Security America Awards Top Honors
at NBFAA Awards Luncheon
NBFAA Also Announces Growth of Insurance Program
Irving, Texas, April 3, 2006 – The National Burglar & Fire Alarm Association’s (NBFAA) insurance program, Security America Risk Retention Group, presented top honors at the annual NBFAA Awards Luncheon in Las Vegas, Monday, April 3, 2006. NBFAA also announced current growth and retention figures for the insurance program which was created in 2003 specifically to meet the needs of electronic life safety, security and systems professionals.
The New York Burglar & Fire Alarm Association (NYBFAA), a Chartered State Association (CSA) of the NBFAA, was presented with the inaugural Security America Award of Excellence in recognition of outstanding participation and commitment. Tim Creenan, president of the New York chapter accepted the award.
“Our chapters have recognized the value that this program brings to members and are doing a great job promoting it,” said Security America President Cecil Hogan. “ The NYBFAA worked hard this year; they sent in the most referrals and ended the year with the most new policyholders.”
Hogan said when Security America started three years ago, they had done their homework and felt confident about the program, but were unsure of how long it would take to get things going.
“I’m very pleased and happy to report that the program has attained a growth rate of 86 percent in the last 18 months and currently has a retention rate of 93 percent.” Hogan also said approximately 200 companies have joined NBFAA and affiliated associations to gain access to the insurance program.
In 2004, NBFAA partnered with Beecher Carlson, a 27-year veteran of risk management consulting services, to handle the underwriting and marketing functions of the program. Beecher Carlson works cooperatively with local brokers allowing members to maintain established relationships with their current agent and obtain coverage through Security America.
About NBFAA
NBFAA, a non-profit 501(c) 6 trade association, is the nation's oldest and largest organization dedicated to representing, promoting, and supporting the electronic life safety, security, and systems industry. Member companies specialize in a wide spectrum of services to commercial and residential consumers, including security and fire alarms, video surveillance, access control and monitoring. In cooperation with a federation of state associations, NBFAA provides government advocacy and delivers timely information, professional development tools, products and services that members use to grow and prosper their businesses. The NBFAA may be reached at (888) 447-1689 or on the Web at www.alarm.org. For information about Security America go to info@securityamericarrg.com or call (866) 315-3838.
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