Founded in 2001, Ag Guard provides risk management solutions primarily to the agricultural industry. The company's principal product is extended service contracts (ESCs) on farm machines that are sold through implement dealerships. Such contracts are sometimes referred to as extended warranties or service plans. The company does not sell directly to consumers but has programs that are marketed through equipment manufacturers. Ag Guard was the first third–party provider of ESCs for farm equipment.
Ag Guard is dedicated to helping those who rely on our products succeed financially with solutions that are fair and delivered quickly. We will exceed our customer's needs through continuous improvement and hard-working people who are ethical, knowledgeable, and focused on mutual success.
Our products are designed for businesses (farms, ranches, government, etc.) who are sophisticated users who know how to safeguard and maintain their equipment. Our products protect them against failures they cannot foresee or prevent. That allows us to provide lower pricing. We base our pricing on our extensive experience with each particular machine's condition. We believe this is the fairest approach to pricing because it is not market-driven; it is derived from the actual value the coverage provides.
"Over 60% of farm machines purchased in North America over $10,000 would benefit significantly from an Ag Guard extended service contract because of the positive impact to the enterprise derived from the risk mitigation and the equipment's increased trade-in value while covered." —2012 Actuaries Report provided by Wild Jay, Inc.