💳 Premium Funding Insurance – Flexible Pay by the Month Solutions with WebInsure

✅ Spread Your Insurance Premiums with Premium Funding

Premium funding is a cost-effective, cash-flow-friendly solution that allows you to pay your insurance premiums in monthly instalments instead of a lump sum.

At WebInsure, we help businesses and individuals access premium finance options that free up working capital and make managing insurance expenses easier. 📅💰

Premium funding uses the insurance policy itself as security, meaning you don’t need to put forward bricks-and-mortar assets or other collateral.

📚 What is Premium Funding?

Premium funding is a specialised finance solution that:

✔️ Lets you spread your annual insurance premium across easy monthly instalments
✔️ Helps you retain cash inside your business for growth and day-to-day operations
✔️ Uses your insurance policy as security—no additional assets required

👉 If your annual insurance premiums are $500 or more, you can access premium funding through WebInsure.

⚙️ Key Benefits of Premium Funding

💸 Improved Cash Flow

Premium funding allows you to retain capital inside your business instead of tying it up in upfront insurance payments.

🔐 No Asset Security Required

Your insurance policy acts as the security—no need to offer property or other assets.

🏦 No Loan Service Fees

Premium funding typically has no application or service fees.

✅ Tax-Deductible Interest

Interest costs on premium funding are usually tax-deductible for businesses.

📈 Fixed Interest Rates

Enjoy predictable, fixed interest rates—no risk of market-driven increases.

🚫 No Impact on Bank Facilities

Premium funding is independent of your existing bank or credit arrangements.

🔍 Step-by-Step: How WebInsure Works With You

1️⃣ We Assess Your Premium Funding Needs

We review your insurance portfolio and eligibility for premium funding.

2️⃣ We Source Multiple Quotes

We compare funding offers from a panel of premium finance providers to get you the best rate.

3️⃣ We Align Your Policies

We can bundle multiple business policies into one simple monthly repayment.

4️⃣ We Present Clear Funding Options

We show you side-by-side comparisons with all costs fully disclosed upfront.

5️⃣ Ongoing Support

We manage your funding contract, renewals, and any mid-term changes to your insurance policies.

💼 Common Policies Eligible for Premium Funding

🛡️ Public Liability Insurance
👨‍💼 Professional Indemnity Insurance
🚤 Marine Insurance
🚚 Fleet & Motor Insurance
🏢 Commercial Property Insurance
💻 Cyber Insurance
☂️ Commercial Umbrella Insurance
🔒 Life, Income Protection & Keyman Insurance

👉 Typically, we fund commercial policies together and use separate funding contracts for personal lines.

☑️ Can My Business Use Pay by the Month Insurance?

✔️ Yes!
WebInsure offers Pay by the Month Insurance and Premium Funding facilities for most types of business insurance.

✔️ Some exclusions apply:
Certain policies, such as non-cancellable, annual-only covers, or some high-risk industries (e.g. explosives, vehicle importers) may require specialised arrangements or international insurers, which can extend the quoting timeline up to 30 days.

✔️ Most businesses can receive an indicative quote within 48 hours.

⚙️ Premium Funding vs Business Overdraft

✅ Premium Funding

Lower interest rates than many overdraft facilities
Dedicated solely to your insurance expenses
Keeps core bank facilities free for other operational needs

❌ Overdrafts

Often have higher rates
Can limit borrowing capacity for other projects
May require collateral

👉 Premium Funding is typically a more cost-effective, cash-flow-friendly solution.

🔄 Consolidate Your Insurance into One Payment

Premium funding allows you to align all your business insurance policies into one easy-to-manage monthly instalment.
This simplifies administration, ensures all policies are kept current, and provides a clear snapshot of your total insurance commitments.

❌ Common Misconceptions About Premium Funding

“It’s just like taking out a loan.”

👉 Premium funding is purpose-built for insurance—it’s not a general-purpose loan, and security is provided by the policy itself.

“It’s only for large businesses.”

👉 Premium funding is available for any business with annual premiums over $500.

“It impacts my existing bank finance.”

👉 Premium funding is completely independent of your banking arrangements.

“It’s only for new policies.”

👉 Premium funding can be used for new, renewing, or mid-term policies.

🗂️ Real-World Case Study: Premium Funding in Action

Client: Growing Sunshine Coast trades business
Issue: Required $8,000 in upfront public liability and fleet insurance premiums, which would have drained working capital.
Outcome: WebInsure arranged premium funding that:

Spread payments over 10 months
Enabled the client to invest cash into new equipment
Provided a bundled monthly payment across both policies

👉 Result: Business growth and full insurance protection without cash flow stress.

❓ Frequently Asked Questions (FAQ)

How quickly can I set up premium funding?

Most approvals are available within 48 hours. Complex cases may take longer.

Can I fund personal and business insurance together?

No. We typically keep commercial and personal funding on separate contracts.

Does premium funding cost more than paying upfront?

There is a small finance charge, but the cash flow benefits often outweigh this cost.

Can I pay off my premium funding early?

Yes. Early payout is usually allowed—conditions may vary by funder.

Can I adjust my funding plan during the year?

Policy and funding adjustments are possible if your insurance needs change mid-term.

📞 Get a Premium Funding Insurance Quote Today

Take control of your cash flow and spread your insurance costs with Premium Funding from WebInsure.
We’ll help you find a tailored funding solution that suits your business.

👉 Call us on 07 5406 1224
👉 Email us at email hidden; JavaScript is required

With WebInsure, flexible insurance is within reach. 💳📅