Weekly premium payment option on offer
Specialist insurance funder Premium Funding has launched what it claims is an industry-first offering intended to provide clients with an alternative cash-flow management option.
The company said the product would allow it to offer a weekly payment option to make business insurance payments more manageable by evening out the cash-flow.
Commenting on the new offering, Premium Funding director Ross Hayward said that businesses could now choose to pay insurance weekly rather than the usual monthly or annual lump sum options.
Further, he claimed the launch of the weekly payment option had come at the right time, as some businesses were experiencing greater cash-flow pressure during the lead-up to Christmas.
"The weekly option simply provides more choice and flexibility for businesses and their clients," he said.
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