Safeco Insurance launches personal cyber coverage for home insurance customers

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The industry’s most comprehensive personal cyber product combines loss coverage and proactive monitoring

BOSTON, September 20, 2022 /PRNewswire/ — Safeco Insurance, a Liberty Mutual company, has launched a new personal cyber coverage endorsement for Safeco Home policyholders. Safeco Cyber ​​Protection, available in 24 states, includes a suite of innovative coverages and services designed to protect owners against today’s most pressing cyber threats such as identity theft, online fraud, cyber extortion , cyberattacks, data breaches and cyberbullying. The most comprehensive personal cyber product on the insurance market, the endorsement provides coverage for losses and expenses while providing the services needed to restore and recover from crime.

According to the FBI’s 2021 Internet Crime Report, cybercrime complaints to the FBI continue to rise, resulting in billions of dollars in losses each year. The report indicates a 64% increase in reported casualties from 2020 to 2021, representing more than 800,000 complaints to the FBI’s Internet Crime Complaint Center.

“Agents are always looking for innovative ways to provide peace of mind to their customers and this new cyber cover provides protection against a growing threat,” said Liberty Mutual Director of Product Solutions, Global Retail Markets. US, Nathanael Curtis. “Safeco is the first insurer to offer proactive credit and identity monitoring services with comprehensive cyber insurance at an incredibly competitive price.”

As part of the approval, Safeco also provides customers with expert-level case management and advice from a dedicated team of cyber exposure specialists. Approval includes proactive and comprehensive credit monitoring and extensive web monitoring for sensitive information that may be offered for sale.

Safeco products are available through a network of independent agents across United States. Safeco Cyber ​​Protection endorsement is now available in Ala., Ark., Colorado, Ill., Ind., IowaKan., Ky., Md., Mich., Minn., Mo., Mont., Nevada, NM, OhioOkla., Oregon, Pennsylvania, RI, Tennessee, Texas, Utahand Wis. The cost of coverage varies by state, from $52 one year for $25,000 protection per policy period, with higher limits available. The company plans to introduce approval in other states in 2022 and 2023.

About Safeco Insurance

In business since 1923, Safeco Insurance sells auto, home and specialty insurance products through a network of more than 10,000 independent insurance agencies across United States. Safeco works hard to be the independent agent carrier champion. In a 2022 survey by Channel Harvest, independent agents named Safeco the carrier that is doing more than the others to support overall agency growth. Safeco is a Liberty Mutual insurance company, based in BostonMass.

For more information on Safeco Insurance, visit www.safeco.com.

About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel safe. By providing protection against the unexpected and delivering it with care, we help people embrace today and confidently pursue the future.

In business since 1912 and headquartered in Bostonwe are now the sixth largest global P&C insurer based on 2020 gross written premiums. We also rank 78th on the Fortune 100 list of largest companies in the United States based on 2021 revenues . From December 31, 2021we have had $48.2 billion of consolidated annual turnover.

We employ more than 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal auto, homeowners, specialty lines, reinsurance, commercial multi-peril, workers’ compensation, commercial auto, liability general liability, surety and commercial property.

For more information, visit www.libertymutualinsurance.com.

Contact: [email protected]

SOURCE Liberty Mutual Insurance

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