American International Group, Inc., has launched CyberEdge Plus, a standalone policy that, it said, was specifically designed to provide clients with primary insurance protection for a range of cyber risks, including property damage, bodily injury, business interruption, and product liability.

“Cyber is a peril. It can no longer be considered a risk covered by a traditional network security insurance product,” said Tracie Grella, the global head of cyber risk insurance at AIG. “Companies in all industries need access to coverage for property and liability exposures that come with cyber connectivity, and they need that coverage to start at the primary level.”

As part of its cyber insurance coverage, AIG added, it offers risk mitigation through a number of cyber specialists that can offer clients independent analysis of their cyber-related exposures and related coverage, as well as assistance with employee training, compliance, threat intelligence, and incident response planning, among other client risk services.