The Mechanic Group expands security alarm program

The Mechanic Group expands security alarm program | Insurance Business America

Insurance News

The Mechanic Group expands security alarm program

Company partners with insurance company to improve service to brokers and clients

Insurance News

By
Rod Bolivar

The Mechanic Group is enhancing its Security Alarm & Investigator Program by offering expanded coverage and improved service to brokers and clients in the security and alarm industry through a new partnership with Palomar Excess and Surplus Insurance Company (PESIC).

This partnership offers advanced underwriting authority, enabling brokers to issue policies swiftly and efficiently, alongside expert claims management that includes thorough risk assessments, efficient claims tracking, and quicker settlement negotiations. Additionally, it provides comprehensive coverage, including general liability and supported umbrella, specifically tailored for the security and alarm industry.

According to Marc Katz, president of The Mechanic Group, the collaboration with Palomar will deliver “even greater value” to brokers and clients.

“This partnership will further strengthen our ‘best in class’ Security Alarm & Investigator Program, offering expanded coverage, improved service, and access to Palomar’s robust underwriting capabilities,” he said.

Since 1989, The Mechanic Group has specialized in customized, comprehensive insurance programs for the security and alarm industry. The new partnership with Palomar will further enhance its services and expand coverage options, the companies said.

As a specialty insurer, Palomar serves residential and commercial clients across five product categories: earthquake, inland marine and other property, casualty, fronting, and crop.

“The Mechanic Group is a leader in the security and alarm industry, making them an ideal partner for Palomar. We are excited about the opportunity to collaborate with such a talented team in this niche market segment,” said Jason Sears, executive vice president and head of programs at Palomar.

The Mechanic Group is a division of Specialty Program Group (SPG), a specialty platform that offers a diverse portfolio in underwriting management, digital solutions, brokerage, and insurance services.

What are your thoughts on this game-changing partnership? We’d love to hear your comments on how it could impact the industry!