McGill and Partners has launched a cyber security insurance solution tailored to the battery energy storage systems market.

The new solution includes bespoke terms and definitions aligned with the specific technologies used in the BESS market, as well as physical damage protection for projects and associated assets resulting from cyber attacks, and business interruption resulting from cyber incidents or technical failures. Access to a dedicated emergency response team is also available to help minimise operational disruptions following a breach.

The energy sector's critical role in global infrastructure makes it an increasing target for cyber threats. As reliance on interconnected systems grows, so do the risks, with threat actors often exploiting operational dependencies and vital infrastructure.

Tom Dryden, partner in McGill and Partners’ cyber division, said the firm is witnessing rising demand from clients for such industry-specific coverage.

“Cyber incidents and technical issues at battery energy storage systems are becoming increasingly relevant as these systems become more integrated into global critical infrastructure and smart grids,” he added.

Cover is provided by Lloyd’s.

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