New offering expands Cowbell’s mid-market capabilities with affirmative AI coverage and industry-leading protection for quantum computing exposures
Cowbell, a leading provider of adaptive cyber and specialty insurance solutions for global small and mid-market organizations, announced the U.S. launch of Cowbell Prime One, a non-admitted cyber insurance product designed for organizations with advanced digital risk profiles and annual revenues between $250 million and $1 billion.
Prime One delivers up to $10 million in limits and introduces affirmative coverage for artificial intelligence (AI)-related incidents and quantum computing risks, two of the most rapidly evolving and least understood threats facing businesses today. Designed for organizations with complex, digitally dependent operations, the product addresses exposures spanning cloud-based and interconnected systems, third-party vendors, financial transactions, and sensitive data environments.
Its modernized policy framework reflects how emerging technologies are reshaping system dependencies and decision-making, while offering a broad range of core and additional coverages, including cybercrime, business interruption, system failure, data restoration, third-party liability, and specialized protections such as biometric data exposure, wrongful collection, and cyber-enabled tangible property loss.
“Cyber risk is no longer confined to traditional attack vectors,” said Trent Cooksley, co-founder and Chief Operating Officer at Cowbell. “With Prime One, we are addressing the realities of modern risk, where AI-driven incidents, evolvingย fraudย tactics, and the future impact of quantum computing require a fundamentally different approach to coverage. This product reflects our commitment to staying ahead of emerging threats and providing clarity when our policyholders need it most.”
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Prime One also provides affirmative coverage for AI-related incidents, including risks arising from the unauthorized use or access to AI systems in business operations. As organizations rapidly adopt AI technologies, this coverage ensures protection keeps pace with innovation.
The U.S. launch builds on Cowbell’s experience delivering similar solutions internationally, where collaboration with global specialty (re)insurance leader, Chaucer, has supported the development of advanced cyber coverage tailored to complex risks. Prime One adapts those learnings for the U.S. market, aligning coverage with the needs of larger, digitally dependent organizations.
“Prime One represents a significant step forward in how we serve the mid-market segment,” said Simon Hughes, Chief Commercial Officer at Cowbell. “We are bringing together sophisticated coverage, underwriting discipline, and distribution tailored to risks typically managed by national retailers. This allows us to meet the needs of larger organizations that require both flexibility and depth in their cyber insurance programs.”
Coverage is written on a non-admitted basis by leading specialty insurance provider, Chaucer Insurance Company, which maintains an A (excellent) rating from A.M. Best, and A (strong) rating from Standard and Poor’s.
Prime One includes a one-year complimentary subscription to Cowbell’s Vendor Risk Assessment and Cybersecurity Awareness Training through Cowbell Resiliency Services (CRS). Additionally, policyholders who subscribe to Cowbell’s Managed Detection and Response (MDR) service may be eligible for the Prime One MDR Endorsement, which provides a $25,000 reduction in retention towards certain coverages.
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