Captive Insurance Programs

Warranty Captive

 

Program Summary:

Roundstone’s Warranty Captive is a turnkey self-insurance program with fronted and/or excess coverage for a variety of extended warranties and/or service contracts. The program is uniquely designed for manufacturers and dealers of goods offering extended warranties and/or service contracts. These companies will retain estimated claims in their own captive segregated account and have the option of purchasing coverage excess of estimated losses. Companies work with experienced claims and risk management consultants to administer their retained liability.


Program Benefits:

  • Higher employee participation - consumers buy what they need and can use
  • Employers support a consumer-centric benefits offering
  • Greater policyholder retention
  • Reduced need and cost of repeated enrollment
  • Improved profitability (RTM) for all stakeholders
  • Participation in underwriting outcomes of coverages
  • Increased year-over-year income


Is a Warranty Captive right for you?

The product is designed for:

  • Manufacturers and dealers offering extended warranties. Heavy equipment, consumer goods, roofing, automobile and other industries access this program.


Program Eligibility:

  • Manufacturer or dealer issuing greater than $750,000 of annual warranty premium
  • Retention of estimated annual losses in authorized captive insurance company
  • Two years of extended warranty premium experience
  • Two years of warranty expense data with part and equipment detail
  • Claims administered by approved TPA with industry and equipment expertise
  • Existing management software and IT capable of detailed reporting functions



Proposed Policy Forms:

Available upon request


Submission Requirements:

Completed Application

Last two (2) years' financial statements

Copy of warranty or service contract

Copy of 2 years of premium and/or claims
Program Questions:

Roundstone Management, Ltd.
27887 Clemens Road, Suite 1, Westlake, OH 44145
Email: info@roundstoneinsurance.com
Phone:  440-617-0333


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