Pay by the Month
The benefits of premium funding is that it acts like an additional line of credit, which will not impact on your current banking arrangements. Security for the “loan” is the policies themselves.
Instead of one sizeable insurance bill, you can spread this cost over up to 12 monthly payments, easing the pressure on your cash flow. Almost any type of policy can be funded, including workers compensation and under current legislation, both your insurance premiums and the interest should be an allowable business expense.