29 Aug No Comments admin Blog ,

Pay your premium by the month

Managing your cash flow is incredibly important when running a business.

Business insurance is a cost that can be a big hit to your cash flow when it falls due each year, but there is a way to reduce this impact.

The easiest way to reduce the impact on you the cash flow is to pay your premium via monthly repayments.

When purchasing Business or Liability insurance with us you’ll be given an annual or monthly payment option which makes it simple for you to pick which option suits you.

Is it more expensive to pay monthly?

In return for paying your insurance for you and allowing you to repay it monthly, the insurers in some cases do charge interest.

The amount of interest charged will vary from one company to the next.

Whilst we cannot quote any rates in the log post, we can say that the rate charged on a monthly repayment option will generally be much lower than you can get on a credit card.

 

More information

If you would like more information about paying your business insurance monthly, you can select the monthly payment option when binding the policy coverage.

The 365 Insurance system we will provide you with both annual and monthly quotes anyway.

Feel free to call us on 1800 365 467 to talk to one of our team about the different payment options we can offer you.