Real Savings, Real Success: See How Caddie Warranty Saves Contractors Thousands Each Year!

What Is DIY Workmanship Guarantee?

Take Control With Your Own Workmanship Guarantee Program

Caddie’s DIY Workmanship Guarantee software enables HVAC contractors to offer their own labor guarantees without relying on third-party warranty providers. Instead of purchasing an extended labor warranty, contractors use Caddie’s software to self-fund and manage their workmanship commitments while maintaining full control over their funds. This program empowers businesses with tools previously accessible only to warranty providers.

Software-Enhanced Setup:

  • Contractors start the program by subscribing to Caddie’s warranty administration software for just $300 per month. This platform is designed by industry experts and enables contractors to manage their reserves more effectively.

Active Reserve Management:

  • As contractors begin utilizing the software, their exact reserve requirements are customized based on real-time data and unique business metrics.

Claims Processing and Adjudication:

  • With Caddie’s software, contractors directly process and adjudicate their own warranty claims.

Financial Leverage and Growth:

  • The reserve fund not only serves as a financial safety net but also as an asset for securing loans or additional funding for business expansion, such as acquiring new equipment or entering new markets.

  • Managing their own reserves might offer certain tax benefits, such as deductions or credits, depending on how the reserves are structured and utilized.

Customizable Coverage Periods:

  • Contractors choose the length and terms of their workmanship guarantees (e.g., 5-year, 10-year, or custom).

  • Offers flexibility to differentiate from competitors and build customer trust.

Expert Guidance:

  • Although the software provides all the tools necessary for self-management, contractors are not alone. As industry experts, we act as your 'caddie,' assisting and guiding you through every step of the process.

Schedule a call to see how much you can save!

This table illustrates a 10-year financial outlook, highlighting potential savings and asset growth when using our DIY Reserve Program vs a traditional 3rd Party Warranty company.

Case Study

Please note: This example does not account for claims, which would be deducted from the annual reserve value.

Summary Of Case Study

Cost Savings

  • The DIY reserve option allows contractors to significantly save on costs compared to using third-party services. Over ten years, the DIY reserve accumulates a substantial amount due to compounded interest, totaling $1,203,504.52, which far exceeds the expense of the third-party service.

Asset Not An Expense:

  • The third-party service maintains a consistent cost of $102,900 annually without any potential for growth or return on the money spent if no claims were filed, denied claims, customer relocates, etc.... In contrast, the DIY option turns the reserve into an asset that grows.

Access To Reserves & Interest:

  • Unlike using a third party program that earns interest off of contractors purchases, contractors can leverage this substantial asset to expand operations, invest in new equipment, or enhance service offerings, directly contributing to business growth and increased capacity.

Tax Advantages:

  • Managing your own reserves might offer certain tax benefits, such as deductions or credits, depending on how the reserves are structured and utilized. This can provide additional financial incentives to choose the DIY route.

Empowerment through Ownership:

  • Contractors who choose the DIY option have full ownership and control over their warranty program, empowering them to make decisions that best suit their business strategy without depending on third-party protocols and processing times.