Cowbell Prime One
Cowbell Prime One is a cyber insurance product underwritten by Cowbell (Australia) (Cowbell Cyber Inc. (USA)), available in Australia. It is aimed at small and medium-sized businesses. Coverage limits reach up to Bespoke per risk; SME limits.. The policy extends beyond standard cyber liability with Cyber crime / FTF. Policyholders get 7 bundled proactive services — Penetration testing, Training & awareness, Risk assessment and Incident response, among others — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A+ (Superior) – AM Best. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Cowbell Australia: AI-native cyber MGA operating in Australian market; Cowbell Factors™ continuous risk scoring; closed-loop risk management platform.
- Cowbell Prime One (AU): standalone cyber insurance programme for SMEs; annual turnover up to AUD 100M; written on Zurich Australian Insurance Ltd paper.
- Coverages: ransomware, business interruption, data breach, network security liability, privacy liability, cyber extortion, data recovery, social engineering/FTF.
- Broad sector appetite: accounting, construction, entertainment, financial services, healthcare, hospitality, insurance, law, manufacturing, medical/dental, not-for-profit, professional services, retail/e-commerce, transport, wholesale.
- AU Resiliency Services (complimentary): Cowbell Insights, Cybersecurity Awareness Training (Wizer, unlimited seats first 12 months), Micro-Penetration Testing, Rx Marketplace.
- AU subscription add-ons: COMPaaS (Compliance as a Service), full Penetration Testing, Cybersecurity Awareness Training, Vendor Risk Assessment (VRA).
- Cowbell Factors™ risk ratings; 24/7 in-house claims specialists; API-based quoting.
Limitations
- Broker-only distribution in Australia.
- SME-focused; turnover up to AUD 100M.
- Written on Zurich Australian Insurance Ltd paper.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is Cowbell Prime One designed for?
Cowbell Prime One by Cowbell (Australia) targets small and medium-sized businesses in Australia. Geographic scope: Australia..
+What proactive security services are included with Cowbell Prime One?
The policy bundles 7 proactive services: Penetration testing, Training & awareness, Risk assessment, Incident response, Risk platform / portal, Pre-breach advisory and 3rd party risk assessment. These preventive services are typically included in the premium.
+Does Cowbell Prime One help with NIS2 or DORA compliance?
Cowbell (Australia) indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy Cowbell Prime One in Australia?
Cowbell Prime One is sold through insurance brokers — broker contact: https://console.cowbell.au/login. Compare it with alternatives in Australia on Ryskly before approaching a broker.