June 20, 2025: Speciality insurer broker McGill and Partners has launched a cybersecurity insurance policy tailor-made for challenges faced by the BESS market.

The UK-based international company said battery storage installations are becoming an increasing target for cyber threats as reliance on interconnected power systems grows.

The new insurance policy, with cover provided by certain Lloyd’s underwriters, offers physical damage protection as well as cover for business interruptions resulting from cyber incidents or technical failures.

In addition, customers receive access to a dedicated emergency response team to help minimize operational disruptions following a breach.
McGill said the cover is flexible, sector-specific, and offers robust protection to safeguard operations.

The policy also extends to cover increased regulatory costs as a result of the compliance required to meet evolving cybersecurity and resiliency standards.

McGill partner for cyber, Tom Dryden, said the company was 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.”