Tangram Insurance Unveils New Crisis Care Coverage for Risks
Tangram Insurance Services Introduces Crisis Care Coverage
Tangram Insurance Services, Inc. is thrilled to announce the launch of its innovative Crisis Care for Education and Social Service Product. This new offering, developed in collaboration with Costero Brokers, caters specifically to the unique crisis-related risks faced by educational institutions and social service organizations.
Comprehensive Coverage for Various Crisis Scenarios
The Crisis Care Cover includes a wide array of comprehensive protections designed to tackle the challenges that these sectors often encounter. Key coverages encompass situations like on-campus assaults, emergency security evacuations, natural disasters, and potential threats like stalking and abduction. With a focus on helping organizations navigate crises effectively, this product additionally covers business interruptions, wrongful detentions, and hostage crises among many other situations. Furthermore, it features a leading crisis response extension that ensures coverage for events typically excluded from conventional crisis protection policies.
A Compliance-Focused Solution
In light of recent legislative changes, particularly Senate Bill 553 in California, which mandates employers to maintain a robust Workplace Violence Prevention Plan, Tangram’s new offering becomes even more pertinent. Tracy Bernard, Tangram's Senior Vice President of Program Strategy, expressed enthusiasm over how this product not only aids compliance with realistic workplace safety regulations but also delivers vital crisis response capabilities within a singular policy framework.
Importance of Crisis Care in Achieving Compliance
Although the newly passed legislation does not explicitly require insurance for workplace violence, having such safeguards can significantly enhance an organization's Workplace Violence Prevention Plan. The integration of this coverage into their safety protocols allows employers to effectively address potential risks and ensures alignment with overall safety compliance measures.
Access and Limits for Brokers
Tangram's Crisis Care product is available for all appointed brokers, providing them the ability to offer this crucial insurance to their clients. Coverage limits typically range from $1 million to $5 million, with opportunities for higher limits available upon request. This assurance not only empowers brokers but also equips organizations with necessary resources to navigate complex safety challenges.
About Tangram Insurance Services
Tangram Insurance Services, Inc. stands as a national program manager dedicated to offering specialized insurance solutions for various industries. With over two decades of experience, Tangram has established partnerships with leading insurance providers, ensuring they deliver tailored solutions that meet distinct market needs.
About Costero Brokers
Costero Brokers Ltd., established in 2017, is an independently owned broker operating within the multi-class Lloyd's of London framework. Their collaborative efforts with Tangram highlight a mutual commitment to delivering specialized risk management solutions tailored to their clients.
Frequently Asked Questions
What is the purpose of Tangram's new crisis care product?
The product aims to provide comprehensive coverage for crisis situations that educational institutions and social service organizations may encounter.
What types of incidents are covered by this insurance?
Coverage includes on-campus assaults, emergency evacuations, child abductions, and various other crises.
How does this product align with recent legislative changes?
It aids compliance with California’s Senate Bill 553, enhancing workplace safety through strategic insurance coverage.
Who can access this crisis care coverage?
All Tangram appointed brokers can offer this product to their clients.
What are the standard limits for coverage?
Standard coverage limits range from $1 million to $5 million, with options for higher limits available.
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