What is Premium Funding

Premium Funding allows you to spread the cost of your insurance over regular monthly instalments, rather than paying the full premium upfront. A third-party finance provider pays the insurer in full on your behalf, and you repay them over a set period – typically in 10 monthly instalments.  This option is particularly useful for managing cash flow, especially for businesses with multiple policies or larger premiums. There’s no need to rely on a credit card or extend an overdraft, and your cover begins immediately.  We can assist you in arranging Premium Funding at the same time as your policy and will walk you through the terms to ensure you understand the details.