Warranties and Protection Plans for Service Providers
Broadband/cable and telecommunication companies seek to keep subscribers happy and with them for the long term. Utility companies such as water, electric and natural gas providers wish to offer protection beyond the standard homeowners insurance policy. Offering extra value to customers can help set service providers apart from all the rest. These companies can deliver great benefits to their customers and subscribers through warranty programs and protection plans.
For the past 20 years, AmTrust Specialty Risk has been partnering with service providers to create specialized protection products. Our products for service providers not only give customers and subscribers peace of mind; they also generate profitable revenues and help reduce risk.
Add Value with Home Warranties, Debt Protection and More
AmTrust Specialty Risk has expertise in underwriting and structuring a variety of protection products, such as:
- Service Payment Protection Plans: Service payment protection plans allows customers to rest easier knowing their monthly bills will be taken care of if they experience a major life issue such as unemployment, disability or death. Additionally, the service provider benefits from the reduced risk of non-payment from their customers.
- Exterior Sewer/Septic Line Protection Plans: Most individuals are under the assumption that their homeowners insurance will cover issues with sewer or septic lines. However, should exterior lines become clogged or rupture, neither homeowners insurance nor the water utility company provide coverage. Protection plans can be added to help customers avoid these unexpected, expensive repair bills.
- Home Warranty Plans: Home warranties also provide coverage for appliances and home systems not typically coverage by standard homeowners insurance. Customers with these plans have peace of mind knowing their major home appliances, plumbing, electrical, heating and cooling systems are covered should unexpected and costly breakdowns arise.
- TapSafe™: Our innovative smart warranty platform, TapSafe, is a great product that broadband and cable companies can offer to their subscribers, especially considering the fact that recent statistics show the global smart home market is anticipated to be valued at more than $53 billion by the year 2022. TapSafe, with its administrator, Servify, helps homeowners detect and catalog all the connected devices in their homes, decide which ones they want to protect, purchase protection plans, get on-demand technical support and file claims.
Innovative Protection Plans from a Trusted Partner
Build your protection plan with AmTrust Specialty Risk and enjoy the following benefits: An experienced team and best-in-class solution.
Our team is extremely knowledgeable about the warranty industry, and we will create the plan that meets the specific needs of each service provider. You’ll receive personalized attention from a dedicated account manager. Plus, as part of AmTrust Financial Services, a multinational property and casualty insurance provider with an “A-“ (Excellent) rating from A.M. Best, we can offer the strength, stability and commitment your clients need to thrive. Innovative technology and coverage options.
From TapSafe™ protecting a home’s connected devices to unique protection plans designed to cover sewer lines, AmTrust Specialty Risk offers the right coverage options at the right time. Plus, we often underwrite risk others will not. We can develop compliant, profitable coverage plans. Insights and advice that increase customer satisfaction and profits.
We continually study and share trends and best practices we see industrywide, including insights into changing consumer attitudes and behavior toward warranty products. AmTrust Specialty Risk collaborates with service providers to structure program financials to improve profits, increase customer satisfaction and reduce risk. Unlike most warranty companies, insurance is our only business. This means we can help you decide whether to keep the administration function in-house or to outsource it.
Ready to Learn More about Protection Plans from AmTrust Specialty Risk?
Contact AmTrust Specialty Risk today so we can help you generate revenue, sell more product, improve customer satisfaction and help you continue to build your brand.