MVP – How it works

FEATURES OF THE MAINTENANCE VALUE PLAN (MVP)*

MVP can provide you an overall program of protection and capitation, allowing substantial advantages when compared to traditional OEM or Third Party Service Contract approaches.

MVP’s program gives you the ability to consolidate multiple contracts under one overall program. We work with you to identify the equipment within your facility that makes the most sense to include in the program. We then design the program specifically for your company!

The program is designed around your particular mix of equipment. We can incorporate equipment specific to multiple industry groups.

MVP utilizes the concept of a self-insured retention, which allows your company to pay a pre-determined contract cost, and then accumulate within the Self-Insured-Retention, all of those sums that are paid to vendors over the term of the contract. If these costs exceed the retention, MVP reimburses the business for 100% of the approved costs. If the retention is not exceeded, the company saves additional dollars, holding onto those funds that would have been traditionally expended under service contract.


There are no restrictions on who you can use to perform service on your equipment. If you choose the original equipment manufacturer, or a vendor of your choice, MVP allows you to make that choice!

MVP does not require you to receive pre-approval for repairs. You call who you want, when you want. There are no penalties for utilizing vendors, or for not contacting us prior to the start of a repair. We realize that you need to maintain your equipment in a timely manner and strict requirements of program managers only cause you extended down time and loss of income.

With MVP, we don’t dictate how you utilize service; we only change how you pay for it!

A team of experienced professionals analyzes your current equipment maintenance situation and offers solutions that recognize your current and future equipment maintenance needs. Because we understand how important it is for you to maintain relationships with your current service providers, you remain in control over who services your equipment.

• You control who is called for service

  and

 • You control the timing of the service action.

 By consolidating your current vendor maintenance contracts under one program, we can help eliminate the high costs and inefficiencies of multiple vendor service contracts.

The total program cost of the MVP program includes a deductible and premium payment. Once the deductible has been exceeded your facility will receive reimbursement for the costs of repair and scheduled maintenance work performed on covered equipment. The MVP program can provide immediate hard dollar savings and is backed by the financial strength of a global insurance provider.

The MVP program provides:

• One of the most comprehensive coverage in the industry – 24 hours a day, 7 days a week

• Accessible and dependable engineering support services

• Sophisticated on-line management reports that are easy to understand.

 

  * Limits of liability and exclusions apply. Please see service agreement for complete details of coverage

 

 

 

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