FieldTurf, a subsidiary of Tarkett Sports, confirmed today that its aggregate limit per policy year on its prepaid warranty insurance policy has increased to US$13,000,000. The company is once again setting the standard in the industry for ultimate customer protection. The policy previously had a US$10 million limit annually and this US$3 million dollar increase further separates Tarkett Sports from the competition when it comes to customer protection. With the organization’s industry leading policy, there is no deductible, no limit per claim, no retention, and no retention period. All FieldTurf fields are automatically covered upon issuance of the Warranty Certificate.
In addition to the rock solid warranty policy, Tarkett Sports continues to earmark $500,000 in an ‘In Trust’ bank account to serve as a preliminary layer of protection which is exclusively for small warranty repairs - to cover any possible repair work needed on projects installed.
“This is a very significant financial milestone as this kind of security has never been equaled in this industry”, said Tarkett Sports CEO Joe Fields. “With the failures of artificial turf companies in the past, it should be comforting to clients that Tarkett Sports is financially protected from catastrophic product failures and that our clients themselves are protected in the unlikely event Tarkett Sports ceases to be around to warrant its products. Over thirty companies in the artificial turf industry have gone bankrupt in recent years, leaving their customers with no protection and worthless warranties. We go forward never looking back because we continue to set the bar and have invested in our security and that of our clients. We have secured this by paying out over $9 million in insurance premiums in the past 7 years alone”.
