
Why finance your commercial insurance premiums?
Commercial insurance premium financing is essentially a loan that a business takes out to purchase an insurance policy. It helps to alleviate the financial burden without negatively impacting their cash flow or assets. Premiums are paid back gradually, over a period of time.
Benefits to Customers
Eliminates the substantial up-front expense
Allows customers to leverage their assets for business operations or growth
Provide the required coverage without liquidating any assets or impacting cash flow
Multiple policies can be financed at once, allowing for one convenient payment
A variety of payment methods are offered
View the status of the loan, make a payment, or access payment history 24/7 via our online portal
Notices can be received via email
Cancellation will never be requested until all efforts have been made to contact the customer as well as the insurance agent
Excellent customer service
Benefits to Insurance Agents
We finance a wide variety of policies so it’s easier to place the customer with TMC.
Access to our web-based software allows review of loan status, report generation, quote generation, the printing of finance agreements, and ACH Authorization Forms.
Finance agreements are submitted via email and electronic signatures are accepted.
Funding can be provided electronically via ACH if preferred.
Reports and notices can be received via email or fax.
Flexible loan terms.
Cancellations are never processed before the customer and agency have been contacted.
Referral fees are paid to the insurance agency.
The TMC support email is monitored at all times, even after hours and holidays, for any special help needed by agents as well as customers.
Excellent customer service