Protection Point Service Plans, Inc.

Protection Point Service Plans Inc. is an insurance services company that designs, sells, and administers extended service plans for heavy commercial equipment in Canada. Its plans pay for repairs to mechanical and electrical breakdowns after the manufacturer’s warranty ends. It covers new and used machinery in four industries: construction, agriculture, material handling, and forestry. It works through equipment manufacturers, distributors, and dealerships. Dealers sell its plans to their equipment-buying customers when a machine is purchased, and Protection Point builds dealer-specific warranty programs, handles enrollment and claims, and provides sales support. The plans are underwritten by American Bankers Insurance Company, an Assurant subsidiary. It also runs the Canadian extended-coverage program for some manufacturers, such as GiANT compact loaders. It is a licensed insurance brokerage with a small team of about 11 to 50 employees, serving dealers across Canada. Founded in 2005, the company is headquartered in Delta, British Columbia, Canada.