Insurance Premium Finance is a financing solution that allows you to break down your business’s annual insurance premium costs into manageable monthly repayments, improving cashflow while keeping your business protected.
Insurance Premium Finance allows your business to fund annual insurance premiums and spread the cost across manageable monthly instalments, rather than paying a large lump sum upfront.
Aircraft/ Aviation *
Accident
Bloodstock/Mortality
Board for Liability
Boiler Explosion
Broadform Liability
Burglary & Theft
Business Insurance
Business Interruption
Business Pack
Caravan Insurance
Carriers
CGO Business
Civil Pack Liability
Club Protect
Commercial Motor Vehicle
Commercial Package
Computers
Consequential Loss
Construction
Corporate travel
Defamation
Delivery & Driver
Directors & Officers Liability
Earthquake
Education Package
Electronic Equipment
Employment Practices
Engineering Insurance
Ex Territorial W/comp
Expatriate Insurance
Farm Motor Insurance
Farm Pack
Fidelity Insurance
Fire
Fleet Insurance
Forefront Insurance
General Insurance
General Property
Glass
Goods in Transit
Group PA
Heavy Motor Vehicle
Home Insurance
Hospital
Hostpak
Household
Income Protection Insurance
Industrial Special Risk
Instant Profits Insurance
Jewellers Block
Journey Injury
Keyperson Insurance
Kidnap, Ransom, Extortion
Landlord Insurance (Commercial only)
Liability Insurance
Liquidate damage Excess of Loss
Livestock
Machinery Insurance
Malicious Product Tamper
Management Liability
Marine *
Marine Cargo
Marine Carriers Liability
Marine Liability
Marine transit
Masterpiece Home Coverage
Material Damage
Medical (Miscellaneous)
Money (cash in transit)
Motor Composite
Motor Fleet Insurance
Motor Vehicle
Multi-Peril Insurance
Multi Risk Policy
Oilmens Plan
Overseas Placement
Packaged underwritten Risk & Professional Liability
Personal Accident
Plant
Private Pleasure Craft
Property Damage
Prospective Foal
Public/ Products Liability
Retail Miscellaneous
Stamp Duty
Tax Probe
Transport
Travel
Umbrella Liability
Voluntary Workers Insurance
Contract Works (Contractors)
Credit Insurance
Crop Insurance
Debtors / Trade Indemnity
Hail Damage
Marine Hull Insurance
New Builders Warranty Insurance (Home Ins)
Professional Indemnity Insurance #
Trade Credit
Workers Compensation
Commercial 3rd Party Registration & Assoc Fees
Practicing Certificates
Rego / Greenslips
*Cancellation fees may apply and would change the denomination of the policy to unsecured
The funder sets the available financing options (such as maximum and minimum lengths, e.g., 10 vs. 12 months) and calculates interest based on the chosen duration. Terms are generally structured to finish before the annual policy expires. We will help organise the best term for your finance to provide a solution which meets your budget and cashflow needs.
Cancellable polices: these policies are generally considered secured lending as the bank can cancel the policy and obtain a refund on the unused portion and the premium to clear the debt. In this respect, the policy acts as the security itself and other business or personal assets do not need to be held against the lending.
Non-cancellable policies: the policies are generally considered unsecured lending as the policy cannot be cancelled and a refund cannot be processed. In this respect, the policies take on characteristics of a traditional finance asset, and business or personal assets will be held against the borrowing to secure the debt.
In Insurance Premium Finance the policy often acts as the security for the lend itself.
Generally, no property security or director’s guarantees (unless over a threshold or credit determines additional security is required for the risk profile) is needed. There are minimum ABN age and loan value requirements typically starting between $1,000 – $5,000. Financials are typically not required unless the loan amount is over a lender’s threshold.
Increased Cashflow
Avoid large upfront payments which affect cashflow and stress your business’s finances. Get your policy financed by EDCORP, providing better cashflow – while keeping your business covered.
Greater Flexibility
From 6 to 12 months, we have flexible insurance premium finance options for business that match your unique requirements and budget. No need to tie up existing limits with funding insurance. Our professionals will discuss your needs and provide a suitable solution for complete peace of mind.
Personal Security
Have complete peace of mind. When you get your insurance financed by EDCORP, you do not need to put your personal assets on the line. In most cases, the policy itself is the security.
Our professionals are highly knowledgeable in Insurance Premium funding and are here to provide expert guidance and insights.
Time is valuable. Therefore, we do not want to burden you with time-consuming and complex financing processes. We keep it fast and simple!!
We provide flexible repayment schedules that seamlessly align with your business’ working capital flow.
I recently had the pleasure of working with Chris and I couldn’t be happier with my experience. He was knowledgeable, professional, and prompt with my questions and concerns. The entire process was seamless. I felt supported every step of the way. Highly recommend!!
Each facility is tailored to individual business profiles however interest rates start at 9.1% per year, The interest is only paid on funds used. For example, if the facility is $100,000 and you draw down $100,000 you will pay $9,100 in interest over the year.
Facilities are structured to last for the useful life of the asset financed.
No there are no hidden fees. Everything is 100% transparent and will be explained to you before executing the facility.
Approvals can be granted within 24 hours of lodging your application for standard transactions.
