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Contract Default Liability
General contractors, agencies, and other businesses using subcontractors may be concerned with the responsibilities they have when it comes to honoring the work of their subcontractors or vendors. The Contract Default Liability program allows those contractors to manage that risk by building a tax-deferred reserve to hire someone else and honor contracts should a subcontractor or vendor become unreliable or close.
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Custom Warranty
Warranties are a valuable tool to distinguish a company amongst its competition and to signal its service or product quality. Whether your company already offers a warranty program, or is considering offering one, SRA brings valuable tools to maximize the benefits of implementing such programs. A custom warranty program designed by SRA develops new revenue streams, leverages an insurance company in order to maximize benefits, and generates goodwill with current & prospective customers.
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Deductible Reimbursement
As traditional carriers continue to minimize their claims exposure, deductibles continue to grow and place a greater burden on the insured. For businesses with an insurance policy or policies covering several exposure units including individuals, auto, buildings, etc., SRA’s Deductible Reimbursement product allows companies to accumulate tax-deferred reserves to lower the burden on cash flow that a large deductible can create at a time when it’s needed most.
Supply Chain Interruption
Disruptions in manufacturing can delay or completely devastate your operations. Protect your business from supply chain interruptions due to adverse weather, unplanned outages, acts of God, acts of terrorism or civil unrest - both foreign or domestic. You can also use a supply chain interruption policy when there are issues with product quality or outsourcing failure, ensuring that extra costs do not affect your ability to fulfill order and keep your business operating without drastic interruptions.
