As a business owner, it’s important that you have sufficient support for your company’s credit management, and that you don’t have to turn down sales opportunities because of buyer credit.

 

Millennium CreditRisk Management offers an innovative made-in-Canada product that provides access to credit insurance product, where all decisions relating to underwriting, credit limit approvals and claims are managed in Canada. The program covers both domestic and export sales.

 

The benefits and features include:

• Clear policy language

• Automatic construed coverage (firm orders received remain covered if shipped within 30 days of a notice to reduce or withdraw coverage)

• Flat premium calculation (Non-adjustable and no sales declaration required)

• Premium payment installments

• No minimum premium if policy cancelled

• Automatic buyer approvals up to $5,000 (Subject to cap of $10,000)

• Expedited claims payment for insolvency claims

• No collection fees

• Millennium assistance in expediting credit limit approvals

 

Credit Insurance is more than just credit protection. It also provides:

• Protection for your balance sheet for one of your most valuable assets

• Improved margining on bank lending lines

• Ability to factor or discount and improve cash flow

• Increase sales in existing and new markets

 

Contact us today to learn how credit insurance can protect your company and allow you to profitably grow your business and expand into new markets!

 

 

Program underwritten by the Guarantee Company of North America.

Financial Ratings – S&P A- Stable; AM Best A Excellent