PLEASE UPDATE YOUR BROWSER

1 Reason Insurance (715)598-9924

Leadership Through Service

  • About
    • Meet the Insurance Agents of 1 Reason Insurance
    • Partner Insurance Companies
  • Personal Insurance
    • Car Insurance Quote for Personal Auto
    • Boat Insurance
    • Home Owners Insurance Application
    • Life Insurance Quotes
    • Motorcycle Insurance
    • Personal Umbrella Insurance
    • Renters Insurance
    • RV Camper Insurance
    • Snowmobile Insurance
  • Business Insurance
    • Commercial Auto Insurance
    • What is General Liability Insurance
    • Rental or Vacant Properties
    • Workers Compensation in Wisconsin
  • Blog
  • Contact 1 Reason Insurance
    • Contribute As Guest Author
Home > Insurance Companies > Insurance News > Toco Warranty Launches the First and Only Extended Auto Repair Coverage Offered Directly as an Employee Workplace Benefit Program

Toco Warranty Launches the First and Only Extended Auto Repair Coverage Offered Directly as an Employee Workplace Benefit Program

Posted on: August 23, 2022 By: Insurance Updates

Highest overall-rated provider of Vehicle Service Contracts expands offering to now include employers to improve the employee experience and increase productivity

HOUSTON, Aug. 23, 2022 (GLOBE NEWSWIRE) — Toco Warranty, the highest overall-rated provider of Vehicle Service Contracts (AKA Extended Automobile Warranty), as reported by the Better Business Bureau and Consumer Affairs, now offers plans directly to employers as an employee workplace benefit, in addition to their direct-to-consumer line. The announcement was made by Brad Basmajian, COO, Toco Warranty.

Toco Warranty’s expanded offering, called Toco at Work, now provides employers, for the first time, the opportunity to purchase coverage for their employees as a workplace benefit, to not only improve the employee experience but also to increase efficiency and productivity in business operations. The new offering coincides with the launch of an enrollment site with its service partner for billing and benefits administration, Genius Avenue, which has more than 20 years of experience in optimizing customer enrollment and engagement.

“There is nothing comparable to this in the market, and no other plan offers our range of coverage at this level and price,” said Basmajian. “We are the first and only provider in this space differentiated by our own plan with claims administered in-house, not through a third party, enabling us to control every aspect of the customer experience.” Backed by an A-rated insurance carrier, Toco’s services include direct payment to repair facilities for approved claims, 24/7 roadside assistance, towing and car rental reimbursement.

Toco at Work is a brand new service offering, founded and developed by the same senior level executive team that developed LifeLock, the global leader in consumer cyber safety, trusted by 80 million users in more than 150 countries, and the #1 most recognized brand in identity theft protection.

As many businesses are now returning to the office and requiring employees to increase use of their personal vehicles, employers are searching for new ways to increase employee retention in the time of the Great Resignation and historic inflation.

“Toco Warranty is the Gold Standard of vehicle service coverage,” said Brian Jund, Managing Partner for National Benefit Partners, an independent marketing organization for employee benefits and worksite insurance programs, which serves an elite group of member firms for select insurance carriers. “Our mission is to deliver the most competitive and comprehensive benefit solutions to employees and their families through our partners across the country. Toco exceeds expectations by offering vehicle protection coverage at a fraction of the price that could be attained anywhere else, and elevating the employee experience while providing employers a tool in winning the war to attract talent.”

While launched in Los Angeles in 2012 as a direct-to-consumer vehicle service contracts provider, Toco Warranty shifted its business model to include offering service as an employee benefit in March 2020, at the height of pandemic. Toco developed its program by working closely with Human Resources professionals to identify optimum value for employers to increase productivity and retain employees, and offer highly impactful coverage for its employees, in a market estimated at approximately 180 million vehicles, with 69 million vehicle breakdowns reported annually.

This coverage is critical in providing continuity for business operations, particularly in outlying and rural geographic areas for a workforce reliant on personal vehicle transportation. While spanning virtually every sector of the economy dependent on coverage for older vehicles, critical areas include health care, first responders such as police, firefighters and EMTs, labor and supply chain workers, and retail employees from food to consumer goods. The plan is administered through an automatic payroll deduction similar to other employee benefit programs such as health care and retirement plans.

ABOUT TOCO WARRANTY

Founded in 2012, Toco Warranty is the highest overall-rated provider of extended automobile warranty plans (AKA Vehicle Service Contracts) as reported by the Better Business Bureau and Consumer Affairs. In 2020, Toco Warranty expanded its offering to include the first and only vehicle service plan offered directly to employers as an employee benefit program. Toco’s mission is to offer drivers comprehensive and simple-to use vehicle repair coverage that can be purchased using a monthly payment plan. Backed by an A-rated insurance carrier, the company offers vehicle service contracts nationwide, as well as mechanical breakdown insurance for California residents. Toco’s plans cover parts for a car’s engine, transmission, drive axle, electrical, cooling system, AC, fuel system, and more. Toco’s dedication to putting customers first is supported by industry-leading tools and benefits, from a customer portal and 24/7 roadside assistance to its concierge service, and the Ethos Council, which was designed to encourage transparency and ethical practices across the company.

For more information, visit www.tocowarranty.com.

To receive a formal proposal, please contact:
Edward Sutton
Edward_Sutton@tocowarranty.com

Media Contact:
Mitch Breindel
mitchell@hundredstoriespr.com
(917) 940-3361

Toco-Warranty Toco Warranty Launches the First and Only Extended Auto Repair Coverage Offered Directly as an Employee Workplace Benefit Program

Comments

comments

Categories: Insurance News Tags: Insurance News

1Reason Agencies

What clients have to say:

Mike T. "I started a business last year and Robert responded to my inquiries immediately, and was extremely helpful and knowledgeable as to the type of insurance coverages I would need to get started. Now its been a year and he now carries All of my coverages! Absolutely the most hands on agent I've ever worked with but hands down the friendliest! I can call him anytime and never feel rushed and not only that but he responded while on a family vacation. I believe in relationships in business and so does Robert by the way he treats his customers. I have a true friend in the business, thank you Robert!"


Lynn R. "Bob is very knowledgeable and has always done a great job explaining different aspects of coverage. He is very accessible and looks out for what is best for the consumer. We highly recommend him!


Justin T. "Excellent agent, always available for answers to insurance related questions. Bob, is the person most people strive to become. Without a doubt, a great person!"


Sebastian T. "I can not begin to tell you how pleased I am with 1 Reason Insurance ! Their responding services is friendly and complete. For the services my company offers to the public it is sure nice to know that we are covered for a reasonable fee. Just having (1 R I ) 1 Reason Insurance there is such piece of mind ! Their insurance plans are strait to the point and easy to understand.
Thanks for the great service 1 Reason Insurance !"


Jeff H. "Very nice and cares about the customer! He was literally the reason why i chose him over other companies for my insurance"

Categories

  • Bonds
    • Performance Bond
  • Bookkeeping
    • Business Taxes
  • Business Marketing
    • Webhosting
  • Car Insurance
  • Commercial Auto
  • Commercial Insurance
  • Court Cases
  • Cyber Liability Insurance
  • Employment Opportunities
  • Employment Practices
  • Flood Insurance
  • Home Ownership
  • Homeowner's Insurance
  • Insurance Companies
    • Insurance News
  • Insurance Terms
  • Investing
    • Finance & Insurance News
  • Life Insurance
  • Non Emergency Medical Transportation
  • Payroll
  • Pinewood Derby
  • Professional Liability / E&O
  • Real Estate News
  • Rental Property Insurance
  • Retirement & Estate Planning
  • RV Insurance
  • Starting A Business
  • Stock Dividends
  • SuiteCRM Insurance CRM
  • Taxes
  • Tips & Advice
  • Travel
  • Uncategorized
  • Worker's Compensation

Recent Posts

  • Vornado Completes Refinancing of Independence Plaza
  • Dalfen Industrial Closes Major Sale of One Million+ SF Houston Logistics Park to Global Tech Giant Foxconn
  • Greystone Provides $58.6 Million Freddie Mac Loan for Multifamily Property in Illinois
  • DeFi Development Corp. and Amber International Announce Strategic Partnership to Expand Solana Market Access and Treasury Solutions
  • La Rosa Holdings Corp. to Expand into Valencia and Canary Islands, Spain following Successful Events in Málaga and Madrid
  • LGI Homes, Inc. Reports May 2025 Home Closings
  • Sun Communities, Inc. Declares Second Quarter 2025 Distribution
  • Greystone Expands FHA Lending Team with the Addition of Corley Audorff and Josh Williams