Insurance Premium Funding

Insurance Premium FundingInsurance can be a very wise investment, but it can also be very expensive. More and more Australian businesses are choosing to finance their insurance premiums with Insurance premium Funding.

The “cash flow” advantages of funding your Insurance Premiums are that you obtain an Additional Line of Credit which preserves working capital for investment in your business.

 

Insurance Premium Finance is available on most types of business insurances, including:

  • General Business Insurance Premiums
  • Motor Fleet Policies
  • Public Liability Premiums
  • Professional Indemnity
  • Motor Registration Fees and CTP Insurance

Below are the Features and Benefits of Insurance Premium Funding.

Features Benefits
Choice of funding terms between six and 12 monthly installments. Provides your business with maximum flexibility in financing your insurance premiums.
 

Spreads the cost of the annual premiums over the insurance term.

 

No lump sum payments.

Enhances cash flow and preserves existing lines of credit, loans and overdraft facilities.

 

Competitive interest rates.

 

Competitive fixed rate, often charged at a rate lower than many alternative methods of financing.

No hidden costs.

Tax benefits on interest paid.  See your tax adviser or accountant for advice.*

 

With WorkCover, full annual premiums, individual installments or adjustments to previous years’ installments can be financed.

 

 Flexibility.

 

Ability to consolidate different insurance premiums on the one finance contract, regardless of when they fall due.

 

Convenient and hassle-free as all payments can be managed by the one facility.

 

Flexibility to nominate preferred repayment date from your nominated account.

 

Can be structured to suite business cash flows.

 

Quick and easy approval process.

 

 

Simple, no fuss application process.

* Tax treatment may vary according to circumstances.  Please consult your tax adviser or accountant

Why Choose us?

Our aim is to build long term relationships with our clients by providing them with  expertise and access to a wide range of finance products. We are able to offer you:

  • Finance transactions that are suited to your business requirements;
  • Additional options compared to what one financier can provide.  We have access to a wide range of Financiers include core financiers (the Major Bank’s) and a number of boutique lenders who specialise in Insurance Premium Finance generally without additional security; and
  • In most cases we can free up security held to be better used for core banking requirements.

We are also proud to be a member of the Commercial Asset Finance Brokers Association  “CAFBA”. CAFBA is the peak professional body of the Commercial and Equipment Finance Industry and membership ensures our client’s that we have the knowledge and expertise to assist with finance requirements plus ensure that we are adhering to ongoing education requirements.

Please go to our Contact Us page and get in touch with a Business Finance and Leasing Broker to discuss how we can tailor the ideal finance package for your business.