Premium finance

What is premium finance?

Premium finance can help spread the cost of your insurance cover through regular instalments.

Premium finance isn't insurance, but a solution for paying your insurance premiums. It means that you can pay for multiple insurance policies under one premium finance agreement, putting them all in one place so you only have one payment to deal with.

The benefits of premium finance

There are many advantages for any business:

• Improved cash flow – by paying your insurance policy through regular, monthly payments rather than paying the whole premium as a large upfront payment, this can free up more cash to invest in your business.
• Corporation tax relief – Premium finance is tax deductible, so you can claim tax back and improve your tax bill. This tax relief may not apply to all businesses, so you should seek your own advice.
• A healthier balance sheet – For some businesses, premium finance monthly instalments can be classed as off-balance-sheet financing (OBS). This increases the health of your balance sheet, freeing up money to spend on your business and growth opportunities.
• Multiple policies, no hassle – multiple policies can be financed on a single credit agreement and one monthly payment, so all of your business insurance needs can be paid for in one place.

Why choose us?

We're working with Close Brothers Premium Finance to offer premium finance to our clients. Close Brothers Premium Finance is the most experienced provider of premium finance in the country - funding insurance for one in seven UK families and one in 20 UK businesses.¹

We're an experienced insurance broker and we can support your business with more than just premium finance. We can assist with finding you a better insurance deal, risk management, claims, business interruption and more. We have vast experience in many different industries, and we understand the challenges you face day to day.