Service Business Mastery for Skilled Trades: HVAC, Plumbing & Electrical Home Service

Warranty Strategy for HVAC Contractors to Build Wealth, Cut Risk & Boost Exit Value with Jacob & Wil

Jun 11, 2025
Join Jacob Gee, CFO of Gee Heating and Air, and Wil Kinsey, Director of Sales at Conduit WC, as they dive into the world of HVAC warranties. They reveal how innovative warranty programs can significantly increase profits and reduce risks for contractors. Listen in as they discuss how simple warranty plans can enhance customer trust and financial stability. They also explore the balance between managing costs and maximizing profits, emphasizing the importance of clear goals and peace of mind for steady business growth.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Warranty Company as Asset

  • Setting up a contractor-owned warranty company turns liability into a profitable asset.
  • It keeps most premium money in-house while backed by major insurance for protection.
ANECDOTE

Jacob's Warranty Launch Success

  • Jacob Gee launched his contractor warranty company program with 5, 10, and 12-year labor warranties.
  • It boosted sales and built generational wealth without increasing administrative overhead.
ADVICE

Warranty Premium Fund Management

  • Manage warranty premiums in two accounts: A for unearned and B for earned premiums.
  • Invest the B account freely after maturity for growth and financial flexibility.
Get the Snipd Podcast app to discover more snips from this episode
Get the app