CyberGuide - Information Security and Cyber Risk Management

Safety National

Spencer Timmel
1832 Schuetz Rd
St Louis, MO 63146
513.298.5171
Spencer.timmel@safetynational.com


About Safety National:

Safety National entered the cyber insurance marketplace in 2017 with an industry-leading product and strategy designed to equip companies with the proper tools to mitigate their cyber security risks. This is a reflection of a proven commitment to their insureds and broker partners. As a member of the Tokio Marine Group and rated A+ (Superior), FSC XV by A.M. Best, Safety National exhibits the kind of stability and longevity that business partners can rely on for decades to come. Established in 1942, the company’s loyalty and commitment to superior service has resulted in a steady reputation as a proven, unfailing source for specialized insurance solutions.

  • Coverage options address various risks ranging from liability, business interruption, reputational harm, penalties and more.
  • A flat organizational structure allows underwriting and claims decisions to be made quickly and thoughtfully.
  • Unwavering commitment to the long-term in product and appetite.
  • Promotes client preparedness and response through a network of established cyber risk vendors.

Learn more at www.safetynational.com.

Survey Answers

Target Client Size
more than $500M
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, Continental Europe, Mexico, United Kingdom, Asia, South America, Africa, Australia/New Zealand
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
2017
What are your company’s cyber insurance direct written premiums?
Did not answer
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
Standalone - 90-99% | Endorsement - 1-10%
What percentage of your cyber book of business is primary and excess?
Primary - 1-10% | Excess - 90-99%
How many dedicated cyber insurance underwriters of standalone does your company have?
While currently a small team, Safety National continues to invest in underwriting staff based on core values of relationships, integrity, teamwork, balance and stability.
How many cyber-related claims did your company handle in 2019?
Did not respond
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Standalone - 90-99% | Other lines - 1-10%