McGill & Associates Introduces Innovative BESS System in the Market
## McGill and Partners Introduce Cybersecurity Insurance Solution for Battery Energy Storage Systems
McGill and Partners, a leading insurance and reinsurance broker, have announced a new cybersecurity insurance product specifically designed for the Battery Energy Storage Systems (BESS) sector. This innovative solution aims to mitigate the growing cyber risks associated with the increased digitization and interconnectivity of battery storage systems within the energy industry.
The insurance offering is tailored to protect BESS operators against a variety of cyber threats that could disrupt operations, compromise data, or lead to financial losses. Recognizing the unique risks of energy storage systems, the product aims to fill a gap in the market where traditional cyber insurance may not be sufficient.
The launch of this solution responds to the energy sector's rapid digital transformation, which has exposed BESS to higher cyber risk profiles. McGill and Partners' cybersecurity insurance solution is designed to address these challenges and support the resilience and continued expansion of clean energy infrastructure.
Key features of the offering include sector-specific coverage, physical damage protection for projects and associated assets resulting from cyber attacks, and cover for increased regulatory costs as a result of compliance with evolving cybersecurity and resiliency standards.
The product was announced on June 17, 2025, making McGill and Partners one of the first major brokers to introduce a cyber insurance offering explicitly developed for the BESS market. This positions the company as a pioneer in addressing the cybersecurity needs of this rapidly growing segment of the renewable energy industry.
While specific policy terms, coverage limits, and pricing information are not currently available, direct contact with McGill and Partners would be necessary for detailed underwriting criteria or policy structures.
In addition to this new offering, McGill and Partners have been working closely with clients to identify potential loss scenarios and develop comprehensive, tailored coverage. This approach ensures that clients benefit from physical damage protection and cover for business interruptions resulting from cyber incidents or technical failures.
The unique challenges of the battery energy storage sector continue to be addressed by McGill and Partners' cybersecurity insurance solution, positioning the company as a valuable partner in the ongoing effort to secure the future of renewable energy.
- In the rapidly transforming energy industry, McGill and Partners' newly introduced cybersecurity insurance product specifically addresses the growing cyber risks for Battery Energy Storage Systems (BESS), offered as a specialty insurance to protect operators from cyber threats and financial losses.
- To cater to the unique risks of energy storage systems, McGill and Partners' solution includes features such as sector-specific coverage, protection for physical damage from cyber attacks, and coverage for increased regulatory costs due to compliance with evolving cybersecurity and resiliency standards.
- Recognizing the need for tailored insurance solutions for the renewable energy sector, McGill and Partners' innovation aims to fill a gap in the market where traditional cyber insurance may not be sufficient, thus supporting the resilience and continued expansion of clean energy infrastructure.
- By being one of the first major brokers to introduce a cyber insurance offering exclusively for the BESS market, McGill and Partners positions itself as a pioneer in the industry, addressing the cybersecurity needs of this growing sector and securing the future of renewable energy.
