Cowbell announced that it is expanding its cyber insurance coverage to include US companies with annual revenues of up to $1 billion. The expansion will allow middle-market businesses to access Cowbell’s Prime 250 Cyber and Prime Tech Errors & Omissions (E&O) insurance products supported by Chaucer Group. These offerings provide primary and excess limits of up to $5 million.
Middle-market companies, which account for one-third of US private-sector jobs and over $10 trillion in annual revenue, face growing cyber risks. A recent report found that 24% of mid-sized businesses experienced a cyberattack last year, while 61% lacked dedicated cybersecurity personnel. Cowbell’s expanded coverage seeks to address this gap by offering risk management services and educational resources, such as Cowbell 365 and Cowbell Academy.
“Growing Complexity”
“These businesses are increasingly reliant on technology, but the growing complexity of operations and cyber threats mean traditional offerings often fall short,” said Piers Tuggey, Head of Cyber at Chaucer Group. “Our partnership with Cowbell will help middle-market companies access tailored cybersecurity services.”
Cowbell is also introducing additional cyber insurance services for businesses with revenues between $250 million and $1 billion. These services include assigned underwriters, cybersecurity consultations, penetration testing, and a year of free cybersecurity awareness training for employees, valued at up to $40,000.
“This is about relationship-building, collaboration, and trust,” said Trent Cooksley, Cowbell’s Chief Operating Officer. “We’re committed to helping brokers and their clients recognize the full scope of benefits, from savings on training programs to having a dedicated underwriting partner.”
The expansion builds on Cowbell’s existing offerings for small and medium-sized enterprises, supported by its risk pool of 45 million businesses in the US and UK.
Source: Cowbell Extends Cyber and Tech E&O Offerings to Companies up to $1B in Annual Revenue in the US.
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