Have you considered Premium Funding for your 2020/21 Workers Compensation Premium?
You have just received your 2020/21 WorkCover Premium Renewal. WorkSafe and your WorkCover Agent is offering you a 5% discount if you pay the full years premium by 31 August 2020. You would like to take up this offer but do not have the funds readily available. What options do you have?
WorkSafe reward those organisations who pay Victorian premiums in advance with discounts of up to 5%. This can equate to a significant saving on your annual policy. Still, not every organisation has immediate access to the necessary funds to be able to pay in advance and take advantage of this option.
If you find yourself in this situation, Adroit Insurance and Risk and its workers compensation arm ReWork are able to arrange Premium Funding for you, paying your premium in advance with you still being eligible for discounts. You will then pay your premium funded amount in monthly installments, via direct debit, credit card, etc. This enables your business to free up significant amounts of cash for other initiatives, without sacrificing early payment incentives so you will still save a material portion of the 5% discount.
ReWork have relationships with various providers (both banking and non-bank lenders) and can identify the best option for your business, across all Australian states.
Fore more information or to discuss premium funding for your Workers Compensation preium, please contact Androit Insurance & Risk.
Advisr does not provide advice and does not hold a financial service license (AFSL). All information above has been provided by Adroit Insurance & Risk.