The Benefits of Funding Your Insurance Premiums

 

Cash Flow Improvement:

 

  • Pay premiums in manageable monthly repayments
  • Working capital stays in your business and is not tied up
  • Flexible payment options available
  • Businesses run on a cash basis could claim the “whole of GST for the annual insurances” in the next BAS return*

    • Cost reduction:

     

  • The cost to convert to monthly instalments is small
  • Ability to put the cash back into the business to increase your profits
  • Credit cost in line with most other conventional loan sources
  • The credit amount charged is usually tax deductible*
  • Credit charges do not attract GST
  • No monthly on-going service fees
  • Use the cashflow to take advantage of early payment discounts available with your business’ suppliers


    • * Seek advice from a tax accountant.

    Business protection

     

  • Increased affordability of the insurance covers recommended to you
  • Fixed rate interest charged over a six to twelve month term
  • No bricks and mortar security or charges required
  • Keep lines of credit or banking facilities freed up to invest back into your business to generate increased profit