Insurance Premium Finance
Insurance premium funding (or finance) is a short-term lending arrangement, that allows you to spread your business insurance payments over a term, ranging between 6 to 12 months.
It is a fixed rate loan made to a business to finance the cost of the premiums on certain types of business insurance Including:
- General business Insurance premiums.
- Vehicle fleet policies including registration fees and CTP insurances.
- Public liability Premiums.
- Professional indemnity.
- WorkCover.
What are the benefits of Insurance Premium Funding?
- Finance is generally available without tying up other business and personal assets.
- Competitive, fixed monthly instalments available.
- Deductions may be available on the interest paid.
It is available to businesses with a total insurance cost of $5,000 or more.
Repayments are made in equal monthly instalments.
Under normal circumstances, no security is required other than the insurance policy.
