Insurance premiums never seem to go down! And the renewal advice always seems to come at the wrong time as far as cash flow is concerned!
Have you considered premium funding? It allows you to spread out your insurance premium over 10 or 12 manageable monthly installments. Insurance premium funding is a well accepted cost effective solution available to small business.
It is cheap (you only pay interest for the 10 or 12 months), easy to set up and effective. It is normally a “tick and flick” submission as an insurance policy is considered prime security to lend on by a financier, and for premium amounts up to $75k, financial statements are not required.
Just about ANY insurance premium can be financed! Things such as:
Ph: (03) 9377 7000
Email: info@corpfin.com.au