McGill and Partners, a specialist insurance and reinsurance broker, has announced the launch of a new cybersecurity insurance solution tailored to the Battery Energy Storage Systems (BESS) sector.
With growing digitisation across the energy industry, battery storage systems have become increasingly vulnerable to cyber threats.
As these systems become more interconnected and essential to energy infrastructure, they are an attractive target for malicious actors.
In recognition of these risks, McGill and Partners has developed a policy that directly addresses the operational and technological challenges unique to this market.
Unlike generic cybersecurity products, this new offering is purpose-built for BESS operators. The coverage reflects real-world risk scenarios, informed by close collaboration with clients in the sector.
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It includes protection for physical assets damaged by cyber attacks, and responds to the specific configurations and technologies used within battery storage projects. The policy also provides for business interruption losses stemming from cyber incidents or technical system failures, helping clients recover more quickly and maintain continuity.
Importantly, the solution incorporates terms and conditions aligned with evolving regulatory frameworks, ensuring that clients are supported as standards tighten around cybersecurity and system resilience.
In the event of a breach, insureds have access to a dedicated emergency response team, further reinforcing their ability to limit disruption and restore operations swiftly.
Underwritten by select Lloyd’s insurers, this new solution demonstrates McGill and Partners’ commitment to offering targeted protection for emerging technologies and critical energy infrastructure.
Tom Dryden, Partner – Cyber, McGill and Partners, said: “As the cyber threat landscape continues to evolve, we are seeing greater demand from clients for 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.”
“At McGill and Partners, we work across different specialties, which enables us to develop tailored solutions that reflect the real-world exposures our clients face. We’re proud to develop a solution for a sector that plays a critical part in the energy transition, ensuring our clients are appropriately protected not just against financial losses from a cyber incident but are also equipped to respond decisively in moments of crisis.”
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