PSG provided support in every step of forming and operating a new service contract provider in North America. PSG leverages deep contacts in the warranty industry to help facilitate the entry into the space.
PSG’s roadmap includes support with:
State level service contract requirements
Financial guarantee options (CLIP/SCRIP)
Sales and claims administration processes
Creation of rates and reserves
Creation of forms and coverages
Selecting administration technology
Repair infrastructure options
The PSG process is designed to support Independent Providers, Original Equipment Manufacturers (OEM) and Retailers. OEMs and Retailers can in-source or outsource individual elements of their program for their Service Contract Program allowing individual structures to address revenue recognition issues, customer experience & lifetime value and overall program design and development.
Dealerscope article on service contracts in the appliance and electronics retail channel. Executives from AIG, Assurant, Asurion, Centricity, Mack, Marsh, OnPoint, Personal Safeguards Group, SquareTrade and Warrantech share initiatives.
Personal Safeguards Group, LLC (“PSG”) has launched marine and RV limited warranty programs to assist OEMs with offering longer term limited warranties while transferring the risk off the balance sheet with a financially secure solution.
Custom programs are designed to support promotional or blanketed programs with coverage for parts or parts and labor.
Personal Safeguards Group, LLC, a leading specialty insurance and warranty advisory and brokerage firm, launches a new Auto and Home Deductible Reimbursement Insurance solution for Affinity Marketers, OEMs, Financial Services firms and Sellers.
If you are a P&C Agent or Broker trying to help a client obtain the correct type of insurance policy for state level compliance or lender requirements for a Service Contract Provider please feel free to contact Mike Frosch, President of Personal Safeguards Group, LLC.
Personal Safeguards Group, LLC has published a paper titled “Unleash the Value – Direct Marketing Vehicle Service Contracts.” This paper is related to direct to consumer Vehicle Service Contract programs.
About Personal Safeguards Group, LLC Personal Safeguards Group, LLC (PSG) is a warranty and specialty insurance consulting and brokerage firm serving the automotive, appliance & technology, affinity and financial services industries.
PSG works with industry leading and highly rated Insurance Carriers, Service Contract Providers, Obligors, Administrators, Marketers and Services Partners to develop unique solutions for its clients.