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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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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Manufacturer’s enhancement for their standard Limited Warranty
Appliance Warranty Insurance to offer an Enhanced Limited Warranty without retaining the balance sheet risk.
Specialty Insurance Agency & Brokerage Solutions, Administration Solutions, and Support for Insurance Companies, OEMs, and Sellers of Products and Services.
Meramec Secure is a fully licensed and insured national Property and Casualty Agency with relationships with multiple insurance carriers ranging from small, nimble carriers to industry-leading multi-billion dollar carriers.
Custom Product Development, Enhancement Programs, Cross Sell, Blanketed and Embedded Solutions, and Benefits Solutions, including the following examples:
Auto and Homeowner Insurance
Auto and Home Deductible Reimbursement
Cyber and ID Theft
Emergency Lodging
Homeowner Glass Breakage
LED Lighting Warranty Insurance
Lockout Service
Product Warranty Insurance
Service Contract Reimbursement Insurance
Blanket Shipping Insurance
Solar Warranty Insurance
Solar General Liability Insurance
Purchase Protection
Double the Warranty
Visit Meramec Secure for more information.
Panasonic Eco Solutions North America introduces of one of the longest product workmanship warranties in the residential solar industry…
Product Warranty Insurance may help companies seeking options to offer clients a longer product limited warranty versus their traditional warranty. Product Warranty Insurance or a Service Contract program may offer a solution to increase the warranty – yet transfer the risk to an insurance company or service contract provider.
Membership based Limited Warranty Solutions for Internet of Things (IOT) Smart Devices & Connected Devices