premium funding
Premium funding allows you to use your cash flow for more important business expenses and provides and option to pay your insurance premiums sporadically throughout the policy period. The process is simple. The Premium Funder pays the cost of the total premium upfront to the insurer and you make ongoing repayments which includes interest and charges, on terms which best suits you and the business and allowing you to better manage cash flow.
Premium funding has the following advantages:
- The total insurance costs are distributed over a 12-month period, improving cash flow
- You can use premium funding for one or multiple policies
- Any interest payments may be tax deductible