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Over 210 insurance brokers for Premium Funding

Over 210 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.

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Marsh Advantage Insurance

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McLardy McShane South East

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Over 38 insurance brokerages for Premium Funding

Over 38 insurance brokerages for Premium Funding

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Find the right solution

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Premium Funding FAQs

Advisr has 210 insurance brokers and 38 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

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.

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.

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.

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.

About Insurance Brokers

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.

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.

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.

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.