Cowbell has officially introduced its latest cyber insurance offering, Prime One, in the United States, marking a significant advancement in how businesses can address emerging digital risks. Specifically, the company designed this non-admitted product for organizations with sophisticated risk profiles and annual revenues ranging from $250 million to $1 billion.

As cyber threats continue to evolve, Prime One provides up to $10 million in coverage and, importantly, includes affirmative protection against risks associated with artificial intelligence (AI) and quantum computing. These areas, although rapidly developing, remain among the least understood threats facing modern enterprises. Therefore, Cowbell aims to bridge this gap by offering forward-thinking coverage tailored to complex digital environments.

Moreover, Prime One targets organizations heavily reliant on interconnected systems, cloud infrastructure, and third-party vendors. It addresses a wide spectrum of risks, including financial transactions, sensitive data exposure, and operational disruptions. In addition, the policy framework reflects the growing influence of emerging technologies on business operations and decision-making processes.

The coverage also extends to essential protections such as cybercrime, business interruption, system failures, data restoration, and third-party liability. Furthermore, it includes specialized features like biometric data exposure, wrongful data collection, and cyber-enabled physical property damage—areas that are increasingly relevant in today’s digital-first ecosystem.

“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, evolving fraud 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.”

Notably, Prime One stands out due to its proactive approach to quantum computing risks. It covers potential vulnerabilities in encryption and the possible compromise of encrypted data as quantum capabilities advance. While quantum computing remains an emerging concern, experts widely anticipate that it will challenge current encryption standards. Consequently, businesses must adopt proactive risk management strategies.

In parallel, the policy also offers explicit coverage for AI-related incidents, including unauthorized access or misuse of AI systems. As organizations increasingly integrate AI into their operations, this feature ensures that protection evolves alongside technological innovation.

The U.S. launch builds upon Cowbell’s international experience, particularly its collaboration with Chaucer. This partnership has enabled the development of advanced cyber insurance solutions tailored to complex global risks. Now, Cowbell has adapted these insights to meet the demands of the U.S. mid-market segment.

“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.”

Finally, Prime One policies are underwritten by Chaucer Insurance Company, which holds an A (excellent) rating from AM Best and an A (strong) rating from Standard & Poor’s, reinforcing the product’s credibility and reliability.

Recommended Cyber Technology News:

To participate in our interviews, please write to our CyberTech Media Room at info@intentamplify.com  



🔒 Login or Register to continue reading