Leaving Money on the Table
It’s a real downer to find out you have been leaving money on the table. Imagine if you received a crystal ball, and it gave you access to perfect information, proving you could raise all prices by 10% and maintain the same volume of parts sales without damaging loyalty or future sales. The entire 10% would go straight to your bottom line. Now, imagine if you had been leaving 10% on the table for years.
Unfortunately, I can’t offer you a crystal ball, and I can’t give you perfect information on the price elasticity of the parts you sell. However, I can give you perfect information about the amount of money you are leaving on the table in your warranty program. I can give you perfect information because your federal and state tax due on the profit in your warranty program is published. Like I said… perfect information.
How Can You Stop Leaving Money On The Table?
URG Insurance Company makes it possible for URG Members like you to strengthen your warranty program by making it an insured warranty program. Insuring your warranty program is a powerful way to reduce risk and protect your business from surprises. For example, you could sell and warranty a bad patch of parts with unexpectedly high failure rates. The URG Warranty Insurance Program will smooth the impact of surprises, freeing you up to focus on running your business.
The URG Warranty Program enables members to own their own insurance company or enjoy fractional ownership with other members in an insurance company. 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. You don’t need a crystal ball to stop leaving money on the table. Instead, you can improve your warranty program by converting it into an insured warranty program backed by the URG Insurance Company.