Wedoany.com Report-Oct 23, CAC Group, a national insurance broker and advisor, has announced the launch of CyberPeril Pro, a flexible cyber insurance solution aimed at closing coverage gaps in the energy and utility sectors.

Adam Lantrip, Executive Vice President, Professional & Cyber Solutions Practice Leader at CAC Specialty, explained, “As more carriers eliminate ‘silent cyber’ coverage from traditional insurance products, our clients are increasingly concerned about growing coverage gaps.”

He added, “This best-in-class solution helps solve those concerns, providing access to substantial capacity and insuring cyber risk in new ways.”

CyberPeril Pro offers clients a flexible approach to cyber coverage, avoiding reliance on exclusion buybacks or the need to self-insure against cyber-related property and casualty risks.

Clients can tailor their coverage to match their specific risk profiles, avoiding unnecessary coverage.

Offerings include comprehensive traditional cyber insurance, with full limits for contingent business interruption, system failure, cyber extortion, third-party bodily injury due to a cyber incident, third-party property damage, first-party physical damage, and pollution legal liability.

Vannessa Smith, Vice President, Professional & Cyber Solutions Practice at CAC Specialty, noted, “By developing a customisable solution that addresses cyber risks head-on, we’re providing each of our clients with better and smarter tools to safeguard their operations against the growing threat.”