The Mechanic Group expands safety alarm program – Cyber Tech

The Mechanic Group is enhancing its Safety Alarm & Investigator Program by providing expanded protection and improved service to brokers and purchasers within the safety and alarm business by way of a brand new partnership with Palomar Extra and Surplus Insurance coverage Firm (PESIC).

This partnership presents superior underwriting authority, enabling brokers to concern insurance policies swiftly and effectively, alongside knowledgeable claims administration that features thorough threat assessments, environment friendly claims monitoring, and faster settlement negotiations. Moreover, it supplies complete protection, together with normal legal responsibility and supported umbrella, particularly tailor-made for the safety and alarm business.

In keeping with Marc Katz, president of The Mechanic Group, the collaboration with Palomar will ship “even larger worth” to brokers and purchasers.

“This partnership will additional strengthen our ‘greatest at school’ Safety Alarm & Investigator Program, providing expanded protection, improved service, and entry to Palomar’s sturdy underwriting capabilities,” he stated.

Since 1989, The Mechanic Group has specialised in custom-made, complete insurance coverage applications for the safety and alarm business. The brand new partnership with Palomar will additional improve its providers and increase protection choices, the businesses stated.

As a specialty insurer, Palomar serves residential and business purchasers throughout 5 product classes: earthquake, inland marine and different property, casualty, fronting, and crop.

“The Mechanic Group is a pacesetter within the safety and alarm business, making them a super associate for Palomar. We’re excited in regards to the alternative to collaborate with such a proficient group on this area of interest market phase,” stated Jason Sears, government vp and head of applications at Palomar.

The Mechanic Group is a division of Specialty Program Group (SPG), a specialty platform that provides a various portfolio in underwriting administration, digital options, brokerage, and insurance coverage providers.

What are your ideas on this game-changing partnership? We’d love to listen to your feedback on the way it might influence the business!