Cowbell Cyber launches new insurance for advanced digital risks

Cowbell Cyber Inc. has launched Cowbell Prime One, a new non-admitted cyber insurance product in the U.S. market. This product is specifically designed for organizations with advanced digital risk profiles and annual revenues ranging from $250 million to $1 billion, as reported by Silicon Angle.

Cowbell Prime One offers up to $10 million in coverage, including affirmative coverage for artificial intelligence-related incidents and quantum computing risks. The policy addresses exposures from cloud-based systems, third-party vendors, financial transactions, and sensitive data. It features a modernized framework to reflect the impact of emerging technologies on system dependencies and decision-making.

Coverage includes cybercrime, business interruption, system failure, data restoration, and third-party liability, with specialized protections for biometric data exposure and cyber-enabled tangible property loss.

Source: Silicon Angle