Cowbell introduces Prime One Tech to UK market
Cyber insurance provider Cowbell has launched Prime One Tech, a new product offering professional indemnity and cyber coverage to UK tech companies with annual turnover up to £1 billion.
The product offers coverage limits up to £5 million. It targets software, hardware, communications, and tech service firms needing flexible, tech-specific insurance.
Claud Bilbao, RVP, Underwriting & Distribution at Cowbell UK, “The UK has a robust technology sector that faces an increasingly complex array of both cyber threats and operational challenges.”
Cowbell’s Prime One Tech combines its existing Prime One cyber policy with new PI tech cover. It includes Cowbell Co-Pilot, a generative AI tool that cuts contract review times by 40%.
UK’s tech sector is valued at £902 billion, and following that growth, hostile cyber activity is up 16% in 2024. Cowbell’s new launch aims to respond to growing risks.
Product highlights
- Covers data loss, unpaid invoices, cyber crime, media liability, and subcontractors.
- Provides first- and third-party cyber protection.
- No restrictions on business descriptions, offering broad flexibility.
- In-house claims team supports fast response.
Platform benefits
Policyholders gain access to Cowbell’s platform featuring:
- Cowbell Factors™: Assesses risk across eight categories.
- Cowbell Insights™: Sends threat alerts and security tips.
- Cyber training: Free phishing simulations and courses for 12 months.
Bilbao stated, “Tech firms face both cyber threats and operational challenges. They need more than generic PI insurance — they need tailored, adaptive solutions.”
Cowbell says the launch fills a gap in the market. The product supports brokers and improves risk resilience for growing tech firms.
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