Luxsure provides an industry leading,

cost-effective, route to an insurance backed warranty scheme for LED lighting manufacturers.

Backed by certain underwriters at Lloyd's of London, Heritage Insurance Brokers and independent testing and verification from LUX-TSI.

How can you assure customers that your product warranties are robust and fully supported?

 

How can you offer a unique selling proposition in
a competitive tender situation?

 

How can you remove balance sheet liability and provide peace of mind?

 
 
 

A clear route to insurance backed warranties

Luxsure unique service includes:

  • Verification of your product’s quality and key physical aspects - including thermal, electrical, mechanical and chemical characteristics

  • An objective assessment to be used by the insurance underwriters to rate the risk of failure

  • Administration of the extended warranty program, which can include factory audits, site visits and market surveillance

  • Administration of the claims handling process, using industry acknowledged expertise to advise
    HISL on claim validity

End Customers

  • Provides peace of mind if product fails before the payback period

  • Will work with key parties to provide alternative products if the manufacturer ceases trading

  • Can cover (optional) the cost of removal and re-installation of any failed luminaires

  • Ensures the manufacturer maintains the highest standards through independent, third party testing, market surveillance and factory visits

Manufacturers

  • Reduces financial liability

  • Frees up balance sheet cash reserves

  • Provides greater returns to shareholders

  • Provides easier access to finance

  • Releases ‘ring-fenced’ cash for R&D

  • Accelerates sales

  • Enhances your competitive USP

Specifiers and Consultants

  • Gives peace of mind, knowing you have guided your client to products that meet key performance specification claimed in the manufacturer's data sheets (e.g. longevity and energy performance)

  • Provides counter claim security knowing the luminaire warranty is supported by a certain underwriter at Lloyd's of London

Contractors

  • Provides a comprehensive policy, avoiding costly returns to site

  • Can cover labour costs (optional) incurred in the unlikely event of a failed unit, requiring repair or replacement

A trusted lighting assurance scheme providing manufacturers with access to insurance backed extended warranties in association with:

Sompo Canopius is a global specialty insurer and reinsurer and is a top10 insurer in the Lloyd’s market. Syndicate number 444.

Heritage Insurance is an independently owned specialist insurance broker regulated in the Channel Islands and the UK. They provide impartial advice to commercial clients.

LUX-TSI laboratories are accredited with UKAS (ILAC), IEC (CB) and BSI as well as operate quality management systems conforming to ISO/IEC 17025.

 
 

© 2018 Luxsure Limted. 

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