Equipment Maintenance Warranty Program

The Equipment Maintenance Warranty Program was developed to provide our medical and healthcare industry partners an advantage over traditional methods.  As the healthcare industry continues to become more sophisticated, the importance of property covering equipment becomes increasingly critical.  NewDay Risk Consulting delivers an efficient program built to improve response time, equipment performance and has a proven history of saving clients 15% to 25% over traditional methods without impacting coverage.

NewDay Risk Consulting partners with an insurance carrier and administrator who are the experts in providing the coverage and the maintenance and warranty contracts and agreements.  Leveraging their volume and buying power, our clients benefit with substantially lower rates versus purchasing direct from a vendor or the OEM.

The Equipment Maintenance Warranty Program was developed to provide our medical and healthcare industry partners an advantage over traditional methods.  As the healthcare industry continues to become more sophisticated, the importance of property covering equipment becomes increasingly critical.  NewDay Risk Consulting delivers an efficient program built to improve response time, equipment performance and has a proven history of saving clients 15% to 25% over traditional methods without impacting coverage.

NewDay Risk Consulting partners with an insurance carrier and administrator who are the experts in providing the coverage and the maintenance and warranty contracts and agreements.  Leveraging their volume and buying power, our clients benefit with substantially lower rates versus purchasing direct from a vendor or the OEM.

Save money without impacting coverage:

  • Reduces your equipment manufacturer maintenance spend.
  • Provides comparable coverage to the Original Equipment Manufacturer maintenance agreements. (covers labor, parts, travel, and tax for preventative and corrective service)
  • Offers additional coverages and services not found in the OEM such as overtime standard rates or choice of service provider.

Efficient approach to asset management:

  • Creates efficiencies by replacing dozens or hundreds of OEM single maintenance agreements.
  • Provides an online portal to track maintenance history, asset inventory, and program savings.
  • Offers one phone number to call for service regardless of equipment type or provider.
  • Capability to add/remove equipment onto the program at any time, prorated to the day.
  • Allows for flexibility to review or adjust service terms more frequently with annual terms versus longer or multi-year agreements.

Improve response time and the quality of service:

  • Access to multiple service providers, including the Original Equipment Manufacturer, and an independent service organization network.
  • Creates competition among service providers leading to the best possible terms, response time, and quality of service work.
  • Provides unbiased reports on vendor usage and equipment performance accessed online, which can be used when making future purchasing decisions.

Typical Equipment Coverage includes:

Medical Imaging equipment, Functional Labs/Respiratory Therapy, Surgery, Patient Care, Laboratory, Cardiology, Security Systems, Information Technology, Communication, General Office, and an array of additional electronic equipment.  – contact us today to learn more

Craig W.
I have had the pleasure of working with New Day Risk the past 3 years with our malpractice insurance. The past year, their team put our policy out to bid and helped direct a comprehensive analysis with various carriers. We ended up with significant financial savings and some nice enhancements to our policy as well.

Craig W.

Clinics and Medical Affairs

I’m ready to eliminate overcharges!