THE CHALLENGE
- Does it feel like you’re shelling out a LOT of money to insurance companies??
Traditional warranty programs leave profits in the hands of third-party insurers, forcing you to accept higher costs and lower returns on warranty claims. Without direct control over your risk management, your business loses out on potential profits from your own warranty programs.
- Most recyclers pay third-party insurers to cover warranty claims, leading to:
- High costs – Insurers keep the bulk of warranty premiums.
- Limited control – Businesses rely on external parties for claims decisions.
- Lost revenue – Instead of capturing underwriting profits, businesses see those profits go to insurers.
THE SOLUTION
- The URG Warranty Program allows URG members to own their own captive insurance company, keeping warranty profits in-house while maintaining full control over risk management.
Members can self-insure their warranties, keeping premiums in their own business and turning risk management into a profit-generating asset.
- Own Your Insurance Company – Operate under URG’s license to create a captive insurance company dedicated to your business.
- Retain Underwriting Profits – Instead of paying premiums to an outside insurer, your business keeps the profits when claims are low.
- Risk Pooling & Security – URG Insurance insures your risk and other members’ risk within the Captive Insurance Company, providing security while maximizing financial benefits. Quarterly Claims Reimbursement – File claims for warranty losses every quarter and get paid by URG Insurance Co.
- Tax Benefits – Your Captive makes an 831(b) election, resulting in a 0% tax rate on profit in the Captive.
- Turn your risk management into a profit center!
HOW DOES IT WORK EXACTLY?
1
Run Your Warranty Program
as usual, setting aside funds for warranty risk.
2
Insure Your Warranty Risk
with URG Insurance Co., creating your own Captive Insurance entity.
3
Claim Processing
Submit warranty claims quarterly for reimbursement.
4
Profit Retention
Your Captive Insurance Company retains underwriting profits.
5
Maximize Financial Benefits
with greater capital control, tax advantages, and customer loyalty.Choose from Three Insurance Programs:
- URG Warranty Reimbursement Insurance Program – Fund warranty expenses and significantly increase profits.
- URG Enterprise Risk Management Insurance Program – Insure business risks that may be underinsured or uninsured.
- URG Traditional Insurance Replacement Program – Reduce costs on Worker’s Compensation, General Liability, and Professional Liability coverage through URG’s group buying power.
FEATURES & BENEFITS
Increase Warranty Profits
Keep premium dollars in your business rather than paying insurers.
Full Control Over Risk Management
Set your own claims criteria and decision-making process.
Reduce Insurance Costs
Lower expenses on workers’ comp, general liability, and other business insurance.
Tax Advantages
Take advantage of 831(b) tax elections for greater financial benefits.
Strengthen Customer Trust
Customers see your business backing its own warranties, reinforcing credibility.
READY TO ACCELERATE YOUR BUSINESS?
Who Is This Program For?
- URG Members who want to self-insure and capture more profit from warranty programs.
- Businesses looking to lower insurance costs while increasing financial control.
- Partnered with CIC Services – A leader in captive insurance solutions for middle-market companies.