The CHART Exchange May 2018

Page 42

NEWS Continued From Page 32

BENEFITS OF PRODUCT PERFORMANCE GUARANTEES

Continued From Page 22

CHART THE DEFENDER PSYCHOLOGY COVERHOLDER E&O AVAILABLE NOW!

Plus, by working the price of a product performance guarantee into product pricing, you can provide consumers that extra backing within the convenience of a single payment. Offering these types of protection solutions can put you one step ahead of the competition and keep your company top of mind for consumers – if and when their phone is damaged, they know you’ll take care of them because the device is protected, once again, with guaranteed coverage. Finally, the right partner can (and should!) work with you to create a turnkey solution—from the product itself, to the language on the packaging, to compliant program filing and claims administration services—to best suit your products and customers.

Mark Lann Phone:

305-248-9495 Email: chart.eo@rockwoodinsurance.com

MAY 2018

“Another thing driving down costs is that several states have implemented treatment guidelines and drug formulas to ensure people are getting the proper treatment, appropriate medication and cutting out abuse issues.” Safety National’s medical management team has partnered with a company called Best Doctors to offer policyholders and their employers additional medical expertise and resources. Through this partnership, Safety National policyholders have access to a database of physicians with expertise in catastrophic injury claims. The program has seen much success, according to Walls, especially with regards to exploring alternative pain management treatment and taking people away from opioids in order to get their lives back on track. “One of the key issues our industry faces right now is: how do we transition away from opioids and drugs being the go-to option? How do you deal with pain and what are the alternatives?” Walls commented.

Interested in learning more about adding performance guarantees to your product lineup? Contact Fortegra today to get started!

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