Cowbell, a prominent provider of cyber insurance for SMEs and mid-sized businesses, has launched Prime One Tech in the UK. The new offering combines cyber insurance with professional indemnity (PI) cover, designed specifically for technology-focused enterprises.
The introduction of Prime One Tech comes amid increasing demand for tailored insurance products within the UK’s growing tech sector. With cyber threats becoming more frequent and complex, and brokers seeking more holistic solutions, Cowbell is addressing a clear market need.
The company is known for its tech-driven approach to cyber insurance, using AI and data analytics to deliver flexible, intelligent coverage for businesses. Cowbell’s mission is to streamline insurance workflows, empower brokers, and enhance policyholder protection through continuous risk monitoring and automation.
Prime One Tech brings together the firm’s established cyber insurance offering, Prime One, and expanded PI coverage for technology businesses generating up to £1bn in annual revenue. With coverage limits reaching £5m, the product offers protection against a wide range of exposures, including cyber incidents, data breaches, IP issues, and breach of contract.
A key innovation in Prime One Tech is the integration of Cowbell Co-Pilot, an AI-powered assistant that helps underwriters accelerate contract reviews by as much as 40%. This boosts efficiency while maintaining a high standard of underwriting precision.
Policyholders also gain access to Cowbell’s proprietary risk platform, which includes Cowbell Factors™, a scoring model that uses data from 47m global businesses to assess cyber risk and determine competitive pricing. Cowbell Insights™ delivers ongoing security guidance, threat alerts, and tailored risk mitigation advice. Additionally, customers benefit from complimentary cybersecurity education, including phishing simulations and training modules, during the first year.
The product offers wide-ranging cover, including media liability, unpaid invoices, mitigation costs, and subcontractor risks. With no restrictions tied to business classifications, it provides adaptable and comprehensive protection for a variety of technology firms.
This launch marks Cowbell’s initial expansion beyond standalone cyber policies in the UK market. It also brings the company’s in-house claims service to British clients, ensuring responsive and expert support tailored to local needs.
Cowbell RVP, underwriting & distribution Claud Bilbao 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.”
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