PriyaPatel
TLDR:
- Cowbell Prime Tech offers technology E&O and cyber insurance products in the USA and UK.
- Prime Tech combines robust cyber coverage and Technology E&O on a single form.
Cowbell Prime Tech provides businesses with limits up to $5 million for companies with up to $250 million in revenue. This product combines Cowbell’s Prime 250 primary cyber coverage offering with Technology E&O on a single form, which was previously only available on an excess basis. The aim is to offer a more customized approach to underwriting and coverage with the help of Cowbell’s new AI-driven assistive underwriting tool called Cowbell Copilot.
Businesses can benefit from Cowbell’s claims professionals, risk management services, and dedicated support teams with every policy purchased. Prime Tech is available for technology business SMEs with up to $250 million in revenue, and the preferred appetite includes a variety of technology-related sectors such as AV/Video Services, Data Analytics, IT Consulting Services, and more.
Typical Tech E&O claims scenarios that Prime Tech may assist with include negligence, breach of warranty/contract, misrepresentation, delay in delivery, product failures, and copyright of software code. In addition to covering defense costs, settlements or judgments, court fees, privacy breach notifications, cyber extortion, data restoration, social engineering, business interruption, system failure, and cybercrime.
Overall, Cowbell Prime Tech aims to provide comprehensive coverage and services for technology businesses, combining cyber insurance and Technology E&O to meet the needs of businesses in the USA and UK.
Key Takeaways:
- Prime Tech offers up to $5 million in coverage for businesses with revenues up to $250 million.
- It combines cyber coverage and Technology E&O on a single form for a more customized approach.
