Insurance is an essential protection, but for many businesses, large upfront premiums can create cash flow challenges. Peoples Premium Financing offers a strategic way to manage those costs without sacrificing coverage.

What is Premium Financing?

Premium Financing allows businesses to spread the cost of an insurance policy over time rather than paying the entire premium upfront. A third-party lender, like Peoples, pays the premium to the insurance company, and the insured repays the loan in scheduled installments.

Ideal Situations for Premium Financing

High Annual Premiums

Industries with substantial insurance needs, such as construction, manufacturing, transportation or medical, often face large premium payments. Financing helps ease the strain on cash flow, allowing funds to be used for operations, payroll or investments.

Seasonal or Variable Cash Flow

Agriculture, tourism and other industries with uneven income cycles can use premium financing to match payments with revenue streams, making budgeting more predictable.

Liquidity Management

Even businesses with strong cash reserves may prefer to finance insurance premiums to maintain liquidity for new projects, inventory or other operations.

At Peoples, we partner with agents and insureds to create tailored financing solutions that meet your goals. Contact us today at peoplespf.com/contact-us or by calling 844.292.9090.