Pay your insurance premiums in manageable instalments
One of the factors that assists in the management of business cash flow is when your expenses can be paid at regular intervals. Consider your payments for salaries, rent, leases, light and heat etc. all of which occur in manageable instalments.
When it comes to business insurance, most insurers expect you to pay the full year’s premiums in one lump sum, which in many cases can represent a significant strain on your cash flow. But now, your business insurance premiums can be handled in instalments with Insurance Premium Finance.
Insurance Premium Finance is a method of short-term lending which allows you to spread your business insurance premium payments to suit your cash flow.
It is available to businesses with annual insurance premiums of $5,000 or more.
Repayments can be made in monthly instalments of between six and 12 months.
Under normal circumstances, no security is required other than the insurance policy.
Guarantees may be required for premiums in excess of $250,000; however exceptions may apply for Professional Indemnity Insurances.
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
• Workcover and Workers Compensation.
If you would like to know more, call Paul on 0477 846 641
Hutchinson Financial is an Accredited Finance Broker and specialises in commercial, personal, agri, and equipment finance. They will research, analyse, compare, negotiate, recommend and then arrange finance for you or your business. You still maintain control however they do all the leg-work.
Click on the button below, fill in your details and we will contact you to get the ball rolling.