Putting you in charge of your cash flow…
Insurance is a necessity in every well-managed business, but paying insurance premiums upfront can take its toll on your cash flow.
That’s where insurance premium funding can help, enabling you to spread the cost of your insurance into equal monthly payments and avoid large lump-sum outlays.
Have more control
If your business incurs annual insurance premiums of $250 or more, you can spread the lump sum into equal monthly payments. Depending on the funding provider, they will tailor the instalment period to suit your needs. For example, over a fixed six, ten or 12-month period.
Across premium funding companies, they offer competitive terms and interest rates. It’s also worth seeking advice from your tax adviser or accountant, as any associated interest costs could potentially be tax deductible.
Ultimately, insurance premium funding can help remove much of the stress that comes with having to pay a lump sum. By spreading the cost evenly via monthly payments, handling your insurance premiums can be a much simpler and affordable affair.
If you would like to find out more about Insurance Premium Funding, give FlexiFund a call on 1300 850 890.