For the Office of the CFO
Your insurers are paid. Your cashflow is intact.
A premium finance facility converts your annual insurance premium into equal monthly instalments - without touching your banking lines, and without additional security.
Premium finance is not a loan in the retail sense. It is a working-capital tool.
Corporate insurance programmes are priced annually, and insurers expect the year's premium upfront. Paying it in cash ties up capital in a non-revenue-generating item at precisely the moment the year's plans need funding.
A PFP facility resolves this. We pay your annual premium directly to your insurers - all of them - upfront, in full, on your behalf. You repay PFP in equal monthly instalments across the term of the policy. Cover is secured from inception, the full input VAT is claimable from the policy's inception date, and your capital stays where it earns.
The facility is secured by the insurance policy itself. No additional collateral, no retail-loan posturing.
Simplicity
All policies and insurer payments aggregated into one monthly payment to PFP. One debit order, every insurer - however many carriers sit on your programme.
Liquidity
Capital is not tied up in non-revenue-generating items. The cashflow you would have surrendered on inception stays available for the parts of the business that earn.
Collateral
No additional security or collateral is required outside of the insurance policy itself. Your banking lines and balance sheet are untouched.
VAT Claim
The full input VAT for the annual premium is claimable on the inception date of the policy - not pro-rated across the year.
Profitability
Because the facility is secured by the policy itself, clients are afforded very aggressive interest rates - fixed for the term, and frequently below the cost of the working-capital alternatives.
Dependability
Every insurer on the programme is settled, every renewal, without follow-up from you. The facility runs to the same standard in the fifth year as in the first.
Premium finance is a treasury decision, not a distress signal.
The strongest balance sheets in the country finance their premiums - not because they must, but because it is frequently the most cost-effective form of capital available to the business. The facility is priced against the security of the policy itself, which is why the rate is sharper than the working-capital alternatives.
The arithmetic is simple. An annual premium paid in cash is capital retired from duty. Financed at a fixed rate, that capital stays on the balance sheet and works - and the facility earns its keep whenever that capital earns more than it costs.
Credit approval is practical. We understand business and balance sheets, so assessment is commercial rather than mechanical - and it moves at the pace of your renewal, not the pace of a committee.
Every insurer settled, upfront
PFP settles your annual premium with each insurer on your programme, in full, on your behalf. Cover is secured from inception, and the full input VAT is claimable from the policy's inception date.
Equal monthly instalments
One fixed debit order to one lender, in place of multiple lump sums to multiple insurers. Mid-term endorsements are handled by PFP without re-papering the facility.
The facility renews with the programme
One facility. Every insurer. Every renewal. As your programme renews, the facility renews alongside it - terms refreshed, administration handled.
Speak to your broker
Clients are introduced through their broker, who remains your advisor throughout. If you would rather start with us, we will bring your broker into the conversation.
Send the schedule
Once the policy schedule is to hand, indicative terms follow. Quotations and finance agreements are drafted within two hours of request.
Sign, and it is done
On signature, the facility is in place and PFP settles your insurers on your behalf. Your part of the process is measured in minutes, not meetings.
The most cost-effective
capital in the business.
Request indicative terms
Indicative terms only. Subject to credit approval, receipt of the policy schedule, and signature of the facility agreement. Security requirements are confirmed on approval.