Small Business Loan Insurance
For loans under $100,000, you can apply at Provincial Credit Union and your protection could begin right away. Coverage is also available on loans up to $500,000.
It's a sensible solution when:
- New borrowing and increased debt raises your risk of financial loss.
- Family responsibilities rely on income from your business.
- Business partners share business debts equally.
- Losing a partner's profit producing ability raises financial concerns.
Creditor’s group insurance coverage is optional and is underwritten by Co-operators Life Insurance Company. Supporting services, such as enrollment intake, medical underwriting and claims administration are provided by the employees of CUMIS Services Incorporated. Coverage is governed by the terms and conditions of the creditor’s group insurance policy issued to the creditor and is subject to terms, conditions, exclusions and eligibility requirements. See the Product Guide and Certificate of Insurance for full coverage details.
