PriyaPatel
TLDR:
– Cowbell Prime Tech offers Adaptive Cyber Insurance and Technology E&O coverage
– Limits up to $5M for businesses with up to $1B in revenue
– Cowbell Co-Pilot assists underwriting team with AI-driven tool
– Available to technology business SMEs with various services and products
– Can assist with defense costs, settlements, cyber extortion, and more
– Provides coverage for negligence, breach of warranty/contract, misrepresentation, and more
Cowbell Prime Tech provides comprehensive coverage for technology business SMEs in the USA and UK. With limits up to $5M for businesses with up to $1B in revenue, Prime Tech combines Adaptive Cyber Insurance and Technology E&O coverage on a single form, previously only available on an excess basis. The policy is powered by Cowbell Co-Pilot, an AI-driven assistive underwriting tool that helps the underwriting team operate with speed and efficiency while providing a deep understanding of the insured’s operations, resulting in a more customized approach to underwriting and coverage.
Prime Tech is available to businesses in various industries such as AV/Video Services, Data Analytics, IT Consulting Services, Mobile App Development, and more. The coverage includes protection for negligence, breach of warranty/contract, misrepresentation, delay in delivery, product failures, and copyright of software code. Typical Tech E&O claims scenarios that Prime Tech may assist with include technology service or product failures, defective hardware delivery, unplanned outages, software glitches leading to financial loss, and intellectual property disputes.
In addition to coverage for these scenarios, Prime Tech can also assist with defense costs, settlements, judgments, court fees, privacy breach notifications, cyber extortion, data restoration, social engineering, business interruption, system failure, and cyber crime. With Cowbell’s dedication to claims professionals, risk management services, and support teams, brokers and policyholders can count on comprehensive support throughout the policy period.
