ESAs extend the manufacturer's warranty on expensive HVAC / R / plumbing equipment, and protect against unexpected and untimely costly repairs. We can cover all brands and types of equipment.
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Equipment owners are looking for ways to protect against the financial burden of their commercial HVAC and refrigeration systems failing.
The costs associated with replacing and repairing these systems continue to climb and equipment owners are looking to see what options are available. Many business owners are turning to insurance companies for their commercial and industrial building’s HVAC/R system coverage.
Commercial HVAC/R equipment (Rooftop Units, Chillers, Cooling Towers, Etc.) continue to become more and more sophisticated as technology advances and the push for decarbonization continues. This is one of the factors that makes it difficult for insurance companies to provide coverage for these systems. The process for obtaining some type of coverage from an insurance carrier can be a challenge and most providers aren’t experts in the industry and don’t provide the type of coverage and support necessary to adequately provide coverage for HVAC and refrigeration systems. There are other options available for commercial and industrial equipment coverage
Extended Service Agreements have become the "go to" method to cover commercial and industrial HVAC equipment. Trinity specializes in providing coverage for equipment owners with options that protect against labor and parts expenses associated with repairs. Coverage options can range from 1 year up to 10 years. The main advantage of using an ESA from a company that specializes in commercial and industrial HVAC and refrigeration equipment is the experience that comes with it. Trinity can quickly assess the coverage needs of complex systems and quickly generate custom coverage, as well as off the shelf pricing for more common applications like a typical commercial RTU (Roof Top Unit).
ESA’s, most commonly referred to by the public as extended warranties, are typically purchased at the time of installation. Contractors offer some level of standard coverage with their installs and typically will work with the manufacturer or a company like Trinity to provide extended coverage to supplement the manufacturer’s warranty. For parts coverage, if the manufacturer was the provider, they would offer a new part during the coverage period in exchange for the failed part. If the part is covered by a third party the cost of the new part is reimbursed by the third party. With labor coverage, a contractor would submit a claim to seek reimbursement for the cost associated with a repair. The equipment owner is only responsible to sign a work order verifying the work was completed. There are typically no deductibles or authorizations required by the coverage provider. The contractor essentially addresses the failure and the coverage provider, either the third party or the manufacturer would reimburse the contractor.
If you are an equipment owner that would like see what options are available, feel free to reach out to us
If you are a contractor that would like to offer parts and labor coverage to your customers, feel free to reach out to us
