Australia’s largest independent premium funder has launched an industry-first product offering this week that will provide tens of thousands of clients with an alternate cashflow management option.
Premium Funding has started offering a weekly payment option to make business insurance payments more manageable by evening out the cashflow.
“For the first time, businesses can now choose to pay insurance weekly rather than the usual monthly or annual lump sum options,” says Ross Hayward, Director of Premium Funding.
“The launch of the weekly payment option has come at the right time, as some businesses experience greater cashflow pressure during the lead up to Christmas – that said, this product is here to assist with ease of payment all year round.
“The weekly option simply provides more choice and flexibility for businesses and their clients,” he said.