Turn an annual premium into manageable instalments
Insurance premiums can represent a significant annual cash requirement, particularly for asset-heavy or higher-risk businesses.
With premium funding, an approved financier pays the eligible insurance premium and the business repays the finance over an agreed term.
The precise structure, repayment frequency, fees and eligible policies depend on the funder and insurance arrangement.
Preserve liquidity for the business
Insurance types that may be funded
Subject to funder eligibility, premium funding may apply to business policies such as:
- Commercial property insurance
- Fleet and motor insurance
- Professional insurance
- Liability policies
- Plant and equipment cover
- Industry-specific business insurance
Eligibility should be confirmed for the particular policy and insurer.
Understand the funding terms
Before proceeding, businesses should understand the repayment term, fees, finance charges, cancellation provisions and consequences of missed payments.
Premium funding is separate from the advice about which insurance policy or level of cover is appropriate. Insurance advice should be obtained from an appropriately qualified insurance adviser or broker.
Related services
Asset Finance
Finance for equipment, machinery, plant, trucks, vehicles, fleets and other business assets.
Surety Bonds / Bank Guarantees
Facilities supporting tenders, contracts, leases and other commercial obligations.
Debt Advisory Services
Review existing facilities and broader debt structures.
Insurance premium funding FAQs
What is insurance premium funding?
It is a finance arrangement that allows eligible insurance premiums to be paid upfront by a funder and repaid by the business in instalments.
Which insurance policies can be funded?
Eligibility depends on the funder, insurer and policy. Many commercial policies may be considered, but this needs to be confirmed for the specific arrangement.
How long are repayment terms?
Terms vary according to the premium funding arrangement and policy period.
Does premium funding change my insurance cover?
Premium funding finances the premium; it does not itself determine the scope of the insurance policy. Policy coverage remains subject to the insurance contract.