Managing cash flow and budgets is an ongoing task for businesses that often involves challenges around large annual and unexpected expenses, and/or revenue gaps. Paying business insurance premiums at renewal time can present a significant drain on resources and liquidity — but there is an alternative to lump sum payments: premium funding.

Insurance premium funding is a simple, fixed rate loan that enables a business to spread the cost of their insurance over a year instead of paying upfront. Here we look at the main features of premium funding and some of the most commonly asked questions about what's involved.

Looking for help with your business insurance?

Working closely with an expert insurance broker ahead of a business renewal provides you with critical insurance guidance and negotiation points to gain the optimal solution available for your business, industry and situation.



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