Insurance Policy Premium Finance Option Now Available for Non-Profit Organizations

CAMBRIDGE, ON, April 28, 2014 /CNW/ - Frank Cowan Company's Specialty Programs & Associations business segment now offers Canadian non-profit organizations the option of financing their insurance policy through monthly instalments.

Premium financing is offered through Fountain Street Finance (a wholly owned subsidiary of Frank Cowan Company's parent Company, Princeton Holdings Limited) with services provided by Policy Bill.

Frank Cowan Company launched this new service as a result of direct feedback from the Canadian broker network. The Company was told that clients often have difficulty securing financing for their entire premium upfront because it affects their cash flow. In response, Frank Cowan Company, in conjunction with Fountain Street Finance and Policy Bill developed a premium financing solution that helps non-profit organizations budget for their insurance costs accordingly throughout the year.

"Payment flexibility is important to customers and Frank Cowan Company is pleased to meet this need by providing a premium finance option at competitive rates that does not impact a customer's existing credit facilities.  Online premium finance quotes and binders make this an easy way to close the deal", says Michael Lough, VP, Programs, Frank Cowan Company.

Because so many brokers across the country already partner with Policy Bill, setup is easy and they can begin to offer premium financing immediately.

For more information, visit policybill.com or email premiumfinance@frankcowan.com.

About Frank Cowan Company

Frank Cowan Company is a Canadian leader in providing specialized insurance programs, including risk management and claims services for municipalities and public service, healthcare, education, community, children's and social service organizations across Canada. Proven industry knowledge, gained through over 85 years of partnering with insurance companies and independent brokers, gives Frank Cowan Company the ability to effectively manage the necessary risk, advisory and claims services for both standard and complex issues.

Frank Cowan Company's head office is located in Princeton, Ontario with a branch office in Cambridge, Ontario.  Clients and broker partners receive support out of both locations. 

For additional information about Frank Cowan Company visit www.frankcowan.com. For risk management thought-leadership articles, checklists and tools visit excellence.frankcowan.com.

SOURCE Frank Cowan Company

For further information: Caryn McLean, Manager, Marketing & Communications, Frank Cowan Company, 1-800-265-4000 ext. 55344, caryn.mclean@frankcowan.com