What is Premium Financing?

As a business owner, financing your insurance premiums, and combining your commercial policies into one monthly payment is an effective way to manage your cash flow.

Put simply, premium financing is a type of loan that covers the cost of an insurance premium, generally provided by a private premium financing company. Using premium financing, a business can combine several premium payments, into a single payment that occurs in installments. This offers insureds several benefits:

• Flexible payment schedule and APR’s

• Less stress surrounding large premium payments

• More even cash flows month to month to keep their business running smoothly

In addition, premium financing is available on a wide variety of commercial property and casualty policies, including:

• Commercial Auto

• Commercial Package

• Umbrella Policy

• Commercial Property

• General Liability

• Errors and Omissions

If you think this could be a good option for your business talk to your agent about what premium financing options are available.If you are an agent who is looking to offer a competitive premium financing option to your clients feel welcome to learn more about how Roadrunner Premium Finance Company can help by emailing support@roadrunnerpfc.com