Premium Funding Options for Business Insurance
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Just as you invest in your company, it's important you insure it with appropriate insurance policies. However, paying annual insurance premiums in advance is usually a major strain on your cash flow. Premium funding enters the picture, providing you with a means to better manage your insurance expenses. Premium funding is a financial option allowing you to split your yearly insurance premiums into smaller, more manageable payments. The plan often permits you to pay monthly, making it simpler for you to budget your expenses without sacrificing your cash flow. Obtaining premium funding is easy. Your Insurance Broker can arrange to have a quote from a premium funding provider, or Funder, for your consideration. On acceptance of the quote, your Funder pays your annual premiums in advance for you, while you repay the agreed sum on a regular basis. You won't experience the hassle of making a substantial lump-sum payment, so financial planning is less stressful....