HEVI Corp., a manufacturer of all-electric heavy equipment, announced it is partnering with Assurant, Inc., a global business services company that supports, protects, and connects major consumer purchases like automobiles, as well as commercial equipment including heavy construction, agriculture and forestry equipment.
With more than 30 years of equipment protection expertise, Assurant is a market leader in protection products for the commercial equipment industry, providing a full suite of protection products and services, including extended service protection plans, physical damage protection, portfolio protection, insurance tracking services and more, through point-of-sale solutions for equipment dealers, original equipment manufacturers, and financed equipment protection for financial institutions.
Through this partnership, HEVI customers will be able to purchase an Assurant Extended Service Contract (ESC) to protect covered equipment beyond the manufacturer's base warranty period.
Raymond Wang, CEO of HEVI, said, "We are constantly enhancing and simplifying the purchasing and ownership experience of HEVI's all-electric heavy equipment. Customers are our top priority and by partnering with Assurant, we can give them even higher confidence with a top-tier extended service contract that ensures long-term coverage. We expect this extra layer of protection will serve as another positive catalyst as we work to increase sales and build long-term value to our shareholders."
"We are pleased to offer industry-leading protection products for the rapidly expanding HEVI industrial vehicle franchise," said Dan Lenczner, SVP, Affinity & Commercial Equipment, Assurant Global Automotive. "As a leader in both heavy equipment and automotive electric vehicle (EV) protection solutions, Assurant is well-positioned to support HEVI in bringing innovative solutions to their electric heavy equipment business. This also aligns with our mutual sustainability goal of bringing solutions that help minimize the carbon impact on our global climate."