Meramec Secure® is a nationwide designer and producer of specialty insurance and service contract solutions and services to assist companies in sourcing or building new specialty insurance, service contract, warranty, and guarantee-related products and programs.
Meramec Secure supports contractual liability insurance policies, service contract reimbursement insurance policies, product warranty insurance, shipping insurance, product guarantees, limited warranties, and extended warranties (service contracts).
Building Something New
If you are seeking to build a new product, program, or new service contract company, we can help.
Meramec Secure® utilizes a detailed process-driven approach to determine the best options to support your objectives.
Subject Matter Expert Relationships
Meramec Secure® has extensive relationships with SME experts to help with critical steps in achieving your objectives.
Our relationships include legal, compliance, technology, actuarial, underwriting, obligors and providers, insurance carriers, tax, reinsurance, and other important areas.
Custom Solutions
Meramec Secure® works with clients to develop custom solutions leveraging internal and external resources to bring the best solution and eliminate frictional costs.
Meramec Secure® provides complete transparency at each step to ensure collaboration on the important elements of a program, including revenue recognition, speed to market, risk transfer, compliance, licensing, and other critical elements.
Real Market Differentiation
Multiple Insurance Partners
Meramec Secure® has relationships with multiple insurance carriers and service contract and warranty providers ranging from small, nimble carriers to industry-leading multi-billion dollar companies.
Support for Small and Medium Sized Programs
Many companies are not able to support small or mid-sized programs. At Meramec Secure®, we aggregate multiple programs into our insurance providers, allowing for smaller and medium-sized programs that others can not support.
Fully Licensed and Insured
Meramec Secure® is fully licensed as an Insurance Agency with appropriate Adjuster licenses for P&C programs. Meramec Secure® maintains business insurance coverage including E&O, Cyber, General Liability, and Property Insurance.
Technology Driven Approach
Meramec Secure® employs highly secure and flexible technology to manage customer sales and claim information. Clients provide a simple monthly file with customer information, and Meramec Secure® takes it from there.
Claims Administration Services
Meramec Secure® can support specialty claim administration for client programs with an Adjuster and Agency license. Customers can easily set up a claim via an online claim form, email, or a call center.
Example Products Supported
Appliance Warranty Insurance
Manufacturers use Appliance Warranty Insurance to offer a longer limited warranty without the balance sheet liability.
Consumer Products Service Contracts
Designed for OEMs and Retailers looking to offer service contracts (extended warranties) to their customers, this solution includes designing the program, sourcing the right partners to support it, and providing licensed administrative services.
Contractual Liability Insurance Policy
A Contractual Liability Insurance Policy or CLIP supports compliance for a service contract provider, provides a risk transfer mechanism for an OEM Limited Warranty, or may be used to support specialty products such as waivers, travel, and event benefits, and many other items.
Marine Warranty Insurance
Manufacturers use Marine Warranty Insurance to offer a longer limited warranty on a blanket or promotional basis, thereby avoiding balance sheet liability.
Product and Services Guarantees
Custom-configured solutions to provide financial backing for a company's product or service guarantees. Important differentiation for InsurTech, FinTech, and service-oriented companies looking to show financial security and backing for their businesses.
Product Warranty Insurance
Product Warranty Insurance is used by manufacturers and sellers seeking options to offer a longer product warranty beyond their standard warranty, while transferring the risk to an insurance company.
Service Contract Reimbursement Insurance
A Service Contract Reimbursement Insurance Policy (SCRIP) is used to comply with state financial guarantee requirements for service contract providers/obligors.
Shipping Insurance
Coverage for customer shipments, protecting lost, stolen, or damaged items during transportation or delivery.
Manufacturers use Appliance Warranty Insurance to offer a longer limited warranty without the balance sheet liability.
Consumer Products Service Contracts
Designed for OEMs and Retailers looking to offer service contracts (extended warranties) to their customers, this solution includes designing the program, sourcing the right partners to support it, and providing licensed administrative services.
Contractual Liability Insurance Policy
A Contractual Liability Insurance Policy or CLIP supports compliance for a service contract provider, provides a risk transfer mechanism for an OEM Limited Warranty, or may be used to support specialty products such as waivers, travel, and event benefits, and many other items.
Marine Warranty Insurance
Manufacturers use Marine Warranty Insurance to offer a longer limited warranty on a blanket or promotional basis, thereby avoiding balance sheet liability.
Product and Services Guarantees
Custom-configured solutions to provide financial backing for a company's product or service guarantees. Important differentiation for InsurTech, FinTech, and service-oriented companies looking to show financial security and backing for their businesses.
Product Warranty Insurance
Product Warranty Insurance is used by manufacturers and sellers seeking options to offer a longer product warranty beyond their standard warranty, while transferring the risk to an insurance company.
Service Contract Reimbursement Insurance
A Service Contract Reimbursement Insurance Policy (SCRIP) is used to comply with state financial guarantee requirements for service contract providers/obligors.
Shipping Insurance
Coverage for customer shipments, protecting lost, stolen, or damaged items during transportation or delivery.
Example Solutions Supported
OEM and Retailer Service Contract Programs
A review of the Three Viable Options for an OEM or Retailer Service Contract Program
TPA in a Box®
A process-driven approach to developing and managing an in-house Service Contract program to deliver an enhanced customer experience and strengthen the program's economics.
Structuring Product Warranty Insurance for a Limited Warranty
Meramec Secure assists OEMs and product sellers in utilizing a Contractual Liability Insurance Policy to enhance a limited warranty or to transfer risk off their balance sheet with no contingent liability.
Forming a Service Contract Provider
When forming a new service contract provider, it is critical to know the options for how to structure the provider, selecting the right partnerships for technology, insurance underwriting, legal and compliance, regulatory support, profit participation models, and many other elements. Meramec Secure®; can help with each step of the process.
Structuring Product Warranty Insurance for a Limited Warranty
Meramec Secure assists OEMs and product sellers in utilizing a Contractual Liability Insurance Policy to enhance a limited warranty or to transfer risk off their balance sheet with no contingent liability.
Enhancement Benefit Programs
Meramec Secure® has an extensive array of low-cost enhancement products that perfectly complement Vehicle Service Contracts, GAP, Home Warranties, PMI, Initial and Refinanced Mortgages, IoT Devices, and many other products.
Subscription-Based Programs
Meramec Secure supports monthly subscription programs for service contract programs.
Benchmarking Existing Programs
When was the last time you benchmarked your Service Contract Program? Meramec Secure® can assist you in making sure you have a competitive program.
A review of the Three Viable Options for an OEM or Retailer Service Contract Program
TPA in a Box®
A process-driven approach to developing and managing an in-house Service Contract program to deliver an enhanced customer experience and strengthen the program's economics.
Structuring Product Warranty Insurance for a Limited Warranty
Meramec Secure assists OEMs and product sellers in utilizing a Contractual Liability Insurance Policy to enhance a limited warranty or to transfer risk off their balance sheet with no contingent liability.
Forming a Service Contract Provider
When forming a new service contract provider, it is critical to know the options for how to structure the provider, selecting the right partnerships for technology, insurance underwriting, legal and compliance, regulatory support, profit participation models, and many other elements. Meramec Secure®; can help with each step of the process.
Structuring Product Warranty Insurance for a Limited Warranty
Meramec Secure assists OEMs and product sellers in utilizing a Contractual Liability Insurance Policy to enhance a limited warranty or to transfer risk off their balance sheet with no contingent liability.
Enhancement Benefit Programs
Meramec Secure® has an extensive array of low-cost enhancement products that perfectly complement Vehicle Service Contracts, GAP, Home Warranties, PMI, Initial and Refinanced Mortgages, IoT Devices, and many other products.
Subscription-Based Programs
Meramec Secure supports monthly subscription programs for service contract programs.
Benchmarking Existing Programs
When was the last time you benchmarked your Service Contract Program? Meramec Secure® can assist you in making sure you have a competitive program.
Meramec Secure®, Inc.
108 S. Wynstone Park Drive, Suite 111
North Barrington, IL 60010
Phone: (847) 275-8497
Email: mike@meramecsecure.com
Book a Meeting: https://calendly.com/mike-frosch
108 S. Wynstone Park Drive, Suite 111
North Barrington, IL 60010
Phone: (847) 275-8497
Email: mike@meramecsecure.com
Book a Meeting: https://calendly.com/mike-frosch
