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PRESS RELEASE
FOR IMMEDIATE RELEASE
Harco and Compli Align to Bring Automated Compliance Management and Loss Control Capabilities to Auto and Truck Dealerships
Harco and Compli today announced a new alliance that will provide an unprecedented compliance management, insurance and loss control package to auto and truck dealers that they expect will lead to improved compliance coverage as well as decreased claims and costs to dealers.
Tuesday, January 29, 2008
Chicago, Ill. — Harco and Compli today announced a new alliance that will provide an unprecedented compliance management, insurance and loss control package to auto and truck dealers that they expect will lead to improved compliance coverage as well as decreased claims and costs to dealers.
Al Birch, Senior Vice President of Harco says, "We focus on auto and truck dealerships, and we take great pride in providing dealers with superior insurance and loss control products and services. We made an informed decision to partner with Compli to better serve our clients after observing the effectiveness of their unique compliance management and loss control system over the last few years. We strongly believe our combined capabilities will provide a quantum leap in a dealership's ability to conduct required compliance activities and to leverage Harco's loss control programs. By leveraging what we both do best, this alliance can greatly increase the protection of our clients and facilitate cost reductions in a variety of areas across the dealership. This includes, very importantly, the ability to have a positive impact on a dealer's loss trends over time."
Lon Leneve, Compli President and CFO, agrees the new capabilities will redefine how dealers address their insurance and loss control challenges. "Dealers live in a relentless business environment. They must keep up with sales and operating challenges, growing regulatory compliance requirements and employee issues as well as address the multiple risks every dealer faces. Yet most dealerships continue to combat these challenges with costly, outdated and disconnected manual and paper-based processes. They simply can't keep up with today's high-risk, regulation-driven world with these traditional approaches. Like Compli, Harco recognizes the need to leverage technology and automation to help them better protect themselves. That's why Harco will encourage dealers to implement and leverage Compli's automated Web-based Dealership Compliance Management System to not only conduct compliance activities, but also to attack multiple risks via superior loss control capabilities and automated processes. We are thrilled to be partnering with them on such an exciting development in dealership risk management."
Dealers can benefit from this new alliance immediately. To learn more contact your Harco or Compli representative directly, or contact either company via the information provided below.
About Harco
Since 1973, Harco National Insurance Company worked to become one of the most respected providers of transportation-related insurance in the country. Harco's parent has assets of over $1 billion, and both are rated A- (Excellent) by A.M. Best, giving Harco the financial strength to back up its commitment to their core business: providing insurance products focused on truck and auto dealers. The company has enjoyed an uninterrupted record of net operating gains and has a solid, conservative reinsurance program in place. With this strong foundation, Harco is well-positioned to maintain its outstanding customer service while continuing to develop products and services that have made it the first choice of franchised truck and auto dealers nationwide. For more information on Harco's insurance products and services or to arrange a meeting, visit www.iat-harco.com or call 1-800-448-4642 toll free.
About Compli
Compli, the leading provider of on-demand compliance management software for U.S. automotive and trucking dealerships, is headquartered in Portland, Ore., with regional offices in California, Texas, Massachusetts, Ohio and Florida. Dealerships interested in assessing their current level of regulatory compliance may receive a free, online Dealership Compliance Assessment (DCA) at www.compli.com/harco.
For more information on the Compli DCMS or to arrange a product demonstration, visit www.compli.com or call 1-866-294-5545 toll free.
Compli is a registered trademark of Compli. All other legal marks are the property of their respective owners.
