Quick Answer: Chubb vs Cowbell Cyber Insurance for Software Companies

Chubb delivers enterprise-grade cyber coverage with limits up to $25M and global incident response — expect $3,000–$8,000/yr for a mid-size software company. Cowbell uses AI-driven risk scoring for fast, affordable policies at $1,200–$4,500/yr, ideal for startups and early-stage SaaS firms.

Best carriers for software companies:

Chubb: Growth-stage and enterprise firms needing high limits and global coverage
Cowbell: Seed-stage startups wanting fast quotes and competitive pricing
Hartford: Best for bundling cyber with Tech E&O in a single policy

Compare Chubb vs Cowbell quotes for your software company →

Head-to-Head Comparison
Chubb Deep Dive
Cowbell Deep Dive
Software-Specific Cyber Risks
When to Choose Chubb vs Cowbell
Cost Comparison by Company Stage
Bundling with Tech E&O
FAQ

Head-to-Head Comparison: Chubb vs Cowbell

Feature	Chubb	Cowbell
Max Coverage Limit	$25M+	$5M
Annual Premium	$3,000–$8,000	$1,200–$4,500
Incident Response	24/7 dedicated team, global	24/7 via partner network
Ransomware Coverage	Full including payments	Full (sub-limits may apply)
Business Interruption	Up to policy limit	Up to $2M
Social Engineering	Included, up to $500K	Optional add-on
Quote Speed	5–10 business days	Minutes (AI-driven)

→ See which carrier offers you the best rate — get quotes in 60 seconds

Chubb: Enterprise-Grade Cyber Protection

Chubb is the largest publicly traded P&C insurer globally. For software companies handling sensitive data or running mission-critical SaaS platforms, Chubb offers unmatched depth.

Strengths: Coverage up to $25M+, in-house global incident response, social engineering coverage included, and regulatory defense across GDPR, CCPA, and sector-specific actions.

Weaknesses: Premiums run 2–3x higher than Cowbell, underwriting takes 5–10 business days, and minimums are a poor fit for pre-revenue startups.

→ Compare Chubb cyber insurance quotes for your software company

Cowbell: AI-Powered Cyber for Modern Tech

Cowbell launched in 2019 with a tech-first approach, using AI and continuous risk monitoring to price policies dynamically.

Strengths: AI-driven risk scoring with attack surface scanning, bindable quotes in minutes, API integration with AWS/Azure, pricing from $1,200/yr, and Cowbell Factors ratings that help lower premiums over time.

Weaknesses: Max limits cap at $5M, shorter claims track record, and some policies apply sub-limits to ransomware.

→ Get an AI-powered Cowbell quote in minutes

Software-Specific Cyber Risks You Need Covered

Code liability — A bug causing a client's data breach triggers third-party lawsuits
SaaS downtime — Business interruption coverage replaces income when your platform goes down
Third-party data breaches — Storing customer data triggers multi-jurisdiction notification requirements
IP theft — Source code exposure from espionage or insider threats requires forensic investigation coverage
Supply chain attacks — Compromised dependencies need contingent business interruption coverage

→ Find out which risks your current policy misses — compare quotes now

When to Choose Chubb vs Cowbell

Choose Chubb if: You're growth-stage or enterprise with $5M+ ARR, enterprise clients require high limits on your COI, you operate globally, or you need social engineering coverage as standard.

Choose Cowbell if: You're seed-stage or a small team under 50 employees, you want a quote in minutes, your coverage needs are under $5M, or you want AI-driven pricing tied to your security posture.

Cost Comparison by Company Stage

Company Stage	Revenue	Chubb (est.)	Cowbell (est.)
Seed / Pre-revenue	<$1M	$3,000–$4,000/yr	$1,200–$2,000/yr
Series A	$1M–$5M	$4,500–$6,000/yr	$2,000–$3,500/yr
Growth Stage	$5M–$25M	$6,000–$8,000/yr	$3,500–$4,500/yr
Enterprise	$25M+	$8,000–$15,000+/yr	May exceed max limits

→ Not sure which fits your budget? Compare both carriers side by side

Can You Bundle Cyber with Tech E&O?

Chubb offers combined Cyber + Tech E&O, but pricing is premium
Cowbell focuses on standalone cyber — you'd need separate Tech E&O
Hartford is often the best bundle option for small-to-mid-size software companies

Frequently Asked Questions

How much cyber insurance does a software company need?
Most should carry $1M–$5M. If you handle enterprise client data or operate in regulated industries, consider $5M–$10M+.

Does Cowbell cover ransomware payments?
Yes, but some policies apply sub-limits. Review your declarations page and ask about caps.

Is Chubb worth the higher premium?
For growth-stage and enterprise companies, yes. For startups under $5M ARR, Cowbell delivers better value.

What security controls lower my premium?
Both carriers reward MFA, endpoint detection (EDR), patching, encrypted backups, and security training.

Do I need cyber insurance if I have Tech E&O?
Yes. They are complementary, not interchangeable. Tech E&O covers professional mistakes. Cyber covers breaches, ransomware, and regulatory fines.

Ready to protect your software company? Compare quotes from Chubb, Cowbell, Hartford, and more — get your free quote in 60 seconds.

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