Liberty Mutual Insurance Group’s Liberty Mutual Surety has started offering its business service bonds coverage through insurtech CyberPolicy, the insurer said in a statement Tuesday.
Small businesses purchase business service bonds to protect their customers from dishonest acts such as theft, larceny or fraud committed by employees at a customer’s premises, Liberty Mutual said in a statement.
Business service bonds are typically required for industries such as janitorial and cleaning services, appliance repair, pest control, and lawn and gardening, the Boston-based insurer said.
Bonds with limits of $5,000, $10,000, $25,000, $50,000 and $100,000 are available, Liberty Mutual said.
Additional surety products, such as Employee Retirement Income Security Act, notary, and license and permit bonds will be made available on CyberPolicy.com in the coming year, Liberty Mutual said.
