Philadelphia Insurance Cos. (PHLY) has introduced its new Cyber Security Liability product tailored for small and middle-market customers.

According to the company, Cyber Security Liability offers both first- and third-party coverages in one comprehensive package and will be filed countrywide in the coming months.

Coverage parts available include loss of digital assets, non-physical business interruption, network security and privacy liability, electronic media liability and cyber extortion.

Coverage is available on a non-admitted basis currently with policy limits up to $5 million, according to the company.

“Cyber Security Liability is an important new addition to the PHLY product suite,” said Thomas R. Herendeen, the company’s vice president of management and professional liability underwriting, in a statement. “We designed the product to meet the coverage needs of accounts in the small and middle market, which we define as having up to $500 million in annual revenues. We are excited to roll this out to our producer network and our extensive base of existing and potential customers.”