URG Insurance Progam
Own your own Captive Insurance Company under URG’s license and capture more profits from your warranty program
URG Members accumulated over $1.2 million in additional wealth in 2017!!
You can participate as:
• either as a Cell Captive Insurance Company, or
• a Cell Captive Insurance Company shared with other URG Members
- Run your warranty program just like you’re running it now
- Insure your warranty risk to URG Insurance Company, Inc
- URG Insurance in-turn insures your risk and other members’ risk to your Captive Insurance Company
- File claims for warranty losses quarterly and get paid by URG Insurance
- Your Cell Captive Insurance Company captures your underwriting profits
- Your Captive makes an 831(b) election, resulting in a tax rate of 0% on your profit in the Captive
The URG Warranty Program enables members to own their own insurance company or enjoy fractional ownership with other members.
URG Members may insure standard warranties and extended warranties through the program. Members also benefit by being taxed at a rate of 0% on their warranty captive insurance profits. The profits in the insurance company can be invested and grow to meet future goals of the auto recycler and its owners.
This program is made possible to Members because URG has formed a parent insurance company that extends its license to members at a nominal cost. This innovative program does not require members to alter how they run their warranty programs. It provides tremendous benefits for minimal effort and cost. To become part of the URG Warranty program and tap into its benefits, contact Randy Sadler at 865-599-6104 or firstname.lastname@example.org. CIC Services, LLC is the program administrator.
This is just one more way URG helps makes its members more successful and accumulate wealth!
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