Employee identity theft insurance available for smaller employersReprints
The Hartford Steam Boiler Inspection and Insurance Co. said on Wednesday that it has extended the availability of its identity theft insurance and services to the employees of small to mid-sized businesses as a standalone policy for employers.
HSB Identity Recovery coverage pays for expenses and services to help victims restore their name and credit to pre-theft status. It is available through agents and brokers to employers who can provide identity theft coverage to employees, HSB said in a statement.
In addition to paying expenses like lost wages, child and elder care, the cost of credit reports, postage, shipping and fees, HSB Identity Recovery coverage can pay for legal fees involving civil or criminal complaints and mental health counseling related to the identity theft, according to the statement.
The policy limit is $25,000 per employee, an HSB spokesman said in an emailed statement.
“Identity theft has been a top complaint for years,” David Schraeder, HSB senior vice president said in the statement. “The risk is growing with data breaches, connected homes and smart phones being used to store and transmit sensitive information. Employers can help protect their employees and their families with the identity restoration coverage and services they need.”