businesses > small & medium business > specialisation > insurance premium financing
Insurance Premium Financing

Aon Funding Solutions will finance your insurance premium and arrange for its payment when it is due on your behalf. You then repay Aon Funding by way of monthly instalments using a direct debit facility. We can fund most commercial insurance policies.

• Budgeting of cash flows
  The key benefit of premium finance to you is that the monthly premium instalment can be part of your budgeting process. Rather than having to allow for large payments of premium at a certain time during the year, the monthly payment can be scheduled along with rent, utilities and payroll.
• Increased leverage of available assets
  Business loans require an asset to be mortgaged as collateral and many companies are limited in their borrowings by the amount of unpledged assets. Premium finance allows you to be able to use the asset of the insurance policy to secure a loan. This leaves other assets on the balance sheet untouched and free for other uses.
  
• Alternate source of capital
  By using premium finance you do not have to use other sources of capital. Premium finance offers an additional line of credit to assist in cash flow management.
• Fixed rate for the period of the loan
• Flexibility of due dates
  The normal rule of premium finance is that the repayment dates are at 30 day intervals commencing at the effective date of the policy. We can move this date to any other day of the month to suit your specific requirements.
• A simple contract and direct debit authority
  A one-page contract and no need for you to provide a cheque for any of the instalments as a signed debit authority will provide for this.
  

If you would like to know more about insurance premium financing, please contact Shane Perry via e-mail: shane.perry@aon.com.au, telephone: 61 (2) 9253 7260 or contact your local Aon office.