PREMIUM FINANCING

Manage Cash Flow and Preserve Capital with Premium Financing

Pay your insurance in monthly instalments

As a business owner, you know incoming cash flow doesn’t always match what’s going out. This is particularly true when larger expenses like business insurance premiums are due.

Marsh’s partner of choice, FIRST Insurance Funding of Canada, offers Marsh Canada clients a premium Financing solution for insurance premium costs.

Premium Financing is a tool, which helps businesses cash flow and preserve working capital. Easy monthly installments allow companies to spread the cost of annual commercial insurance over the entire policy term.

The Benefits of Premium Financing and monthly payments
1
Manage cash flow
Avoid lump-sum payments with easy monthly installments
2
Reinvest working capital in your business
Keep your cash in your business
3
Preserve your available credit
Interest costs are fixed and can be less than alternatives such as credit lines, credit cards, or sale of investments
4
Consolidate multiple policy payment
All your commercial policies can be combined into one easy monthly payment
5
Costs can be lower than borrowing alternatives
Interest costs are fixed and can be less than alternatives such as credit lines, credit cards, or sale of investments
6
24/7 self-service

How Premium Financing Works
  • Premium financing is like a short-term loan
  • Marsh’s partner of choice, FIRST Insurance Funding of Canada, will pay your insurance premiums on your behalf and you pay back that loan over time, typically between nine and twelve months
  • Interest rates are fixed so your payments are consistent and protected from rate fluctuations
  • Another benefit is that interest is calculated on a declining balance and may be paid off at any time and only calculated up to the month of full repayment

Discuss your options

The experienced team at Marsh can arrange a payment solution through FIRST Insurance Funding of Canada to suit your needs, taking into account your unique requirements and current conditions in the credit market. Your Client Executive can discuss Premium Financing options with you, walk you through the process, or answer any questions you might have. 

Protect Your People, Operations, and Revenue

COVID-19 continues to spread globally, presenting unprecedented risks to people, businesses, and economies. The virus generally causes symptoms similar to a cold or flu; in some cases, it has proven fatal. Organizations must prepare to respond to and recover from a range of impacts to their people, operations, and business as any delay could mean significant consequences later.

Throughout the Coronavirus Risk Hub you will find thought leadership, expert views, links to government and NGO sites, and solutions and strategies that you can apply as you navigate the challenges posed by COVID-19.

Coronavirus Risk Hub

We are here for you

As COVID-19 continues to affect how we all do business and interact with one another, we are committed to continue to deliver timely and relevant information to our clients and broader community. If you have any questions or would like to have a conversation about the impact coronavirus is having on your business, please reach out to your Marsh representative, or email us here.

You can also follow us on LinkedIn to stay abreast on our latest updates.