Trisura stands behind the obligations of the program administrator. In the event of financial failure, Trisura steps in to ensure the consumer's warranty coverage remains intact.
Structure Highlights
- Trisura works with the administrator to ensure reserve adequacy is set aside to meet future warranty obligations.
- A Contractual Liability Policy issued to an administrator covering their warranty obligations under the program.
- The risk and expertise of program rests with the administrator allowing greater freedom to grow business and manage customer relations.
- This provides a lower cost solution than conventional liability insurance products.
Appetite
- Programs that generate a minimum of $50,000 fee income per year.
- Administrator has Review Engagement or better Financial Statements for review.
- Administrator has several years experience in the field.