How Premium Financing Helps Your Customers
Customers expect their agencies to offer premium financing solutions to make insurance more affordable, among other reasons. Here are some of the benefits to your insureds:
Eliminates the requirement for a large, up-front payment for insurance- Allows business to obtain coverage without draining cash reserves
- Spreading payments helps to free up cash flow for other business expenses
- Money not spent on full up-front premium can be used for business opportunities
- Multiple insurance policies can be attached to one premium finance contract
- A single payment plan to cover those multiple policies, simplifies paperwork
- No origination fees, fixed rates, and no prepayment penalties
Click here to learn about the agency benefits of offering premium financing to your insureds.