Tangram Insurance Services has unveiled a new insurance solution aimed at tackling crisis-related threats within the education and social service industries.
Developed alongside Costero Brokers, the newly unveiled Crisis Care for Education & Social Service offers tailored protection for institutions facing a wide range of high-risk incidents.
The coverage includes a variety of threats, such as on-campus assaults, emergency evacuations linked to natural disasters or security risks, child abduction, stalking, and business disruption. It also extends to kidnap, extortion, wrongful detention, express kidnapping and hostage scenarios.
An added feature of the policy is a crisis response extension, which brings protection for additional events that typical crisis insurance policies often leave out.
The product is available now to all Tangram-appointed brokers. Coverage limits begin at $1 million and go up to $5 million, with the option for clients to request higher limits depending on their requirements.
The launch comes in response to new regulatory developments, including California Senate Bill 553 (CA SB 553), which came into effect in 2024. The bill mandates that employers implement detailed workplace violence prevention plans. While the legislation stops short of requiring employers to purchase insurance, Tangram suggests its new offering could play a key role in helping organisations meet their compliance targets.
“While the bill does not explicitly require employers to carry a workplace violence insurance policy, this coverage can be an important piece of their workplace violence prevention plan,” said Tracy Bernard, senior vice president of program strategy at Tangram.
She added that the new policy may not be mandatory under the law but can support compliance efforts as part of a wider risk management strategy.
Demand for cover related to crisis incidents is said to be rising across various industries, especially in education, healthcare, and social services. These sectors are increasingly vulnerable to workplace violence, environmental threats, and other critical events, sparking interest in specialised policies that offer operational and safety protection.
The product also marks a continuation of Tangram’s partnership with Costero Brokers. The two firms previously worked together to launch a kidnap, ransom and personal accident cover through an exclusive facility supported by Brit Syndicate at Lloyd’s.
