CAC Group, a national insurance broker and advisor, announced the launch of CyberPeril Pro, a flexible cyber insurance solution aimed at closing the coverage gap in the energy and utilities sector.
“As more insurers remove ‘silent cyber’ coverage from traditional insurance products, our company’s “Customers are increasingly concerned about widening coverage gaps.”
He added: “This best-in-class solution addresses these concerns, provides access to significant capacity, and ensures cyber risk in a new way.”
CyberPeril Pro provides clients with a flexible approach to cyber coverage, avoiding reliance on exclusionary buybacks and the need to self-insure against cyber-related property and injury risks.
Customers can tailor coverage to their specific risk profile while avoiding unnecessary coverage.
Services provided include liability for accidental business interruption, system failure, cyber extortion, bodily injury to third parties due to cyber incidents, property damage to third parties, physical damage to first parties, and pollution liability. Includes comprehensive traditional cyber insurance with full limits on
“CAC Specialty’s professional and cyber solutions practice is an exciting opportunity for CAC Specialty to be able to provide the most effective solutions for our customers,” said Vannessa Smith, vice president of CAC Specialty’s professional and cyber solutions practice. Growing threat. ”
