Passion has its benefits. At Liberty Mutual, we value your hard work, integrity and commitment to make things better. And it is our privilege to offer you benefits that support your life and well-being. Our benefits program includes:
- Health Savings Account (HSA)
- Disability Insurance (both short- and long-term)
- Life Insurance (for you and your family)
- Accidental Death and Dismemberment Insurance
- Flexible Spending Accounts
- Employee Assistance Plan (EAP), including dependent care resources
- Retirement Benefit (pension) Plan
- 401(k) Savings Plan with Company Match
- Other valuable benefits
The Liberty Mutual Health Plan provides you with health benefits options that are affordable, accessible, and aligned to your unique needs.
Health Savings Account (HSA)
A health savings account (HSA) is a tax-advantaged account that can be used for qualified health care expenses (e.g., medical, prescription drug, dental and vision care). Participants who are enrolled in our Consumer Directed Health Plan options and meet the eligibility requirements can enroll in an HSA and receive an annual contribution from Liberty. You can also make before-tax contributions through payroll deductions.
We offer a comprehensive dental plan with a choice of two options.
Vision Care Coverage
Whether you need an eye exam or laser vision correction, the Vision Care Plan offers you an array of covered services and eye care products.
At Liberty Mutual, performance and pay are reviewed annually. Our compensation program is designed to deliver above-market pay if you perform well and significantly above that if you demonstrate exceptional performance over time.
Short-term Incentive Award
Because we believe in sharing our success with those who make it possible, your total compensation package goes beyond your base salary. It also includes participation in a short-term incentive plan, or a commission plan for employees in sales positions. Our short-term incentive plans are designed to pay you competitively and fairly based on your individual performance and our business results, which together add up to form your short-term incentive award. Eligibility varies by position and is subject to the terms of the plan that applies to your role.
Liberty Mutual provides you with two important ways to accumulate financial resources for the future, a 401(k) plan and a pension plan. Through the pension plan, Liberty Mutual provides you with a monthly pay credit equal to 5% of your monthly eligible compensation, plus monthly interest credits. You can also participate in our 401(k) plan, which offers a guaranteed company match of $0.50 for each dollar you contribute, up to 8% of your eligible pay.
Take courses, earn a degree, and advance your career. Liberty makes it easy with our tuition reimbursement plan. With your manager's approval, the plan reimburses you 100% of the cost for undergraduate and graduate courses. You're eligible for the plan once you've been a full-time Liberty Mutual employee for at least one year.
Short-Term Disability Insurance (STD)
Short-Term disability insurance is invaluable if you become sick or disabled and aren't able to work for a short period of time. Liberty Mutual's Short-Term Disability (STD) Plan gives you eight weeks of STD at 100 percent of pay, then 70 percent thereafter for up to 6 months. This benefit is 100% paid for by Liberty Mutual.
Long-Term Disability Insurance (LTD)
Eligible employees who are scheduled and working 30 or more hours per week participate in the Liberty Mutual Long-Term Disability (LTD) Plan. Employees can choose among 40, 50 and 60 percent coverage, and if you need the benefit, the payments are not taxed.
Employee Life Insurance
Life insurance can be a very important component of your financial plan-especially if someone relies on you financially. The Liberty Mutual Employee Life Insurance Plan provides eligible employees with many coverage options, including options that do not require evidence of insurance for new hires.
Accidental Death & Dismemberment (AD&D)
Liberty Mutual's AD&D Plan provides optional coverage for accidents resulting in death or dismemberment.
Flexible Work Arrangements
We put people first by supporting the evolving needs of our employees through flexible work arrangements to balance work and personal lives.
We believe it is important to provide you with time off for relaxation, recreation, or to attend to other personal needs. We provide time off through flexible time off, and 12 holidays per year, consisting of core, local, and/or personal holidays. We provide special time off for other life events such as bereavement and jury duty and offer a number of other paid and unpaid leaves of absence, such as parental leave, disability leave, military leave, family/medical leave, and personal leave.
Liberty Mutual offers several programs to motivate and support a happy, healthy you. This includes apps for building resilience, tracking sleep, managing nutrition, balancing finances and more.
Employee Assistance Plan (EAP)
Liberty’s mental well-being benefit and Employee Assistance Program helps connect employees with local therapists, licensed Care Navigators and access work-life services, all at no cost.
Adoption and Surrogacy Assistance Plans
Under the Liberty Mutual Adoption and Surrogacy Assistance Plans, you may receive reimbursement of up to $40,000 for eligible adoption or surrogacy related expenses. We also provide access to fertility education tools to help employees learn about and understand their fertility options.
Liberty provides benefits and programs to support employees in managing family needs, including a digital platform that offers resources for finding, vetting and managing caregivers, access to specialized senior care concierge services and more. Liberty also provides access to fertility education tools to help employees learn about and understand their fertility options
Dependent Life Insurance
Liberty Mutual Dependent Life Insurance offers four levels of life insurance coverage for an employee's spouse/domestic partner and three levels of coverage for dependent children.
Flexible Spending Accounts (FSAs)
Liberty Mutual offers two Flexible Spending Accounts, a Health Care FSA and Dependent Care FSA. These plans allow you to pay for eligible expenses on a before tax basis.
myConcierge is a personal concierge service available to support your travel and lifestyle needs. Liberty Mutual provides myConcierge at no cost to employees regularly scheduled to work 20 or more hours per week. You pay for any services or products that are arranged per your request.
Employee Recognition & Appreciation
We believe in recognizing and appreciating each other for the energy, effort, pride and passion we bring to work every day. “Shine," our employee recognition program, is just one of the multiple ways we accomplish this. Through Shine, you will have the opportunity to give and receive eCards and points, which can be redeemed for thousands of awards of your choosing.
Liberty Mutual Marketplace
Liberty Mutual Marketplace is a free program that provides employee pricing and convenience for employees regularly scheduled to work 20 or more hours per week. Liberty Mutual Marketplace helps you save with employee pricing on electronics, automobiles, gym discounts, movie tickets or almost anything else.