Personal Safeguards Group News, Releases and Industry Data, Analysis and Other Items related to Service Contracts, Limited Warranties and Specialty Insurance Solutions.
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Personal Safeguards Group, LLC (PSG) Supports Creation of a New Furniture Service Contract Program

PSG provided support in every step of creating a new service contract program in North America including:
  • Program Design
  • Claims Aministration
  • Regulatory and Compliance
  • Sourcing an Admitted Carrier

  • Personal Safeguards Group in the News

    Personal Safeguards Group, LLC ("PSG") shares its 2020 initiatives to support consumer retail and OEM clients.

    Read PSG's Comments in Dealerscope
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    Personal Safeguards Group, LLC (PSG) Supports Creation of a New Consumer Products Service Contract Provider

    PSG’s utilizes its custom roadmap to support:
  • State level service contract requirements
  • Financial guarantee options (CLIP/SCRIP)
  • Sales and claims administration processes
  • Creation of rates, reserves, forms and coverages
  • Selecting administration technology and repair infrastructure options
  • The PSG process is designed to support Independent Providers, Original Equipment Manufacturers (OEM), Dealers and Retailers.

    Read the full article at WarrantyNews

    2020 Service Contract Projections

    At the Retail Selling Price to the Consumer the US Service Contract Industry is projected at over $61b for 2020

    UPDATE - The shutdown driven by the Virus will greatly impact every category in 2020. This should be viewed as a run rate prior to the shutdown.

    For more information please contact PSG. - Click Here to Send us an Email

    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.

    RV Limited Warranty
    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 2018 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 to gain insight into behavior, trends and opinions related to 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.
    Click to view

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