Cowbell Cyber has launched its new cyber insurance product, Cowbell Prime One, in the U.S. This policy is designed for organizations with advanced digital risk profiles and annual revenues between $250 million and $1 billion.
Prime One offers up to $10 million in coverage and includes affirmative coverage for artificial intelligence-related incidents and quantum computing risks. These emerging threats are rapidly evolving and pose significant challenges to businesses.
The new insurance product addresses exposures for digitally dependent operations, including cloud systems, third-party vendors, financial transactions, and sensitive data.
A key feature is its forward-looking approach to quantum computing risk, covering potential encryption vulnerabilities as quantum capabilities advance. The policy also provides coverage for AI-related incidents, such as the unauthorized use of AI systems in business operations.
Simon Hughes, chief commercial officer at Cowbell, stated, "Prime One represents a significant step forward in how we serve the midmarket segment. We are bringing together sophisticated coverage, underwriting discipline, and distribution tailored to risks typically managed by national retailers."