Insurance Premium Funding

insurance premium funding australia

What is Insurance Premium Funding (IPF)?

  • IPF is a method of short-term lending that allows business customers to finance the cost of annual business insurance premiums.
  • With IPF, customers can spread repayments between 6 and 12 instalments to suit their cashflow.

Which businesses is IPF best suited for?

  • Consists of any business with combined insurance premiums totalling $5,000 or more.
  • Includes professional bodies such as Medical, Accountancy, Legal, Insurance Brokers and Workers Compensation insurances.
  • Businesses that have large insurance premiums for a fleet of vehicles, for example trucks and delivery cars

Types of policies we can finance include

  • General Business Insurance
  • Professional Indemnity
  • WorkCover & Worker’s Compensation

– We can finance the full amount of the annual premium OR where the premium is payable in instalments, we can finance a combination of these instalments throughout the year.

Why finance Business Insurance Premiums with IPF?

  • You can improve your cashflow by using these funds for critical business opportunities such as growth.
  • IPF preserves existing financial arrangements & generally requires no additional security.
  • Competitive fixed interest rates & there are no hidden costs.
  • Tax deductions may be available on interest paid (you should consult a tax advisor)
  • Simple & convenient application process.
  • Flexible monthly instalments
  • Able to pay multiple insurance policies can be attached to a single premium contract with one easy monthly payment usually ranging from 6 to 12 months
  • Eliminate the requirement for a large up-front payment for your premiums freeing up cash flow.
  • The benefit of not having to provide security against the finance
  • No loan service or monthly fees
  • Competitive terms and fixed rates available

What are the features of IPF?

Minimum $5,000
Loan Term 6 to 12 months
Repayment 6 to 12 months
Loan Repayment In advance
Last Repayment Dependent on length of contract but latest of one month prior to expiry
Rates Dependant on loan value

Simplified Approval Process

  • No Financials up to $125k
  • No Directors Guarantees up to $250k

Contact Loanbrite for an obligation free quote

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insurance premium funding australia

Secured Insurance

Aircraft Income Protection Insurance
Broadform Liability Industrial Special Risk
Burglary Jewellers Block
Business Park Kidnap, Ransom, Extortion
Caravan Machinery Insurance
Carriers Malicious Product Tamper
Commercial Package Marine
Computers Marine Cargo
Contracts Works Marine Liability
Corporate Travel Marine Transit
Country Pack Motor Vehicle
Directors & Officers Liability Personal Accident & Sickness Wholesale
Electronic Equipment Private Pleasure Craft
Employee Disputes Property Damage
Engineering Public / Products Liability
Farm Pak RSL Club Management Liability
Fidelity Insurance RSL Vic Liability
Fire Structural Defects
Fleet Insurance Transport
Forefront Portfolio Insurance Travel
Glass Tax Probe
Goods in Transit
Hostpak
Household

Unsecured Insurance

Bankers Blanket Bond
Commercial 3rd Party Registration & Assoc Fees
Credit Insurance
Debtors Insurance
Debtors/Trade Indemnity
Fees for Service
Hail Damage
Keyman Insurance
Life Insurance
Marine Hull Insurance
New Builders Warranty Insurance (Home Ins)
Professional Fees
Professional Indemnity Insurance
Workers compensation