With the pandemic causing problems for SMEs, how can brokers help their customers?
One option is to provide credit or insurance. If an SME qualifies they may be able to spread payments on either of these over time, which would improve cash flow and make it easier in tough times.
Making sure your business has the right insurance is a great way to ensure you can handle any unexpected expenses in the future.
Insurance Premium Finance (IPF) provides small and mid-sized businesses with access to affordable, convenient monthly premiums for their annual coverage that will be paid off gradually over time through a credit line from IPF itself. This means they don't have to pay it all up front.
Businesses are looking for ways to save money. They're doing this by spreading their costs around, which will help them when many government-backed Covid programs end. Orchard Funding
is proud of its premium finance payment solutions for SMEs and has been able to maintain an uninterrupted service during the pandemic. Hopefully, with an end to the pandemic on the horizon, companies can now start to look ahead to a brighter future.
For more information on how 'Insurance Premium Finance' can help your insurance business.
Contact: Chris Meyer
Phone: 07854 380900
Email: chris.meyer@orchardfunding.co.uk