Escape The One Man Show
Most contractors sell extended warranties and never think twice about how broken the model actually is. Homeowners pay upfront, and when they actually need a repair the manufacturer or third party warranty company makes it nearly impossible to use. Low labor rates. Denied claims. A processing nightmare that benefits everyone except the contractor and the customer. In this episode, Derek Cormier sits down with Will Kinsey, owner of Conduit Warranty, to break down a completely different model. One where the contractor owns the warranty company itself instead of handing that revenue and control to someone else. Will walks through exactly how this works, why it is structured to be fully legal and compliant, and how contractors end up owning the majority of the money instead of giving it away. He also shares how he personally incentivizes his own management team with a percentage of the revenue instead of giving up ownership, and what that means for contractors thinking about doing the same with their leadership. This is a real, detailed breakdown for any contractor who has ever sold a manufacturer extended warranty and wondered why the customer experience on the back end is so painful, or who simply wants to know if there is a better way to build long term value into their business. What You Will Learn: Why traditional manufacturer and third party extended warranties are broken for both the contractor and the customer. How a contractor owned warranty model is structured to stay fully legal. How the money flow works and how much of it the contractor actually keeps. How long warranty funds sit before becoming accessible and whether they can be invested. What trades and what types of equipment this model can be used for. How long warranty terms can run. How to get started and what it costs to implement. What companies are already using this model successfully. Topics Covered: Contractor owned warranty programs. Extended warranty alternatives. HVAC plumbing and electrical warranty strategy. Building recurring value into a trades business. Warranty claims processing. Manufacturer warranty problems. Contractor compensation and incentive structures. Trades business growth strategy. Home service revenue models. Who This Episode Is For: This episode is for HVAC contractors, plumbers, electricians, and home service business owners who currently sell manufacturer or third party extended warranties and want a better option. It is for contractors who have dealt with denied claims, low labor reimbursement rates, or a painful process on behalf of their customers. It is for any trades business owner looking for a new way to build long term value and recurring revenue into their company. About Escape the One Man Show: Escape the One Man Show is a podcast for contractors and trades business owners who are tired of being the bottleneck in their company. Host Derek Cormier shares the leadership lessons, systems, marketing strategies, and operational frameworks that helped build Climate Experts into a multi million dollar home service business. Have a question you want answered on the show? Call 321-495-7788 and leave a voicemail. Your question may be featured in an upcoming episode.
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