Liberty Mutual Insurance Company: 30 Cool Facts

In today’s post, I am going to share 30 cool facts about Liberty Mutual Insurance Company. Researching this post was very enlightening. I learned so many cool facts I never knew about the company. I hope you enjoy them as much as I did.

Liberty Mutual Insurance Cool Facts

Top 30 Cool Facts About Liberty Mutual Insurance

Listed below are 30 cool facts about Liberty Mutual Insurance Company. These facts are listed in no particular order. Please know that the source of each fact is properly cited.

# 1 Their Original Name

Liberty Mutual started in 1912 under the name “Massachusetts Employees’ Insurance Association” (MEIA). The name was changed in 1917 to the Liberty Mutual Insurance Company, and through partnerships with other companies, they started to sell full cover car policies.

Source: Wikipedia

 # 2 The First Branch

Liberty Mutual opened its first branch office in Springfield, Massachusetts in 1914, and issued its first auto policy the same year.

Source: Encyclopedia

# 3 Worker’s Compensation Insurance

In 1936, Liberty Mutual became the Number 1 writer of workers’ compensation insurance, and in 1937, the company expanded to all 48 states.

Source: Reference for Business

# 4 Prototype Cars

Liberty Mutual started the Research Center for Safety and Health in Hopkinton, Mass., in 1954. Two prototype “survival cars” introduced new safety features in 1957, including headrests to prevent whiplash and safety belts.

Source: Bad Faith Insurance Claims

# 5 Recognition from J.D. Power & Associates

Customer Service Excellence Awardee from J.D. Power and Associates, a global marketing information services company providing performance improvement, social media and customer satisfaction insights and solutions.

Source: J.D. Power

# 6 The Types of Insurance They Offer

The company offers a wide range of insurance products and services, including personal automobile, homeowners, workers’ compensation, commercial multiple peril, commercial automobile, general liability, global specialty, group disability, fire and surety.

Source: Wikipedia

# 7 Fortune 500

Liberty Mutual Insurance Group appears in the 2008 Fortune 500 company listing. Every year Fortune the American business magazine compiles, ranks and publishes a list of the top 500 U.S. public corporations based on their gross revenue. The Top Fortune 500 Company list provides Fortune magazine readers with facts and information about the top companies and their contributions to the American economy. Companies eligible for inclusion in the Top Fortune 500 Company list are  those incorporated in the United States and whose revenues are publicly available.

Source: makingafortune

Liberty Mutual employs over 50,000 people in 30 countries

# 8 Number of Employees

The company employs over 50,000 people in more than 900 locations throughout the world.

Source: Wikipedia

# 9 The Company Headquarters

The company’s home office is in Boston, Massachusetts.

Source: Wikipedia

# 10 Olympic Sponsorship

Liberty Mutual and the United States Olympic Committee (USOC) signed a sponsorship agreement in early 2013. The Fortune 100 Corporation became a domestic sponsor of the Team USA until 2016.

Source: Tanner Simkins

 # 11 Giving Back

Liberty Mutual established Liberty Mutual Foundation in 2003.

Source: Philanthropy Massachusetts

# 12 They Only Offer Insurance

They are one of the top ten insurance companies in the entire world. This is because they have a vast array of policy types available and good customer service. Their insurance plans include both commercial and personal options. Commercial options include small business owner policies, general liability, commercial auto, and equipment coverage. Personal options include home, auto, boat, life, identity theft, and even pet insurance.

Source: Wiki.ezvid.com

Liberty Mutual auto insurance includes accident forgiveness.

# 13 Accident Forgiveness

They will not raise your rates for your first accident, even if it is your fault. You can also choose to include new car replacement. If your car is less than a year old, they will replace it with a brand new car if yours is totaled in an accident. Other optional add-ons include medical costs for passengers, better car replacement, and rental car reimbursement.

Source: Wiki.ezvid.com

# 14 Specialty Insurance Plans

Identity theft protection can be included in a home insurance policy. It will protect you if you are the victim of fraud. Benefits include reimbursement for incurred expenses. This covers things like legal fees, lost wages, loan application fees, and other costs one may experience. They also offer identity restoration assistance.

Source: Wiki.ezvid.com

# 15 Business Policies

Agriculture, construction, healthcare, financial, food service, and sports and fitness are just a few examples. They offer policies for everything from small startups to family owned businesses to fortune 500 companies. Most business owners can request assistance from one of their risk control specialists. They can make practical suggestions to help businesses mitigate the risk of potential future problems.

Source: Wiki.ezvid.com

# 16 The Company’s Blog

The company has a really cool blog consumers can check out.

It also includes coverage calculators to help you get a quote on a personal insurance policy that fits your needs. They have a coverage calculator for auto, home, and renter’s insurance. The website makes it easy to find an insurance agent in your vicinity. However, consumers should be aware that there’s been some complaints of unsatisfactory settlements and claim payouts.

Source: Wiki.ezvid.com

# 17 They Own Some Local Insurance Companies

Liberty Mutual Group owns, wholly or in part, local insurance companies in Argentina, Brazil, Chile, China (including Hong Kong), Colombia, Ecuador, India, Ireland, Malaysia, Poland, Portugal, Russia, Singapore, Spain, Thailand, Turkey, the United Kingdom, Venezuela and Vietnam.

Source: Wikipedia

# 18 The Company’s Slogan

“Responsibility. What’s your policy?”

Source: makingafortune

# 19 Mission & Vision Statement

“Helping people live safer, more secure lives.”

Source: makingafortune

In 2018 Liberty Mutual earned premiums worth approximately 37.91

# 20 They hold an “A”(Excellent) rating from A.M. Best

A rank of “A”(Excellent) from A.M. Best, the world’s oldest and most authoritative insurance rating and information source.

Source: AM Best

# 21 Top Ten Largest Auto Insurance Companies of 2019

Liberty Mutual’s auto insurance customers can add coverage for antique or classic cars, all-terrain and off-road vehicles, recreational vehicles and trailers. Liberty Mutual also sells a wide range of other coverage, including policies for homeowners and renters.

Source: nerdwallet

# 22 Funny Mascots

Humor and fictional personalities are both firsts for the insurance company.

Source: campaign

# 23 Liberty Mutual’s Global Presence

Liberty Mutual operates in 30 countries and economies around the globe

Source: AP News

# 24 Total Investments in 2019

Total invested assets as of March 31, 2019 are $78.2 Billion

Source: libertymutualgroup

# 25 Best Employers for Women

Liberty Mutual Insurance Named one of the Best Employers for Women in 2018 by Forbes Magazine.

Source: MarketWatch

# 26 Liberty Mutual Benefits

There are many benefits with Liberty Mutual Insurance most of them revolve around the accident and what benefits you would reap. This is so during the claims process you incurred the least amount of expenses on your end.

Source: The Insurance Hackers

 # 27 Discounts

Liberty Mutual gives newly retired drivers a discount, and Farmers offers policyholders in Arizona a break on their auto premiums if they’re 55 or older and live in a retirement community.

Source: MoneyWise

# 28 Insurance Bundles

Liberty Mutual really does put all their information upfront, to help you do everything you need with as much ease as possible.

Source: money under 30

# 29 MasterThis Platform

Liberty Mutual Insurance teamed up with HowStuffWorks®, an award-winning source of unbiased, reliable, easy-to-understand answers and explanations, to develop a new go-to online platform, MasterThisTM. The site features exclusive content by HowStuffWorks and helps home and auto owners address immediate needs by providing the tools and know-how to fully master a topic so they can tackle those challenges with greater confidence.

Source: PR Newswire

# 30 A Great Employer for Millennials

LMI is the fourth largest employer in the financial and insurance sector, regularly hiring close to 500 interns each semester — 100 percent of which are paid internships — and offering full-time job offers to 60 percent of those interns

Source: Bentley University

Final Thoughts

There you have it folks. These are 30 cool facts about Liberty Mutual Insurance Company. Which one of these facts is your favorite and why? Leave a comment below to let me know what you think. I look forward to hearing from you.

5 thoughts on “Liberty Mutual Insurance Company: 30 Cool Facts

  1. thejimb2

    Wow. A 1,000 word commercial for an insurance company, but it held my interest all the way through. The writing is crisp and not overly long. Great choice of items for the list, some providing information about their products, some historical, some describing their corporate culture, their ratings and their work environment. And very humorous. 

    All each footnoted with a source. That’s rare on weblogs. Altogether very impressive.

    How about adding a picture of the funny mascot?

    Reply
    1. admin Post author

      Thanks for the comment. The pictures are coming soon. It’s definitely NOT an advertisement. I’m sharing cool facts about every insurance company on this blog, plus tips on insurance claims. Thanks for stopping by. 

      Reply
  2. Stella

    These facts and stats about Liberty Mutual Insurance Company are absolutely amazing. Many insurance companies find it very difficult to stay in business for the long haul, and end up going bankrupt and liquidating their assets. It’s cool they have been in business so many years and have such a great reputation. 

    Reply
  3. MissusB

    Liberty Mutual Insurance Company poses a strong position in the line of insurance business. You can even customize your coverage as you shop for your preferred insurance policy. Since they have been in the industry for a long time having a wide array of options for personal, company or business, I think it’s a perfect choice among established insurance companies. 

    What really caught my attention is fact no. 24 with LMIC having invested $78.2 billion, which encompasses all other facts. Because they are prioritizing and giving importance to its members’ needs, it reflects how well they assist their people through insurance.This explains why they have huge number of clients they attain and retain. 

    Reply
  4. Arron

    This is actually who I have for my insurance, although I never knew that much about them.You really did your homework. Thanks for the great information. 

    For anyone looking for insurance, I would recommend Liberty Mutual. They are great, and filing claims with this company is simple. 

    We get a lot of storms here. I had a huge tree branch fall through my window last year. They got me fixed up in no time. 

    And, they really mean it with the accident forgiveness, at least from my viewpoint seeing as how my rates were never increased after I filed my claim. 

    Again thanks for the awesome article and fun read!!! Next time I talk to my agent I’m going to ask him if he knows the name the company he works for started under and see what he says.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *