Cowbell

2 items · Markets 2 · all entities

Cowbell launches a standalone AI liability policy for US small and mid-sized businesses deploying AI agents, available from January 1, 2027

Cowbell's November 10 release describes a non-admitted policy sold only through wholesale brokers, with first-party cover for AI incident response, output correction, direct transaction loss, "Runaway Cost" and "LLMjacking", and third-party cover for algorithmic discrimination, copyright or trademark infringement, bodily injury, property damage and regulatory proceedings. No limits, retentions, premiums or capacity providers are disclosed; Cowbell cites "more than 25 global (re)insurance partners". The claims scenarios in the release are illustrative. This is a carrier's own product description, not a loss or regulatory record.

Self-reported, untestedCowbell ↗ ·

Cowbell rebuilds part of its cyber-underwriting model around AI-specific risk factors

The cyber managing general agent Cowbell added three AI-specific inputs to its proprietary rating system: an AI Exposure Factor weighing how much damage an AI system could do and what actions it is permitted to take, an AI Vulnerability Factor drawn from observed performance rather than self-attestation, and an AI Assurance Factor scoring governance by observable controls. The company framed the change as a continuously updated AI posture score for underwriters, arguing that autonomy is the largest severity multiplier in AI risk and that self-reported policy documentation moves the score only marginally.

Self-reported, untestedInsurance Business (reporting Cowbell) ↗ ·