ICIB can assist managing cashflow and freeing up working capital through Premium Finance. This allows clients to spread the cost of annual insurance premiums into monthly instalments.
With Premium Finance:
• Clients eliminate the need for large up-front payments to insurance companies
• Multiple insurance policies can be attached to a single premium finance contract, allowing a single payment plan to cover all cover
• Clients can get cover without liquidating other assets
• Brokers transmit the completed premium finance agreement to the premium finance company, and the policyholder is billed as they would be for any other typical insurance policy
In conjunction with premium funding partners, ICIB can provide a competitive funding arrangement that best suits each client’s needs. Please contact ICIB to discuss the options.