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:
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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 firstname.lastname@example.org