Credit Insurance
Service Group
has been serving automobile dealerships since 1969 and is the largest writer of
credit insurance in Texas.
Service Group services over 350 automobile dealerships throughout Texas, New Mexico,
Colorado, Louisiana, Arizona, and other states. Other services provided on behalf
of automobile dealerships include management of dealer-owned reinsurance companies;
accounting, reporting, and tax work; and investment management services.
GAP Insurance
Always a leader in product innovation, Service Group markets a
Guaranteed Automotive Protection (GAP) program through Service
Lloyds. GAP coverage provides benefits to the consumer so tangible that many will
not purchase a vehicle without this protection. Covering the customer in the event
of negative equity has proven a successful venture for many dealers while providing
an important benefit to the consumer.
Vehicle Service Contracts
Service Group has been providing vehicle service contracts to customers and dealerships
since 1982. A vehicle service contract provides mechanical breakdown coverage once
the Original Manufacturer's Warranty expires.
In our on-going effort to provide our dealers with the most comprehensive and profit
driven programs in the market, Service Group has developed
Preferred Protection Plan. This program has a variety of plans
and coverages with income opportunities for fixed and variable operations.
Secure Dealer Solutions
The Secure Dealer Solutions division includes Security Solutions (anti-theft coverage/ID
theft protection), SecureTire (road hazard coverage), and SecureShield (paint and
fabric protection). These
aftermarket
products are a great source of additional income for F&I and provide customers
with a wide selection of benefits that offer multiple layers of protection.
Paintless Dent Repair
Service Group's Paintless Dent Repair product is called PDR by Preferred. PDR by
Preferred is a high penetration product that yields strong profits for F&I departments.
The PDR by Preferred program protects customers’ cars against door dings and small
dents without the need for expensive and often time-consuming body shop repairs.
Onsite Training
Sales Solutions - has become
the recognized leader in innovative automotive sales training. Working hand in hand
with dealership personnel, training specialists form relationships of trust and
respect. Leading by example, our team demonstrates how to maximize profitability
in variable operations.
Fixed Solutions - Recognizing
a need for training in fixed operations, Fixed Solutions educates dealership personnel
to take advantage of missed opportunities and implement procedures to become more
efficient. The educational tracks include service writer sales training, extended
service agreement selling on the service drive, advanced service writer training,
and warranty administration training.
Workers' Compensation
Workers' compensation is
a state-regulated insurance program that pays medical bills and replaces some lost
wages for employees who are injured at work or who have work-related diseases or
illnesses.
Texas employers may choose whether or not to maintain workers' compensation insurance.
Employers who choose to have insurance may purchase policies from private insurance
companies, such as Service Lloyds, or self-insure, if they meet the requirements
of the Texas Workers' Compensation Act and are certified by the Texas Workers' Compensation
Commission.