From credit control and risk management to accounts receivable management and compliance bond insurance, Priority Credit Management Corp (PCM Corp) is one of Canada’s top accounts receivable outsourcing companies.
What It Means to Be Bonded & Insured
If you aren’t familiar with bonding and insurance terminology, you are in good company. Many of our clients do not understand what bonds and insurance are and why they should take it into consideration when vetting a potential credit vendor.
Bonding: PCM has a significant amount of funds flowing into our trust accounts each month. The Clients Trust Bond is an insurance policy mandated by each province. It is used to secure those trust funds in the event we decided to empty the trust account and move to a charming island with no extradition treaty with Canada and live off our clients’ trust funds. If that were to occur, the bond would cover the clients whose money we took.
Insured: The debt recovery industry can be a lightning rod for lawsuits if it isn’t managed correctly. PCM maintains crime/fidelity (theft by an employee), cyber, Errors & Omissions, and Commercial General Liability insurance coverage. If PCM was ever faced with a vexatious lawsuit, internal theft, or security breach, the event could impact the financial viability of the company and put our clients at risk. The insurance we carry helps to offload that risk to the insurance company so we can continue to operate.
PCM’s Robust Bonding & Insurance:
PCM Corp is also a fully Licensed, Bonded & Insured credit management company that meets all Canadian Licensing Requirements. We will go above and beyond to ensure you get the help you need. The main reason we have put time and resources into maintaining these standards is for the protection of our customers.
For Help with Insurance & Bonding
Call Toll-Free 1-866-266-0117