With new innovative services and products comes a certain degree of uncertainty about whether the company making the promise can truly fulfill its commitments. Everyone can relate to companies offering incredible guarantees or warranties that are now out of business, or those making service promises that don’t deliver.
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The correct term depends on what you’re looking to accomplish. Navigating the different insurance policy terms can be confusing, as their meanings and applications often overlap. The fundamental foundation is the Contractual Liability Insurance Policy (CLIP) for all the variations.
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Deep dive into all key ingredients for creating winning warranty & service contracts for vehicles, home, appliance, mobile, electronics & other consumer markets
Crowne Plaza® New Orleans French Quarter – Astor New Orleans, Louisiana
Join us for the Warranty & Service Contract Innovations for Vehicle, Home, Smart Products & Consumer Goods – a deep dive into all key ingredients for creating winning warranty & service contracts for vehicle, home, appliance, mobile, electronics & other consumer markets.
Hear top industry leaders discuss tools and strategies for end-to-end lifecycle solutions for product design, marketing, sales, customer service, operations, technology & compliance.
The all-new agenda features riveting case studies and timely panel discussions. Plus, you’ll want to participate in the always-popular industry-specific roundtable discussion groups, and hot off-the-press market news flashes from Warranty Week.
Full Details: https://www.ssn-email.com/ssn/warr16/web.html
Businesses offering Limited Warranties or Service Guarantees frequently encounter the question, “What backs this warranty or guarantee?”
This question is critical to clients seeking peace of mind that something supports the warranty or guarantee beyond the company’s promise. In some cases, clients will not do business with a company that doesn’t have adequate backing for its promise or guarantee.
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Octaviant Financial has announced that Starr Insurance will join its partnership with Marsh to offer drug warranty services that enable pharmaceutical companies to guarantee the effectiveness of high-cost therapies.
Full Article: https://www.reinsurancene.ws/starr-joins-octaviant-financial-and-marsh-as-lead-carrier-on-drug-warranty-platform/
FOR IMMEDIATE RELEASE
August 8, 2024
LOUISVILLE, KY — Ironwood Warranty Group (IWG) is pleased to announce that HeadStart Warranty Group, a national warranty provider focused on home protection programs for consumers, has joined its growing list of clients. Ironwood Warranty Group will provide HeadStart with insurance and regulatory support that will enable them to expand their footprint to sell and market their warranty programs nationwide. Ironwood Warranty Group’s subsidiary, National Service Alliance (NSA), will provide Headstart with access to NSA’s proprietary integrated tech platform, IRIS. Connected to NSA’s national home service network, IRIS gives Headstart access to real-time data and tools to more easily and efficiently administer their home warranty programs.
FOR IMMEDIATE RELEASE
August 8, 2024
LOUISVILLE, KY — Ironwood Warranty Group has added Guard Home Warranty to its growing list of clients. Guard is a home warranty business with a focus on making the customer’s experience as painless as possible, protecting families from untimely and expensive repair or replacement costs to essential appliances and mechanical systems including HVAC repairs, appliance replacement, electrical issues and much more. Ironwood Warranty Group is providing insurance backed warranty and obligor support services, and the expertise to develop and gain approval of customized customer terms that allow homeowners to select the repair service they wish to use.
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Service Contracts, Limited Warranty, and Specialty Insurance and Service Programs
The site includes example uses for Service Contracts, Limited Warranties, Specialty Programs, and Service Programs, as well as example CLIP structures, profit participation options, and an example rate builder.
A CLIP is a great way to address regulatory and compliance requirements for Service Contracts. OEMs also use CLIPs to transfer risk off their balance sheets for their limited warranty programs. In addition, CLIPs are often an effective method to support service-oriented programs, including certain travel, event, and waiver programs.
View the site at https://contractualliabilityinsurance.com
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September 23-25, 2024, Palmer House Hilton, Chicago, Illinois.
This year’s event takes a deep-dive into new frontiers in extended warranty and service contract innovations!
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Tennessee, March 26, 2024 – The Plateau Group, a forty-year insurance solutions provider, and Scag Power Equipment, a leading manufacturer of commercial and residential lawn mowers and turf management equipment, proudly announces a strategic collaboration to introduce the brand-new Scag Extended Warranty Program. This joint initiative aims to elevate Scag’s industry leading reputation for quality and performance, offering distinctive advantages to both buyers and dealerships.
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