Cybersecurity insurance provider Cowbell Cyber Inc. today announced the U.S. launch of Cowbell Prime One, a new non-admitted cyber insurance product that is designed for organizations with advanced digital risk profiles and annual revenue between $250 million and $1 billion.

The new insurance product offers coverage of up to $10 million in limits and introduces affirmative coverage for artificial intelligence-related incidents and quantum computing risks. Those are two of what Cowbell rightly says are the most rapidly evolving and least understood threats facing businesses today.

Cowbell Prime One has been created for organizations with complex, digitally dependent operations and addresses exposures spanning cloud-based and interconnected systems, third-party vendors, financial transactions and sensitive data environments.

The offering also includes a modernized policy framework that reflects how emerging technologies are reshaping system dependencies and decision-making while offering a broad range of coverage, including cybercrime, business interruption, system failure, data restoration and third-party liability. Coverage also extends to specialized protections such as biometric data exposure, wrongful collection, and cyber-enabled tangible property loss.

According to Cowbell, a key differentiator of Prime One compared to existing insurance offerings is its forward-looking approach to quantum computing risk, including coverage for potential encryption vulnerabilities and the compromise of encrypted data as quantum capabilities evolve. Quantum computing is widely expected to challenge current encryption standards, with companies including Google LLC and Cloudflare Inc. recently announcing that they were moving their post-quantum cryptography efforts forward as the technology continues to rapidly advance.

Prime One also provides coverage for AI-related incidents, including risks arising from the unauthorized use of or access to AI systems in business operations.

The launch builds on Cowbell’s experience delivering similar solutions internationally, where collaboration with global specialty reinsurance company Chaucer Insurance Co. DAC has supported the development of advanced cyber coverage tailored to complex risks. Prime One adapts those learnings for the U.S. market by aligning coverage with the needs of larger, digitally dependent organizations.

“Prime One represents a significant step forward in how we serve the midmarket segment,” said Simon Hughes, chief commercial officer at Cowbell. “We are bringing together sophisticated coverage, underwriting discipline, and distribution tailored to risks typically managed by national retailers. This allows us to meet the needs of larger organizations that require both flexibility and depth in their cyber insurance programs.”

Photo: Cowbell