Tangram Insurance coverage Companies, in collaboration with Costero Brokers, has launched a brand new disaster care insurance coverage providing for training and social service dangers.
This product is designed to offer protection for quite a lot of disaster conditions that academic and social service establishments could encounter.
It gives protection for incidents similar to on-campus assault, emergency safety evacuation, pure catastrophe evacuation, stalking threats and enterprise interruption.
It additionally extends to youngster abduction, disappearance, categorical kidnap, extortion, hostage crises, kidnap, threats and wrongful detention.
This product additionally features a disaster response extension, which gives protection for a number of further occasions.
The brand new insurance coverage providing is now accessible to all brokers appointed by Tangram, with commonplace protection limits starting from $1m to $5m.
Tangram programme technique SVP Tracy Bernard mentioned: “With the passage of California Senate Invoice 553 (CA SB 553) final yr, requiring all employers within the state to keep up a complete Office Violence Prevention Plan, this new product supplies important protection to help in compliance with that invoice but in addition give our shoppers entry to a collection of best-in-class disaster response coverages in a single coverage.
“Moreover, since monitoring for compliance with comparable laws usually falls below the scope of Cal/OSHA, an employer’s Office Violence Prevention Plan will turn into an vital piece of total office security. We’re so excited that our long-term partnerships within the disaster care specialty section have allowed us to present our brokers entry to this product.”
In December 2024, Tangram launched a multi-line insurance coverage programme tailor-made for the safety guard sector and accessed by way of the Accelerant Danger Alternate and Service Insurance coverage Corporations.
