As previously mentioned, we work to find the best options for our clients. Sometimes this even includes getting better payment options. For example, most standard companies require 20 – 25% down, followed by 9 or 10 payments, We have one company that will issue a commercial policy on 10 equal, monthly installments.

For our bus companies and van services, we have secured a similar arrangement. These premiums can be substantial and are always in need of a premium finance company. Although most premium finance companies will provide this service, they generally require a 25% down payment and charge anywhere between 12% and 24% APR.

We have secured a special arrangement with our main premium finance company. For busses or van services, we can get the down payment to 10% and the interest rate no higher than a single digit. With premiums well in excess of $100,000, the savings to our clients in this part of their insurance portfolio alone has been in the thousands of dollars.