Insurance Premium Funding

Australian equipment finance brokers Isaac Hough and Brad Spencer from Ledge, having a meeting in the boardroom.

In the uncertain market we find ourselves in, having business insurance is vital.

Insurance premium funding (IPF) enables you to pay your annual insurance premiums with a flexible repayment plan and allows you to keep working capital in your business. It is a simple and cost-effective method that can be used for any commercial or domestic insurance.

Insurance premium financing is a business financing solution that allows you to make simple and affordable fixed monthly repayments on terms ranging from 6 to 12 months over the life of the premium.

Staging the repayments provides you with cash flow, and a positive mindset, as you know you have the right level of cover to protect your business against risk. If you would like to learn more about insurance premium financing, contact our team today.

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Facilitating insurance premium finance for ICON Engineering

ICON Engineering, based in Perth, Western Australia, has been providing engineering services to the oil and gas industry for over 25 years. We spoke to Chris Harrigan, CFO at ICON Engineering and here is what he had to say about partnering with Ledge for insurance premium finance.

We secure tailored insurance premium funding solutions

The team at Ledge Finance are specialist brokers who work on your behalf to secure insurance premium funding interest rates tailored to your needs.

Operating for over 40 years, we have built strong relationships with a variety of lenders from niche Australian lenders, to large international banks. These relationships afford us access to lower rates and more flexible options for our clients.

At Ledge, we appreciate that no two businesses are the same. Our friendly team of finance specialists will take the time to understand your business’s unique set of circumstances before talking you through the insurance premiums available to you. Every solution we deliver is custom designed for each client.

Customer service remains at the forefront of all we do. Our dedication to service means we go the extra mile to ensure our clients’ expectations are met and even exceeded.

With our exceptional service delivery and superior product offering, we have forged a reputation as one of WA’s leading insurance premium finance companies. So, if you’re looking to free up your cash flow and have premium business insurance, or you simply want to know more, contact our expert team today.

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Benefits of insurance premium funding

Below are just some of the benefits of insurance premium funding.

Consolidating multiple premiums under one loan will simplify the repayment process, enabling you to make one repayment on your monthly premiums rather than a lump sum payment. IPF allows you to make simple and affordable monthly repayments. You can choose the amount and timing of instalments to suit your business.
IPF is an unsecured business finance solution.Policies underpin the finance contract creating a seamless and fast process from application to approval.
The term of an IPF contract can range from 6 to 12 instalments (subject to approval) over the life of the insurance program, meaning you can select a structure that suits your business’s cash flow. Choosing a repayment option and settlement terms that suit your business will help you manage your cash flow, which is particularly crucial for companies where business activity fluctuates throughout the year.
IPF will allow you to even out your cash flow, giving you the capacity to grow and operate a business by having cash available to invest in other aspects of the business including product development, maintenance, employing new staff, upgrading equipment, and so on.

Partner with Ledge for your insurance premium funding

Don’t let the burden of paying your business insurance in one lump sum stop you from protecting your business. IPF is a flexible option for any type of business insurance product.

At Ledge, we specialise in providing insurance premium funding solutions to a variety of businesses. If you would like to see how you can consolidate your annual insurance premiums into flexible payment options, or you wish to update your insurance premium funding, speak to your Ledge Finance Executive directly, or contact our offices. We will be more than happy to assist.

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