Exclusive offering reaffirms CAC Group’s commitment to delivering cutting-edge specialty risk solutions
CAC Group, a leading insurance broker and advisor, today announced the launch of CyberPeril Pro, a flexible cyber insurance solution designed to address coverage gaps within the energy and utility industries.
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“As more carriers eliminate ‘silent cyber’ coverage from traditional insurance products, our clients are increasingly concerned about growing coverage gaps,” said Adam Lantrip, Executive Vice President, Professional & Cyber Solutions Practice Leader at CAC Specialty. “This best-in-class solution helps solve those concerns, providing access to substantial capacity and insuring cyber risk in new ways.”
CyberPeril Pro addresses cyber as a peril, providing clients with the most flexible approach to affirmative cyber coverage without having to rely on a patchwork of exclusion buybacks or the need to self-insure cyber losses for property and casualty risks. Clients can choose which coverage to purchase, eliminating unneeded coverage based on their unique risk profile. Offerings include:
— Broad traditional cyber insurance, including full limits for contingent business interruption, system failure and cyber extortion
— Third-party bodily injury due to a cyber incident
— Third-party property damage due to a cyber incident
— First-party physical damage due to a cyber incident
— Pollution legal liability due to a cyber incident
“By developing a customizable 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,” added Vannessa Smith, Vice President, Professional & Cyber Solutions Practice at CAC Specialty.
About CAC GroupCAC Group is a leading insurance broker and advisor that provides expertise and placement capabilities across the spectrum of insurance and capital markets. The entity comprises CAC Specialty, an industry-leading specialty broker, CAC Agency, a P&C personal lines and employee benefits broker, and CAC Capital, a structured solutions group that specializes in the convergence of insurance and capital markets. Collectively, CAC Group serves large corporations, small-to-medium enterprises, as well as individuals. It is an employee-owned company and ranked in the top 40 of all U.S. brokerage firms. For more information, please visit us at cacgroup.com.
Media Contact:Becca Shpektor508.654.5197becca.shpektor@kemperlesnik.com
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SOURCE CAC Group
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