Yes, your Account Manager can organise for you to pay monthly through a Premium Funding arrangement.
The premium funding company will pay your annual premium on your behalf. You then make your repayments in monthly instalments via direct debits, over a maximum of 10 months. This service can be practical for businesses looking to regulate their cash flow or avoid large lump-sum payments, and has the following benefits:
- Reduced financial stress
- Unrestricted capital
- Interest charges are tax deductible
- Easy process involving a simple, one-page application
- No deposit or security necessary
- Available for all business insurances
- Interest charges are the lowest available
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