Assurant, a global provider of risk management solutions, has partnered with CNH Industrial Capital, the financial services arm of CNH Industrial, to offer equipment protection and insurance products through CNH Industrial’s dealer network. The partnership aims to provide customers with better protection solutions and improve the customer experience, product offerings, and alignment with base warranty. In this article, we will discuss Assurant Commercial Equipment, CNH Industrial, the multiple protection and insurance products offered, partnership expertise, customer experience improvement, focus on commercial equipment business, other Assurant partnerships, the full suite of protection products and services, and the significance of the partnership for the commercial equipment industry.
Assurant Commercial Equipment
Assurant Commercial Equipment has positioned itself as a market leader in protection products for the commercial equipment industry. With over 30 years of experience in this sector, Assurant offers customized protection products for business owners, rental companies, dealerships, and equipment manufacturers. The protection products cover a wide range of equipment, including construction, agriculture, landscaping, material handling, and transportation. Assurant’s tailored approach to protection enables equipment owners to choose plans that fit their specific needs.
CNH Industrial
CNH Industrial is a global leader in agricultural and construction equipment and services produced through its family of brands, including Case IH, New Holland Agriculture, and Iveco. With over 120,000 employees worldwide, CNH Industrial operates in 190 countries, producing a wide range of products, including tractors, agricultural machinery, construction equipment, and commercial vehicles.
Multiple Protection and Insurance Products
CNH Industrial dealers in the United States will be able to offer multiple equipment protection and insurance products to their customers thanks to the partnership between Assurant and CNH Industrial Capital. The offered products reportedly include service contracts, extended warranties, damage protection, guaranteed asset protection (GAP), credit life and disability insurance, and building and inventory insurance. The comprehensive range of protection and insurance products aims to cater to the varying needs of commercial equipment buyers and improve their overall experience.
Partnership expertise
The partnership combines the expertise and support of an established, best-in-class equipment protection and insurance product provider with CNH Industrial’s deep experience in catering to the needs of agricultural and construction equipment buyers. The partnership’s aim is to complement each other’s expertise and provide better protection products and services to commercial equipment owners.
Improving Customer Experience
The partnership aims to improve overall customer experience, product offerings, and alignment with the base warranty. The goal is to provide customers with a seamless buying experience that extends from the purchase of their commercial equipment to handling any claims or issues. The partnership’s protection solutions also align with CNH Industrial’s base warranty, intended to improve equipment owners’ confidence.
Focus on the commercial equipment business
The partnership focuses on providing best-in-class protection solutions that meet the evolving needs of the commercial equipment business. By combining Assurant’s expertise in protection products and CNH Industrial’s experience in commercial equipment, the partnership aims to provide customized and comprehensive protection solutions to a broad customer base.
Other Assurant partnerships
Earlier this year, Assurant partnered with Avenue5 Residential to provide renters’ insurance. This partnership aims to offer a protection solution for apartment residents that combines technology and personalized service.
Full suite of protection products and services
Assurant provides a full suite of protection products and services that aim to help customers protect themselves from a wide range of risks. The company offers protection for businesses, homes, vehicles, mobile devices, appliances, and other valuable assets. Assurant’s protection products can be tailored to meet the specific needs of the customer, whether it’s for a single item or a comprehensive risk management solution.
In conclusion, the partnership between Assurant and CNH Industrial Capital aims to provide better protection solutions to commercial equipment owners in the United States. By combining the expertise of an established, best-in-class equipment protection and insurance product provider with CNH Industrial’s deep experience in catering to the needs of agricultural and construction equipment buyers, the partnership aims to improve the overall customer experience, product offerings, and alignment with base warranty. With Assurant’s full suite of protection products and services, the partnership aims to provide comprehensive protection solutions to a wide range of customers. As a result, the partnership is expected to have a significant impact on the commercial equipment industry by offering better protection solutions and improving the customer experience.