Insurance is a necessity of business. With increasing insurance costs, don't make the mistake of reducing your coverage when there are options out there available to you. Your business can use Insurance Premium Funding to spread the costs of your annual premium over smaller, more manageable monthly instalments. It's like spreading the payments on a lease arrangement for a vehicle of piece of equipment. Premium funding is only allowed to commence on the start or renewal date of a policy.

Monthly premiums are then paid over 10 months and a competitive interest rate is charged on the annual premium. There are many advantages of utilising this facility including:

• improves your business cash flow

• frees up working capital for your business

• matches your insurance policy payments to your cash flow

• pays for your insurance as it is used rather than upfront

• no security costs...the policy itself is the security of the facility

• competitive interest rates and terms

• interest charges are usually tax deductible

• no monthly account keeping or loan service fees, only a small administration fee

• no change to existing credit arrangements

This may be of great benefit to your business, please contact us if you require further information.

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