We partner with a number of Premium Funding organisations who offer programs for insurance premiums to be paid on a monthly basis.
There are many benefits:
Premium Funding allows you to eliminate an advance outlay of 100% cash, enabling you to spread payment over a period of time and utilise liquid funds for income generating activities.
Premium Funding acts as an additional line of credit as it does not interfere with your established financial arrangements and may even reduce your current line of credit.
No additional financial guarantees are required, as security is absorbed over the insurance policies and funding enables you to utilise assets for your other business interests.
In addition to commercial insurance premiums being tax deductible, so is the interest charged on Premium Funding.
If you are interested in paying your public liability or other business insurance via premium funding, speak to our insurance broker today!