Posted on behalf of AFCO Direct │ NetVU Silver Partner
You work hard to package insurance coverage to mitigate your client’s business risk. But do you work just as hard to help mitigate your client’s financial risk associated with inadequate cash flow and access to capital?
It is only when you consider the combined risks your client faces that you elevate your agency to ‘trusted advisor” status.
And here are 3 reasons premium finance is the best tool in your toolbox to accomplish this:
- Offering financing with every policy will position you as a full-service agency concerned with more than just coverage and pricing.
- Offering financing makes it possible for your client to afford the full and proper insurance coverage they need but might not otherwise commit to buying.
- Even the strongest organizations benefit from matching revenue streams to repayment schedules.
Technology innovation is taking premium financing a step further with digital solutions that help overcome barriers in the agency bill workflow for both financed and paid in full accounts.
Our payment portal, PayMyPremiums, is revolutionizing the client experience by empowering clients at check-out.
- 60% overall financing take rate
- 4 days average receivable time
- 62% paid within 72 hours
- 74% Auto ACH Enrollment
WATCH A DEMO TODAY