Cowbell vs 
Relm Insurance: How Do They Compare for Crime Insurance?
Relm Insurance lists commercial crime next to digital-asset crime products and sells through brokers, with no online quote described; Cowbell's Zurich-underwritten crime module is for private companies under 250 employees and $50 million in assets, via wholesalers.
Cowbell fits smaller private companies within its employee and asset caps; Relm is more relevant when crime could involve fiat or digital assets, including flash-loan or smart-contract attacks. 1,2,3
What Are the Key Differences Between Cowbell and Relm Insurance Crime Insurance?
If your company holds digital assets or runs smart contracts, Relm discusses flash-loan attacks and oracle manipulation while Cowbell’s reviewed pages describe employee and third-party theft, fraud and embezzlement. Compare the exact agreements offered for your assets. 3 1
Traditional SME Module Versus Three Crime Products
Cowbell’s crime coverage is one Select Plus module Zurich underwrites for smaller private companies. Relm lists Commercial Crime as one of three crime products on its line-of-business page, alongside Digital Asset Crime and Smart Contract Crime. 1 2 3
Digital-Asset Risks
Relm says commercial crime addresses embezzlement, forgery and funds-transfer fraud alongside crime risks tied to digital infrastructure, and that underwriting considers flash-loan attacks that drain DeFi liquidity and oracle manipulation of smart contracts. Cowbell describes the module as protecting against theft, fraud and embezzlement by employees or third parties, without discussing digital-asset attack methods on the reviewed pages. 3 1
Channel and Appetite
Cowbell sells only through appointed Zurich E&S wholesalers via API and targets under 250 employees and under $50 million in assets, on Zurich admitted paper. Relm sells crime through insurance brokers rather than a direct online quote, says coverage is relevant for any business that holds fiat or digital assets, and does not name a specific issuing insurer on the reviewed page. 1 2 3
What Should You Confirm in Cowbell and Relm Insurance Crime Insurance Quotes?
- Ask Relm whether the quote is Commercial Crime, Digital Asset Crime, Smart Contract Crime, or a combination. 3
- Confirm Cowbell access through an appointed Zurich E&S wholesaler and your size versus its caps. 1
- Ask which entity issues Relm commercial crime versus which Zurich entity issues Select Plus. 3 2
- If you hold digital assets, ask whether those losses sit on Relm’s commercial crime form or a separate digital-assets product. 3
Cowbell vs Relm Insurance Crime Insurance Compared
Cowbell vs Relm Insurance: Crime Insurance: documented features by provider
| Criteria | Cowbell / Zurich Select Plus Crime Coverage | Relm Commercial Crime Insurance |
|---|---|---|
| Who It’s For | Cowbell targets this crime module at private companies with under 250 employees and under $50M in assets, across the same target industries listed for the broader Select Plus product. 1Company-reported. FAQ 'What size accounts are targeted?' and Target industries list. | Relm says crime coverage is relevant for any business that holds assets, whether fiat or digital, arguing that even strong security controls leave a gap the insurance can close. 3Company-reported. Crime page 'Who Needs Crime Coverage?' section; not a guarantee of eligibility for a particular company. |
| How to Apply | This crime module is accessed only by appointed Zurich E&S wholesalers through the Cowbell platform's API; it is not sold directly to businesses. 1Company-reported. FAQ 'How can I access the Zurich Select Plus management liability product through Cowbell?'. | Relm sells crime insurance coverage through insurance brokers; its reviewed pages do not describe a direct online quote. 3Company-reported. Crime page framing; consistent with Relm's broader broker-distribution model. |
| Coverage Features | Cowbell describes crime coverage as protecting against losses resulting from criminal acts such as theft, fraud, and embezzlement committed by employees or third parties. 1Company-reported. FAQ 'What is the difference between management liability and D&O?'. | Relm's commercial crime coverage addresses traditional theft such as embezzlement, forgery and funds transfer fraud, alongside crime risks tied to digital infrastructure and alternative asset models. 3Company-reported. Crime page 'What is Commercial Crime Coverage?' section; the issued policy and declarations control. Relm says its crime underwriting considers emerging attack methods such as flash-loan attacks that drain DeFi protocol liquidity and oracle manipulation that tricks smart contracts into faulty decisions, in addition to legacy fraud vulnerabilities. 3Company-reported. Crime page 'What Crime Risks Do Innovative Companies Face?' section; describes underwriting focus, not specific policy wording. |
| Role in This Line | Crime coverage is one module within Cowbell's distribution of Zurich's Select Plus management liability product; Cowbell operates the platform, Zurich underwrites the module. Zurich's own page lists 'Crime Insurance' as one of the four modules a buyer can combine. 1,2Company-reported. Management liability page intro and module list; Zurich page module-name section. | Relm lists Commercial Crime as one of three crime products (alongside Digital Asset Crime and Smart Contract Crime, covered in Relm's separate digital-assets offering record) on its crime insurance line-of-business page. 3Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement. |
