Premium Funding

Premium Funding

ORACLE has a number of suppliers offering competitive rates on the financing of general insurance and workers compensation premiums.

We usually provide premium funding through Hunter Premium Funding. Below is some information about premium funding from their website.

What is premium funding?

Premium funding is a cash flow solution that gives businesses the ability to spread the payment of their insurance premiums over regular instalments, instead of shouldering the whole cost upfront. Our premium funding products can be structured flexibly to meet the unique financial needs of any business.

Insurance premium funding

Cash flow management is an important requirement for any successful commercial business. Large lump sum insurance bills can disrupt annual cash flows.
Insurance premium funding is a flexible and convenient way to manage these potentially significant costs through smaller monthly payments.
By avoiding this initial outlay, working capital can be invested into other income-generating opportunities. In addition, this service does not interfere with existing finance facilities such as bank overdrafts.

Enjoy the benefits of premium funding with Hunter:

  • Retain working capital
  • Fixed interest rate – tax deductible
  • No loan security cost – the policy itself is the security
  • Flexible repayment options
  • Multiple repayment methods

How does it work?

Hunter pays your insurance premium by the due date on your behalf. You then repay in monthly instalments. Our funding option can be extended to most types of commercial insurance including industrial special risk, public liability, Workers’ Compensation, motor vehicle and professional indemnity.

Want to know more?

To learn more about our full range of products and services, contact your insurance intermediary Oracle Insurance Solutions or phone Hunter on 1300 HUNTER (1300 486 837).

If you would like a quote to premium fund your insurance premiums, or are after more information on this options, contact Oracle Insurance today.

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