#United States #Security Guards #Petaluma #Tangram Insurance #Accelerant

Tangram's New Insurance Program for Security Guards

Tangram Insurance Services, Inc., a noted managing general agency specializing in niche markets, has recently revealed a multi-line insurance program designed specifically for the security guard industry. This new program comes as a response to the unique insurance needs within this sector and aims to bolster both liability and workers' compensation options for firms operating in this space.

Implemented in collaboration with Accelerant Risk Exchange and Service Insurance Companies, the initiative reflects Tangram's commitment to providing specialized insurance solutions. Tracy Bernard, Senior Vice President of Program Strategy at Tangram, remarked on the importance of this launch, stating, "The addition of these new insurance products for Security Guards demonstrates Tangram's dedication to serving the niches we focus on. We are thrilled about this partnership with Accelerant, which is reshaping the landscape of program management."

Tailored Coverage Options

The new coverage options available through this program are specifically tailored to meet the unique needs of both armed and unarmed security firms. This initiative fills a noticeable gap in the insurance market, catering to the diverse challenges faced by security professionals today.

Furthermore, Tangram's program management approach not only provides a competitive insurance solution but also integrates underwriting expertise and risk management strategies. This is particularly relevant given the specific exposures associated with the security profession. As part of the program, insured parties now have access to general liability insurance, a critical coverage aspect that complements existing workers' compensation solutions.

Future Developments

Looking ahead, Tangram plans to expand its offering by introducing additional lines of insurance by early 2025. The forthcoming products are anticipated to include property and commercial automobile insurance, significantly broadening the scope of coverage available to security businesses.

Currently, the program is accepting submissions for new insureds in several states, including California, Florida, New York, New Jersey, Virginia, Pennsylvania, Texas, and Illinois, for coverage effective from February 1, 2025, onwards. Notably, workers' compensation insurance continues to be accessible nationwide, ensuring that security firms can protect their workforce efficiently and comprehensively.

A Rich History in Insurance

Tangram Insurance Services has cemented its position as a leader in providing niche insurance solutions over its 20 years in the program space. By partnering with top insurance providers, the agency has developed a rich expertise and capability to meet the specific needs of various industries.

Notably, Accelerant, the partner for this new insurance program, brings advanced data analytics and innovative risk management solutions to the table. This collaboration is set to optimize the both both insurance capacity and the efficiency of claim processes, paving the way for a better experience for Tangram's clients.

In conclusion, Tangram Insurance Services’ latest launch is not just an addition to its portfolio but a significant advancement in its mission to support the specialized sectors in the insurance industry. With this robust offering for security firms, Tangram is poised to make a substantial impact in the insurance landscape, providing the essential coverages that enhance the operational functionality of security providers and safeguarding their interests in an ever-evolving market.