Personal Safeguards Group News, Releases and Industry Data, Analysis and Other Items related to Service Contracts, Limited Warranties and Specialty Insurance Solutions.

Product Warranty Insurance

This represents an example model for structuring coverage for Product Warranty Insurance for an Original Equipment Manufacturer (OEM) or seller.

This example utilizes a Self Insured Retention or Deductible. An expected frequency of failures and cost for repair/replacement (severity) is used to calculate an estimated anticipated claim amount. Then, based on the term, quantities and conditions a fee is determined to cover the risk of loss in excess of the anticipated claim amount.

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Marine and RV Limited Warranties

Personal Safeguards Group, LLC launches several new Marine and RV limited warranty solutions for original equipment manufacturers ("OEM") and sellers.

These solutions allow an OEM or seller to offer longer term warranties for a single cost and offering balance sheet relief.

LED Lighting Service Contracts & Limited Warranties

Personal Safeguards Group, LLC launches a new LED solution for manufacturers and sellers offering up to 10 years of coverage on parts and/or labor.

2018 Service Contract Projections

At the Retail Selling Price to the Consumer the US Consumer Service Contract Industry is projected at approximately $53.7b for 2018c for Vehicle Service Contracts, Consumer Electronics and Appliances, Home Warranties and Mobile Technology.

Commercial Service Contracts & Limited Warranties

Personal Safeguards Group, LLC expands Commercial Extended Warranty solutions for manufacturers and sellers to include:
  • Solar Panels
  • Solar Trackers
  • Solar Batteries
  • Heat Pumps
  • Co-Generation Generators

Product Warranty Insurance

Personal Safeguards Group, LLC launches Product Warranty Insurance program for OEMs, Sellers and Marketers looking to differentiate their products or transfer liability. Perfect Solution for:
  • Appliances, Electronics, Computers
  • Mobile Technology (Phones, Tablets)
  • Commercial Products including LED Lighting, Power Generators, Solar
  • Internet of Things (IoT), Smart Devices, Connected Devices
  • Automotive, RV, ATV, Marine

Forming a Service Contract Provider

Detailed process flow outlining many of the necessary steps the need to be accomplished to form a service contract provider.

Vehicle Service Contract Customer Survey

On a regular basis Personal Safeguards Group, LLC surveys dealers, administrators and consumers tro gain insight into behavior, trends and opinions related ot the Service Contract Industry.

Auto Deductible Reimbursement

Personal Safeguards Group, LLC launches several configurable Auto Deductible Reimbursement Insurance programs.

Home Deductible Reimbursement

Personal Safeguards Group, LLC launches several configurable Home Deductible Reimbursement Insurance programs.

Service Contract Process Elements

A summary level view of the critical service contract process elements and how they fit into a process flow.

Product Recall versus Product Warranty Insurance

Brief summary comparing Product Recall Insurance and Product Warranty insurance.
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