usually costs less than buying each separately. Hiscox's page doesn't list interruption as a base part. Instead it offers cyber, hired and non-owned auto, and crime upgrades, with auto and crime sharing the BOP's per-occurrence limit rather than adding to it. [2] [7]
Who Helps You Buy
Hiscox runs quote and purchase on its own site. Mylo works online through its Mind of Mylo tool or by phone, with agents licensed in all 50 states. [2] [6]
What Should You Confirm in Hiscox and Mylo Business Owner’s Policy Quotes?
- Ask Mylo which insurer issues each BOP quote, and whether one is Hiscox. [6]
- Ask Hiscox whether your quote includes business interruption and on what terms. [7] [2]
- If you add Hiscox's hired auto or crime upgrades, check that the shared occurrence limit is high enough. [2]
- Ask Mylo whether its quoted insurers offer cyber, hired auto and crime add-ons like Hiscox's. [2] [7]