GCube Rolls Out Cyber Risk Policy For Renewables

GCube, a provider of renewable energy insurance services, has launched a new cyber risk policy. The product is designed to cover the specific cyber exposures of renewable energy asset owners. Unlike more conventional cyber insurance products in the market, which focus on data breaches relating to personal information, the company says, the solution covers owners and operators in any circumstance where the ability to generate power and the associated revenue is impacted by a cyber attack on proprietary or third-party IT or OT (operational technology) systems. In practice, this means it provides cover for the loss of revenue and incidental expenses incurred in a range of circumstances, including non-damage events; digital asset destruction, including loss of use or theft of import SCADA data; reputational harm; and cyber extortion.