Cowbell launches professional indemnity offering for UK tech firms

Cowbell, a provider of cyber insurance for small and medium-sized enterprises and middle-market businesses, announced the UK launch of Prime One Tech; professional indemnity and cyber coverage for technology companies with up to £1 billion in annual turnover, providing limits of up to £5 million.

Prime One Tech combines Cowbell’s flagship Prime One cyber program with specialized PI technology coverage. It is enhanced by Cowbell Co-Pilot, a Generative AI-powered tool that streamlines underwriting workflows, reducing contract review time by up to 40%.

Key features include: coverage for professional indemnity, cyber crime, loss of data or documents, breach of contract, intellectual property infringement, subcontractors, cyber first and third party, media liability, mitigation costs, and unpaid invoices.

This new coverage marks the company’s first move beyond standalone cyber insurance in the UK.

“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.” – Claud Bilbao, RVP, Underwriting & Distribution at Cowbell UK.