Get Insurance Premium Finance in the UK Insurance premium finance is a type of loan that a finance company offers to businesses and customers to pay their premium monthly. Insurance Premium financing can help to maintain a cash flow for the business. It may not be suitable for all business or personal insurance. You should consult a finance professional before choosing insurance premium finance.
How does insurance premium finance work? When you sign up for an insurance policy, the insurance company will charge you a premium amount, and you have to pay that amount. For a single insurance premium, it seems to be a simple thing. What if you have multiple policies. Insurance premium financing helps you take a loan that can pay all your premiums in monthly installments without paying it from your pocket in a lump sum. Later you can pay in a flexible term to the premium financing company.
What is an insurance premium finance company? An insurance premium finance company is a third party that can provide you with funds to pay your insurance premiums installments monthly. Many companies in the UK can provide financial assistance in insurance finance. Each company has its interest rates, terms, and policies. You need to choose wisely what’s suits you the most.
Benefits of Insurance Premium financing for a business: ● ● ● ●
Helps to maintain a good cash flow Release stress from your packet to pay premiums Provide a stable monthly installment payment Have the freedom to use your assets in other investments
Why Choose Orchard Funding Ltd? Orchard Funding is an Insurance premium financing company in the UK. Having 45 years of experience in the financial and accounting field and has thousands of happy customer lists. A professional team can help you get hassle-free funding. We also provide other services like bridging loans, Golf club finance, school fee funding, holiday homes, and leisure fee funding. For more detailed information about insurance premium financing, you can read our blog. https://www.orchardfunding.co.uk/post/2021/06/17/insurance-premiumfinance-know-the-quality-of-your-customer