Cowbell, a cyber insurance provider focused on small to medium-sized enterprises and the middle market, has introduced Prime One Tech in the UK.
This new offering combines professional indemnity and cyber coverage, built specifically for technology companies generating up to £1 billion in annual revenue. Policy limits are available up to £5 million.
Prime One Tech blends Cowbell’s established Prime One cyber programme with tailored professional indemnity protection for tech-driven organisations.
The product is supported by Cowbell Co-Pilot, a generative AI tool that improves underwriting efficiency by reducing contract review time by as much as 40%.
The launch comes as the UK solidifies its position as Europe’s leading tech hub and the third-largest technology ecosystem worldwide, with a market value reaching £902 billion in 2024. This rapid growth has also brought increased exposure to cyber threats, with malicious activity climbing 16% over the past year.
Cowbell developed Prime One Tech in response to growing demand from brokers and technology businesses seeking customised coverage that reflects the complexity of their operational risks.
The coverage addresses a wide range of risks, including cybercrime, data breaches, contract disputes, intellectual property issues, and media liability.
It also extends protection to incidents involving subcontractors and unpaid invoices, while including both first- and third-party cyber events.
Importantly, there are no exclusions for guarantees, consequential damages, or breach of warranty, and the policy imposes no limitations based on how a business is described, making it highly adaptable for fast-evolving tech firms.
Policyholders benefit from access to Cowbell’s proprietary platform. It includes Cowbell Factors, which evaluates cyber risk across eight dimensions using data from over 47 million businesses across the UK, US, and Japan.
This helps ensure fair, risk-aligned pricing. The platform also includes Cowbell Insights, which delivers timely security recommendations, threat alerts, and guidance for strengthening cyber resilience. In addition, customers receive complimentary cybersecurity training for the first year of their policy, including phishing simulations and awareness courses.
This launch builds on Cowbell’s 2023 entry into the UK market and the release of its standalone cyber programme, Prime One. The expansion is backed by A+ rated re/insurers and a recent $60 million investment from Zurich, reinforcing Cowbell’s commitment to supporting technology companies in the UK with strong, flexible cyber protection.
Claud Bilbao, RVP, Underwriting & Distribution at Cowbell UK, said: “The UK has a robust technology sector that faces an increasingly complex array of both cyber threats and operational challenges.These companies – whether software, hardware, communication, or technology service businesses – need more than just general PI insurance.
“They need tailored, innovative solutions that keep pace with the industry’s rapid evolution. With Prime One Tech, we’re delivering exactly that: a comprehensive, adaptive solution covering risks like data breaches, software failures, cyber loss and liability, empowering technology companies to thrive with confidence.”
Bilbao, added: “Looking ahead, our experienced team of underwriters are looking forward to deepening relationships with brokers who specialise in technology accounts and further developing our digital distribution capabilities to better serve the UK market.”
