Why Offer Premium Financing Solutions to Insureds?
There are a number of reasons progressive agencies choose to offer premium financing to their customers:
- Maintains your revenue flow by getting paid sooner for insurance premiums
- Full commissions paid upfront to agency/agent after financing is funded
- Higher level of client service by offering clients payment plan options
- Provide guidance to insureds to help them manage budgets and expenses
- Help your clients free up cash flow for other business expenses/opportunities
- Free administrative burden of tracking and managing premium payments
- Possible revenue-share produces agency income (not available in all states)
Click here to learn why premium financing is an essential service you need to provide to help your business insureds.