|
 |
 Maintains
a Debt Collection Agency License with the NYC Dept. of Consumer
Affairs, License #1279626 |
| Maintains
membership with the Long
Island Better Business Bureau Grade: A+ |
| Holds
a $1,000,000 Commercial General Liability Insurance Policy
|
Low Rates From Unlicensed Judgment Enforcement Agencies Are
Really The Most Expensive! Insurance
companies do not provide commercial general liability insurance
to a person or business providing debt collection services
if they are not licensed. Insurance companies recognize that
unlicensed debt collection agencies represent too great a
risk to insure at any price. The consequences of hiring an
unlicensed, unqualified company can be disastrous.
Why You May Be Liable for Damage
Caused by an Unlicensed Agency:
Individuals who hire unlicensed agencies
to perform collections may expose themselves to liability
for damages and injuries suffered by third parties. A large
number of creditors have been dragged into litigation involving
uninsured agencies. You probably would not find relief in
a claim against the unlicensed agency to recover from your
loss, since it's unlikely he'd have personal assets worth
pursuing. Stick with a licensed and insured agency such as
HK Recovery Group, Inc.
Why Unlicensed Agencies Cannot
Get Workers Compensation Insurance.
Like general liability insurance companies,
workers compensation insurance companies will not provide
workers compensation insurance to a person or business that
provides collection services unless they are icensed and maintain
reputable references. Insurance companies recognize that an
unlicensed collection agency represents too great a risk to
insure at any price. |
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