What Are the Key Differences Between Cowbell and Embroker Tech E&O Insurance?
Online Purchase Under $300 Million vs Agent-Sold Cover up to $1 Billion
Both combine Tech E&O and cyber in one policy with primary limits up to $5 million. Embroker sells its blend directly and through Embroker Access brokers to private, for-profit tech companies under $300 million in revenue, requires multi-factor authentication above $5 million in revenue, and excludes crypto, blockchain and cannabis. Cowbell sells Prime Tech only through agents, as surplus lines (fewer state protections) in all 50 states, to tech businesses with up to $1 billion in revenue. Choose Embroker if you're under $300 million and want to buy online; choose Cowbell if you're larger or need more than $5 million in total from one insurer. [4] [6] [5]
Stackable Excess vs Excess That Can't Sit on Its Own Primary
Cowbell's Prime Tech Plus adds up to $5 million of follow-form excess above an underlying primary Tech E&O and cyber policy. Embroker's excess can't sit above an Embroker primary, so if you buy Embroker's primary, your excess must come from another insurer. Embroker publishes named sub-limits; Cowbell doesn't break them out. [4] [3] [6] [5]
Software Copyright Cover vs Conflicting IP Statements
Cowbell lists software copyright disputes among Prime Tech coverages. Embroker's retail page lists copyright and IP infringement as excluded, while its broker program lists software code infringement as included. If IP claims worry you, get Embroker's actual form. [6] [5] [4]
What Should You Confirm in Cowbell and Embroker Tech E&O Insurance Quotes?
- If you need excess over an Embroker primary, ask which other insurer would provide it, or compare Cowbell's primary-plus-excess option. [6] [3]
- Ask Embroker to show whether software code infringement is covered on your form. [6] [5]
- Ask both which insurer issues the policy; neither names one. [4] [6]
- Check your revenue, MFA and industry against Embroker's rules and Cowbell's $1 billion ceiling. [5] [4]