Safety National, a member of the Tokio Marine Group, has begun offering a variety of cyber risk insurance products.

Safety National said in a statement that its coverage options included liability, business interruption, reputational harm, regulatory defense, penalties, data restoration, and extortion.

“Cyber crime has evolved into one of the top threats to an organization's reputation, cash flow, and balance sheet,” said Mark Wilhelm, the chief executive officer of Safety National. “As a market leader, we knew we had to develop an industry leading product and align it with our proven commitment to our insureds and broker partners.”

Spencer Timmel, the national director of cyber and technology insurance for Safety National, added, “We are extremely proud of our new cyber risk insurance offerings. Our product and strategy is designed to equip companies with the proper tools to mitigate their cyber security risks and address cyber security incidents. This is paired with Safety National's relationship-based approach to business and superior customer service that our insureds and broker partners have come to trust over the last 75 years. We are committed to this line of business and our policyholders for the long term.”