Would this help your cash flow?
Insurance premium funding allows businesses and individuals to pay their insurance premiums in instalments rather than upfront. This helps ease cash flow pressures, making it easier to manage large insurance costs while maintaining coverage. It’s particularly useful for businesses with multiple policies, as it offers flexible repayment options and helps preserve working capital.
However, it’s important to note that premium funding comes with additional costs, such as interest and fees, which vary by provider. While it provides financial flexibility, it’s crucial to weigh these extra expenses to ensure the benefits of spreading payments justify the overall cost.
If this is something you would like to consider as part of taking out a new policy or as part of your insurance renewal, be sure to mention it to your Goldsworthy General Insurance adviser.