BETHESDA, Md. - The Assured Companiesâ„¢, through its RestAssuredâ„¢ division, has introduced a fixed price repair and maintenance program for the hospitality industry.

"We are excited about our new hospitality division and we've already signed with Fairmont Hotels and Columbia Hospitality," stated Mark Bucher, founder of The Assured Companies.

"Our programs are saving businesses up to 20 percent of annual expenditures on repair and maintenance," said Bucher. "The programs effectively allow our customers to flat line and reduce shareholder liability by eliminating the financial risks associated with repairs and maintenance."

The Assured Companies has introduced similar fixed price repair and maintenance programs in the restaurant industry through its DineAssuredâ„¢ division, as well as to grocery stores, convenience stores, and gas stations through its OperationsAssuredâ„¢ division. "Restaurants are catching on, and we have seen tremendous success through our DineAssured division," said Bucher. "We know there is an equal need for our programs in other industries, which is why we launched two other divisions, RestAssured and OperationsAssured."

The programs offered provide customized repair and maintenance programs where the customer calls one number for all of their repair and maintenance needs. The programs feature an embedded insurance component which covers the customer's equipment, as well as additional services such as preventative maintenance on all covered equipment, HVAC, extermination, fire suppression, and elevators.

"Our programs not only save our customers money, but they help to streamline operations," noted Bucher. "For a fixed monthly fee, with no deductibles or other hidden fees, our customers receive comprehensive coverage and no longer need to deal with the hassles frequently associated with repair and maintenance. They can use their own in-house vendors to perform the work, or our national network of certified vendors, whichever they choose. It's a very flexible program, which has been one of our strong selling points."

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Publication date: 05/09/2005