Car Care

Toco Guarantee Launches the First and Solely Prolonged Auto

HOUSTON, Aug. 23, 2022 (GLOBE NEWSWIRE) — Toco Guarantee, the best overall-rated supplier of Automobile Service Contracts (AKA Prolonged Car Guarantee), as reported by the Higher Enterprise Bureau and Client Affairs, now presents plans on to employers as an worker office profit, along with their direct-to-consumer line. The announcement was made by Brad Basmajian, COO, Toco Guarantee.

Toco Guarantee’s expanded providing, known as Toco at Work, now offers employers, for the primary time, the chance to buy protection for his or her staff as a office profit, to not solely enhance the worker expertise but additionally to extend effectivity and productiveness in enterprise operations. The brand new providing coincides with the launch of an enrollment web site with its service associate for billing and advantages administration, Genius Avenue, which has greater than 20 years of expertise in optimizing buyer enrollment and engagement.

“There’s nothing akin to this out there, and no different plan presents our vary of protection at this stage and value,” stated Basmajian. “We’re the primary and solely supplier on this house differentiated by our personal plan with claims administered in-house, not by means of a 3rd celebration, enabling us to regulate each facet of the client expertise.” Backed by an A-rated insurance coverage provider, Toco’s companies embody direct fee to restore services for permitted claims, 24/7 roadside help, towing and automobile rental reimbursement.

Toco at Work is a model new service providing, based and developed by the identical senior stage government group that developed LifeLock, the worldwide chief in client cyber security, trusted by 80 million customers in additional than 150 international locations, and the #1 most acknowledged model in identification theft safety.

As many companies at the moment are returning to the workplace and requiring staff to extend use of their private automobiles, employers are looking for new methods to extend worker retention within the time of the Nice Resignation and historic inflation.

“Toco Guarantee is the Gold Commonplace of auto service protection,” stated Brian Jund, Managing Associate for Nationwide Profit Companions, an impartial advertising and marketing group for worker advantages and worksite insurance coverage applications, which serves an elite group of member companies for choose insurance coverage carriers.Our mission is to ship essentially the most aggressive and complete profit options to staff and their households by means of our companions throughout the nation. Toco exceeds expectations by providing automobile safety protection at a fraction of the worth that may very well be attained anyplace else, and elevating the worker expertise whereas offering employers a software in profitable the conflict to draw expertise.”

Whereas launched in Los Angeles in 2012 as a direct-to-consumer automobile service contracts supplier, Toco Guarantee shifted its enterprise mannequin to incorporate providing service as an worker profit in March 2020, on the peak of pandemic. Toco developed its program by working intently with Human Assets professionals to establish optimum worth for employers to extend productiveness and retain staff, and supply extremely impactful protection for its staff, in a market estimated at roughly 180 million automobiles, with 69 million automobile breakdowns reported yearly.

This protection is crucial in offering continuity for enterprise operations, significantly in outlying and rural geographic areas for a workforce reliant on private automobile transportation. Whereas spanning just about each sector of the economic system depending on protection for older automobiles, crucial areas embody well being care, first responders resembling police, firefighters and EMTs, labor and provide chain employees, and retail staff from meals to client items. The plan is run by means of an computerized payroll deduction just like different worker profit applications resembling well being care and retirement plans.


Based in 2012, Toco Guarantee is the best overall-rated supplier of prolonged car guarantee plans (AKA Automobile Service Contracts) as reported by the Higher Enterprise Bureau and Client Affairs. In 2020, Toco Guarantee expanded its providing to incorporate the primary and solely automobile service plan supplied on to employers as an worker profit program. Toco’s mission is to supply drivers complete and simple-to use automobile restore protection that may be bought utilizing a month-to-month fee plan. Backed by an A-rated insurance coverage provider, the corporate presents automobile service contracts nationwide, as nicely as mechanical breakdown insurance coverage for California residents. Toco’s plans cowl elements for a automobile’s engine, transmission, drive axle, electrical, cooling system, AC, gasoline system, and extra. Toco’s dedication to placing clients first is supported by industry-leading instruments and advantages, from a buyer portal and 24/7 roadside help to its concierge service, and the Ethos Council, which was designed to encourage transparency and moral practices throughout the corporate.

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Mitch Breindel
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