Pay the insurance monthly. Keep the rest of the cash working.
Commercial insurance is one of the largest single bills a business faces. Premium finance spreads it across the policy term instead of taking it all at once.
What premium finance does
The policy protects the business. Paying for it all at once does not.
General liability, commercial auto, workers compensation. A year of protection, quoted as a single number and due before the coverage starts. For a business that invoices in 30 days and makes payroll every two weeks, that one bill can take the cash the operation was counting on.
Nothing about the policy needs to change. Only when you pay for it.
What premium finance is
A lender pays your insurance premium to the carrier in full, and you repay that lender in monthly installments across the term of the policy. You put down a portion up front. The policy is bought, in force, and unchanged. The only thing that changes is that you are paying monthly instead of annually.
Four steps, and your agent handles most of them.
Your agent quotes the policy
Nothing changes about how coverage is placed or who places it.
We finance the premium
Approval comes back within 24 hours, so the policy is never held up.
You put down a portion
The rest is paid to the carrier in full, and the policy starts on time.
You pay monthly
Instalments run across the term of the policy, on a schedule you know in advance.
What the arrangement actually looks like.
- What can be financed
- Commercial insurance premiums. General liability, commercial auto, workers compensation, property, and the rest of a commercial program.
- Down payment
- 25% is standard, and it can be lower depending on the account.
- Term
- Aligned to the term of the policy, so the financing ends when the coverage does.
- Rate
- Rates vary by state and are quoted per account. Your agent will have the exact figure before you commit to anything.
- Approval
- Within 24 hours, whatever the coverage type.
- Coverage
- Unchanged. Financing affects the payment schedule and nothing else.
- Harder accounts
- New ventures, audit accounts, and excess and surplus lines are handled on the same track rather than pushed aside.
- Availability
- Our current markets, expanding.
Terms depend on the account and the policy. Your agent will have the specifics before anything is signed.
You do not have to change who handles your insurance.
Premium finance sits alongside the agent you already use. If you are looking for a new one, we can make an introduction instead.
Nothing about your coverage moves.
Your agent places the policy the way they always have, and we work with them directly to get the premium financed. If they have not worked with us before, setting them up takes one conversation and nothing lands on you.
An independent agent we work with.
If you are shopping your commercial program, or you have outgrown the agent you started with, we can introduce you to an independent agent who knows this kind of business. You are under no obligation to use them, and financing does not depend on it.
The other ways businesses handle a premium.
| Premium finance | Paying it up front | Putting it on a line or a card | |
|---|---|---|---|
| Cash out this month | A portion | The whole premium | None, then interest |
| What it costs to use | A finance charge, quoted up front | Nothing, beyond the cash itself | Card or line interest, often higher |
| Effect on your credit line | Leaves it free | Leaves it free | Uses the capacity you may need elsewhere |
| Tied to the policy | Term matches the policy | Not applicable | No, the balance outlives the coverage |
| What that cash could be doing instead | Payroll, materials, the next job | Nothing. It is gone for the year | Payroll, materials, the next job |
| Coverage affected | No | No | No |
Where this shows up in the business.
The year’s biggest bill stops taking the operating cash
The money that would have gone out in one month stays where the business needs it.
One predictable number instead of one unpredictable month
The premium becomes a line you plan around rather than a month you brace for.
The credit line stays free
Kept for the things only a credit line can cover, instead of an insurance bill.
What businesses ask before they start.
Does my coverage change in any way?
No. The policy is bought in full and is in force exactly as your agent placed it. Premium finance changes when you pay, not what you bought or who you bought it from.
Can I keep my current agent or broker?
Yes, and most businesses do. Your agent places the policy the way they always have. If you are looking for a new agent, we can make an introduction, but financing does not depend on it.
What if my business is new, or my account is complicated?
New ventures, audit accounts, and excess and surplus lines are handled on the same track rather than being pushed aside. Those accounts are a normal part of what we finance.
How fast is approval?
Within 24 hours. That matters more than it sounds, because a policy with a start date does not wait for financing to be sorted out.
What does it cost?
There is a finance charge, quoted per account, and your agent will have the figure before you commit to anything. It depends on the size of the premium, the down payment, the term and the state.
Where is it available?
We are live in our current markets and expanding quickly. Tell us where the business operates and we will confirm whether we can help.
See what the monthly number would be.
Renewing next month or next quarter, it does not matter. Tell us about the policy and roughly what it costs, and we will show you the monthly number and the cash it frees up.
Nothing to prepare, and nothing to commit to.