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Over 250 Insurance Brokers for Premium Funding

Premium Funding - Insurance can be expensive but with premium funding there is a way to manage your cash flow. Talk to an insurance broker who offers premium funding today and make sure you have your insurance needs in order. Advisr has 250 insurance brokers from 60 different insurance brokerages who specialise in premium funding. Find the insurance broker you need and talk with them about your premium funding requirements for your insurance.

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Abbie Wilson

National Insurance Brokers

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    6 reviews

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    Joe Daley

    AJ Insurance Services

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    Laura Meyer

    MeyerInsure

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    Madeline Ollett

    Evergreen Insurance Solutions Pty Ltd

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  • Premium funding is a financing option that helps you spread out the cost of your insurance premiums over a set period, typically up to twelve months. It's essentially a short-term loan for your insurance policy.

    Here's how it works:

    • You choose to pay monthly: Let's say your insurance company requires a one-time annual payment, but you'd prefer to pay in installments. With premium funding, you can opt for a monthly payment plan.

    • Third party pays the premium: A premium funding company steps in and pays the full annual premium to your insurance company on your behalf.

    • You repay the funder: You then repay the premium funding company with monthly installments over the chosen period, typically a year. There will be an interest rate associated with this loan.
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    Over 60 insurance brokerage for Premium Funding

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    38 reviews

    Grace Insurance
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    Trident Insurance Group
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  • Benefits of premium funding:

    • Cash flow management: This is particularly helpful for businesses, as it allows them to avoid a large upfront cost and frees up cash flow for other needs.

    • Consolidated payments: You can combine multiple insurance policies from different insurers into a single monthly payment through the premium funding company.

    • Spreading the cost: Even for individuals, it can be easier to manage the cost of insurance by breaking it down into smaller monthly payments.

    More information about Premium Funding

    About Insurance Brokers

    Updated: 1 year ago

    Insurance brokers operate on behalf of their customers. Insurance brokers understand both the potential risks that an individual or business may face and also the various insurance policy options and insurance providers that exist across the market.

    Insurance brokers can help customers with hard to place risks to find an insurance provider that can meet their needs.

    Updated: 1 year ago

    Insurance Brokers work for the customer and are independent of the insurers that they engage with on behalf of their clients. Insurance Brokers work for their customers and have their customers' best interests at heart. Insurance Brokers do not work for the insurer. Insurance Brokers help their clients to find and source available insurance that matches their needs and requirements.

    Updated: 1 year ago

    Insurance brokers help clients to reduce their risk by sourcing and matching their clients with appropriate insurance products. Insurance brokers work for their customers. Insurance brokers focus on understanding their customers' risks and exposure and their insurance requirements.

    Updated: 1 year ago

    With almost 4000 Australian Insurance Brokers on Advisr, Advisr is the best place to find an insurance broker right for you. Asking for recommendations from others in your industry or area is a good place to start in looking for an insurance broker. You can search for that insurance broker on Advisr by name.

    You can also search for an insurance broker by the type of insurance you need (insurance category), by your industry or by location depending on what is most critical to you. You can learn more about what a broker is like to work with by reading customer reviews left on Advisr. Educating yourself and reading articles by insurance brokers that explain different insurance lines, or dissect exposure to risk in different industries also helps you to find and select an insurance broker that understands your business or personal risk. We have hundreds of articles on Advisr to help you understand your insurance needs and find an insurance broker right for you.

    Premium Funding FAQs

    Updated: 1 year ago

    Advisr has 250 insurance brokers and 60 insurance brokerages specialising in Premium Funding. To find the right insurance broker who specialises in Premium Funding, check out this page for specialist Premium Funding Brokers.

    • Read real customer reviews to learn more about them
    • Educate yourself about Premium Funding by reading articles written by insurance brokers that explain Premium Funding
    • Ask friends or colleagues to refer their Premium Funding broker to you and look them up on Advisr to read their reviews and connect with them.

    Advisr is built to help you understand your insurance needs and find an insurance broker that is right for you.

    Premium Funding

    Updated: 1 year ago

    Premium Funding is a way of structuring your insurance premium payments to suit your cash flow. Premium Funding allows you to avoid paying for your insurance policies in a lump sum. It also allows you to consolidate your premiums, paying them in a single monthly payment or similar, rather than paying for policies individually. This saves on time and administrative costs.

    Updated: 1 year ago

    The benefits of Premium Funding for your insurance policies include:

    • delaying payment of premiums
    • spreading out the cost of insurance premiums over the year
    • predictable cost structure through fixed rates
    • premium funding is a separate funding agreement with no impact on your existing lines of credit
    • interest payments may be tax deductible
    • can combine multiple premiums into a single monthly payment option, saving time and administrative costs

    These benefits are likely to help with business cash flow and reduce the likelihood of underinsurance for your business by making adequate insurance more financially accessible.

    Updated: 1 year ago

    The cost of Premium Funding is in the interest rate charged. These interest rates are fixed and are usually tax deductible. Premium Funding does not incur any additional security costs, with the insurance premium itself acting as security.

    If you cancel your insurance policy your payments may not cease immediately. Check with your insurance broker if you are considering cancelling your Premium Funded insurance policy.

    Updated: 1 year ago

    While many personal or retail insurance products bought directly offer monthly payment plans, business insurance policies generally do not. Premium Funding is the way to access monthly payment plans for your business insurance policies.

    An Insurance Broker with experience in Premium Funding will be able to set up Premium Funding for your Business Insurance needs. This may be offered automatically or you may need to ask. Be sure to check with your insurance broker whether they offer Premium Funding if you would like to spread out your payments.

    Business Insurance

    Updated: 1 year ago

    Business insurance is insurance that covers your business for their commercial operations. Business insurance can provide coverage for your physical business' operating premises, your stock and contents, against losses you might experience, damages that can occur or theft you may experience. 

    Also, business insurance can cover you for financial loss that you might experience from an event, covered by your insurance, occurring to your business. 

     

    Business Insurance is typically divided into two key areas:

    1: Material Loss to physical assets that are in your business

    2: Financial loss from interruptions to the operations of your business

    Updated: 1 year ago

    Business Insurance covers your business from losses that occur when events impact negatively upon your business. There are many types of insurance that are available for business to purchase, so it is worth talking with a professional insurance broker to understand what coverage your business may require and the risk that your business might face.

    Some examples of the types of insurance that are available to for businesses to utilise are:

    Coverage for property damage.

    Professional indemnity insurance

    Product liability insurance. 

    Workers compensation insurance.

    Other employee-related insurances. 

    Updated: 1 year ago

    Business insurance costs are determined by the level, size and scope of the insurance that is being utilised. 

     

     

     

    Updated: 1 year ago

    Using an Insurance Broker for your Business insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Business insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer. So whether it's employee unable to work through sickness or accident, third party death or injury or events like fire, earthquake, lightning, storms, floods, impact, malicious damage and explosion, your Insurance Broker can assist you to be covered.

    Small Business Insurance

    Updated: 1 year ago

    Small Business Insurance is insurance designed to cover small businesses and their particular needs. Sometimes Small Business Insurance may be called a business pack. 

    Small business insurance may package or bundle together a few different types of broad insurance coverage into one package. A Business Pack may be more cost-effective and more efficient than a small business buying multiple different policies.  In short, an SME business pack can enable a small business to get insurance coverage for most of their business needs in one package.

    Small business insurance may include coverage for:

    • Business interruption insurance
    • Professional Indemnity
    • Public Liability Insurance
    • Asset Protection: For motor vehicles, your operating premise, the goods that you store. 
    • Cyber Insurance - although it can be worth considering a specialist Cyber Insurance policy to better align with your requirements. 

     

    Updated: 1 year ago

    Small Business Insurance may include coverage for the following insurance areas:

    • Business interruption insurance
    • Professional Indemnity
    • Public Liability Insurance
    • Asset Protection: For motor vehicles, your operating premise, the goods that you store. 
    • Cyber Insurance - although it can be worth considering a specialist Cyber Insurance policy to better align with your requirements. 

     

    Depending on your coverage requirements for your small business. It is worth considering your legal requirements for operating and the risks that are specific to your business. To better understand what risks you might face and what insurance policies may help to provide coverage, please consider engaging an Insurance Broker. 

    Updated: 1 year ago

    Small business insurance costs vary depending on a few key variables:

    • Level of cover being sought.
    • Type, size and nature of the business that is looking for small business insurance cover.
    • Claims history for the business.
    • Inclusions and exclusions on the policy being sought.
    • Industry trends for the sector and location of the business

    What is key to remember is that the cost of Small Business Insurance is often a function of the coverage being provided, so cheaper Small Business Insurance may not always offer the same levels of coverage as more expensive alternatives. You want to consider your coverage requirements first, and then seek to find and determine the costs associated.

    Updated: 1 year ago

    Using an Insurance Broker for your Small Business insurance needs ensures that your business has managed its risks. Every business is different and an insurance broker can help by assessing your unique business risk profile and providing advice on the best insurance cover, including Small Business insurance for your business. An insurance broker will also help when it comes time to claim, advocating for you to negotiate the best outcome in the settlement of your claim with the insurer.

    So whether it's property damage or personal injury, accidental damage to, or theft of business property, your business vehicles or management liability claims, your Insurance Broker can assist your small business to be covered.

    Updated: 1 year ago
    The cost of small business insurance can vary widely depending on several factors, including the size and type of your business, the industry you operate in, the location of your business, and the coverage limits and the excess you choose.

    To get a rough estimate of how much small business insurance might cost, you can expect to pay anywhere from a few hundred dollars to several thousand dollars per year. For example, a small retail shop might pay around $500 to $1,000 per year for basic liability coverage, while a larger construction company with more risks and exposures could pay several thousand dollars per year.

    It's important to note that the cost of small business insurance can also be influenced by the insurer you choose, as well as the specific policy terms and conditions. It's always a good idea to shop around and compare quotes from several different insurance providers to ensure that you're getting the best coverage for your needs at a reasonable price. Working with an Insurance Broker can help you to navigate the different alternatives available and find a suitable policy that matches your requirements.