Tangram Launches New Insurance Solutions for Security Guards
Tangram Insurance Services, Inc. is thrilled to unveil a multi-line insurance program tailored for the unique needs of the security guard industry. This innovative offering, which can be accessed through the Accelerant Risk Exchange and Service Insurance Companies, aims to provide insureds with essential specialty liability and workers' compensation insurance.
About Tangram Insurance Services
Tangram, recognized as a managing general agency (MGA) and national program manager, possesses a robust market presence focusing on providing workers' compensation insurance specifically designed for security firms. The collaboration with Accelerant allows Tangram to expand its offerings by including general liability insurance, enhancing the protection available to security companies.
Committed to the Security Niche
Tracy Bernard, Senior Vice President of Program Strategy at Tangram, expressed excitement over this new initiative. "The addition of these insurance products for Security Guards is a clear demonstration of our commitment to being a comprehensive insurance solution for the niches we serve," she commented. This partnership with Accelerant signifies a transformative approach towards capacity in insurance product offerings.
Expertise and Tailored Coverage
Tangram's multi-line insurance program is specifically designed for both armed and unarmed security firms, ensuring that they have access to the necessary coverage tailored to their operational needs. Plans for additional product lines are on the horizon, with offerings like property and commercial auto insurance anticipated to be available in early 2025.
Addressing Industry Challenges
The combination of Tangram's program management expertise and consultative risk management approach allows for a customized experience for security organizations. This is crucial as the security industry faces unique exposures that require specialized coverage options.
Geographic Availability and Future Developments
Currently, the program is accepting submissions from insureds in various states, including CA, FL, NY, NJ, VA, PA, TX, and IL, with effective dates beginning February 1, 2025. Notably, workers' compensation insurance is accessible nationwide, allowing Tangram to serve a broader clientele.
Conclusion
As Tangram Insurance Services, Inc. continues to innovate within the insurance sector, the launch of this multi-line program stands as a testament to its dedication to the security niche. This initiative not only offers enhanced coverage options for security firms but also sets the stage for future product developments that cater to the evolving demands of this industry.
Frequently Asked Questions
What is the primary focus of Tangram's new insurance program?
The primary focus is to provide specialty liability and workers' compensation insurance specifically designed for the security guard industry.
Who can access this insurance program?
The program is available to both armed and unarmed security firms across several states, ensuring tailored solutions for various operational needs.
What additional products are expected in the future?
Future offerings are anticipated to include property and commercial auto insurance, expanding coverage options for security firms.
When will the coverage become effective?
The coverage plans are accepting submissions with effective dates beginning February 1, 2025.
How long has Tangram been in business?
Tangram has over 20 years of experience in the program space, collaborating with leading insurance companies to deliver niche solutions.
