Contact: David Cook
Telephone: (03) 9603 2815
Pay your insurance premiums by monthly instalment
Have you ever wondered why you pay for your insurance annually in advance when other business expenses are paid for as you use them? Think salaries, rent, leases, light and power, fuel: the list goes on.
Insurance premium finance smooths the cost of your insurance by enabling you to pay your premiums in regular monthly instalments throughout the policy period at a very competitive rate of interest.
Benefits
The following are just a few of the reasons why premium finance continues to grow in popularity:
- cash flow is improved by removing the up front lump sum payment
- unused capital is reinvested back into your business to create further wealth
- an additional line of credit is created, leaving existing facilities intact
- there is certainty in repayment amount (fixed rate/fixed term)
- security is generally afforded by the unexpired portion of the policy
- insurance and interest may be tax deductible (check with
your accountant)
- funding is available on all general insurance, including
Workers Comp
- single page documentation is easy to understand and complete
Process
The Marsh Premium Finance team of professionals can arrange for a competitive quotation for your consideration. If you proceed, the premiums are paid in full to insurers and your monthly instalments are conveniently deducted via direct debit.
Simple, cost effective payment solutions for
premiums of any size.
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