Insurance premium funding
Managing you essential outgoings
Insurance premium funding is the ability to pay the premium as demanded by the insurance company either monthly or quarterly.
Insurance premiums are payments made to insurance companies to cover the cost of an insurance policy for a given period of time.
Depending on the levels of cover and the number of policies this may be a substantial amount of money that needs to be paid at one time.
Premium funding finance is an affordable way to spread your insurance premium over a 6-12 month period. This will free up your cash flow to reinvest back into your business.
Rent Lease Group can help you organise Insurance Premium Finance packages for businesses of all sizes for requirements upwards of $10,000.
Finance companies and banks have various terms for premium funding. In essence all of these are the same except they cover differing areas. These include and are not limited to:
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Professional indemnity funding or finance
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Professional fee funding
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Workers Compensation funding.
By using insurance to pay for these unwanted pressures on cash flow, you do not have to utilise your overdraft where you have had to utilize your bricks and mortar security.
All payments are fully tax deductible and best of all these policies put you in a position to utilise your cash to develop your business.
If you would like more information on insurance premium funding, please call Rent Lease Group now on 1300 309 806 (Australia) or click here to have a representative contact you as soon as possible.