Premium financing is the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a premium financing company; however, insurance companies and brokerages occasionally provide premium financing services through premium finance platforms.

To finance a premium, the individual or company requesting insurance must sign a premium finance agreement with the premium finance company. The loan arrangement may last from one year to the life of the policy. The premium finance company then pays the insurance premium and bills the individual or company, usually in monthly installments, for the cost of the loan.

We make this service available to all our current and potential clients looking for this option of making the payment as the carriers we are authorized to do business with allow us to do it. We always exhort our clients to ask for the finance options as a way to put the premium payments in perspective and help the business with the month-to-month operations and finance.