Insurance Premium Funding · Asset Finance
Your premium paid in full at renewal. The cost spread across the year.
Business insurance renewal due and better uses for the cash? We arrange funding that pays the premium in full while you repay it monthly, and tell you plainly whether it beats paying upfront.
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What happens next
For premium funding you generally do not pay us a fee. The funder pays us a commission, and it is disclosed to you in writing before you decide to go ahead.
Why commercial through Evolve
Commercial is where we do our best work
No renewal spike
The funder pays the premium in full at renewal, and you repay it in fixed instalments, usually monthly, from trading cash flow.
Several policies, one repayment
Liability, motor, property and professional cover, even from different insurers, can usually sit in one agreement with one repayment.
Alongside your insurance broker
Your insurance broker keeps the cover and the relationship. We handle the funding and keep everyone in the loop through the renewal.
The full cost, upfront
Before you sign, you see the total funding cost, every instalment and what happens if one is missed, set against paying from cash.
“Les and Mark were wonderful throughout the entire process, providing expert advice to secure the exact deal I needed for my financial goals. Communication was excellent, and they kept me informed every step of the way.”
Jeff, Google review
“They’re diligent, patient and prompt in following the progress of my loan. I would recommend Evolve Lending & Finance to anyone looking to get your financing done, no matter how large or small your needs are.”
Evan, Google review
In plain terms
Insurance premium funding, explained
Insurance premium funding is a short-term loan that pays your business insurance premiums in full at renewal, so the cover is in place from day one, while you repay the funder in fixed instalments across the policy year. The funded policies are the security, not your property. It is mainstream: the Australian Finance Industry Association estimates 20 to 30 per cent of business policies are funded this way.
Whether it is worth doing depends on what that cash would otherwise do. Funding adds a cost, so it earns its place when the money works harder elsewhere: wages, stock, or a contract that needs spending before it pays. If the renewal lands on top of an ATO debt or strained cash flow, one funded bill will not fix it, and the better first step may be to clear your tax debt or get proper business debt advice.
Send us the renewal, the policies and how cash moves through the business. The answer will be straight: fund it, pay it, or use a facility you already have.
How it works
From renewal notice to cover in place
- Step
The first conversation
A call, usually within one business day, covering the renewal, the policies involved and how cash moves through the business.
- Step
The renewal, checked
We check the renewal invoice, the policies to be funded and each funder’s terms: instalments, total cost and what happens on cancellation.
- Step
The recommendation
Fund it, pay it or use another facility, with the numbers side by side in writing. You decide before anything is signed.
- Step
Funded and in place
Once you sign, the funder pays the premium on your behalf, the cover stays in place and your instalments begin.
Understanding premium funding
How premium funding works in practice
What is insurance premium finance?
Insurance premium finance is a short-term business loan that pays your insurance premiums in full at renewal, usually through your insurance broker. You repay the funder in fixed instalments, usually monthly, across the policy year.
The funded policies are the security, not your property, and the cost is set before you sign. The funder usually pays whoever arranges the funding a commission, and that should be disclosed to you.
What happens if you miss a repayment?
The funder can cancel your insurance. Your agreement gives it authority to cancel the funded policies and collect the refund of unused premium, which leaves the business uninsured.
If that refund falls short of what you owe, the gap and any default fees are still payable. So we check the instalments against your cash flow before you sign, and a tight month means calling the funder before a payment fails, not after.
Is premium funding cheaper than paying upfront?
No. Funding adds interest that paying from cash does not, so it is worth it only when that cash is worth more elsewhere in the business.
Compare total dollars, not the headline rate: a flat rate is charged on the full premium for the whole term, so it looks lower than the true annual cost. If the alternative is an overdraft, a late BAS or work you would turn down, funding often wins. If the cash is sitting idle, paying upfront usually does.
Which insurance policies can be funded?
Most business policies can be funded, including business packages, public and products liability, professional indemnity, management liability, commercial motor and fleet, and property cover. Some funders also fund workers compensation.
Policies from different insurers can usually share one agreement, and a policy taken out part way through the year can often be added while enough instalments remain. Each funder sets its own rules, so the list is checked before anything is signed.
Keep exploring
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Buy the premises the business operates from.
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Know the real cost before you sign
Call 1300 112 355
Questions business owners ask first
What is insurance premium finance?
Insurance Premium Finance allows a business to spread the cost of annual insurance premiums over instalments rather than paying the full amount upfront.
Why would a business use premium finance?
Many businesses use premium finance to preserve working capital, smooth cash flow and avoid tying up capital in a large annual insurance payment.
Is premium finance only available through the insurer?
Not always. Some businesses are first offered premium funding through the insurer or insurance adviser, but independent funding options may also be available depending on the scenario.
Is the insurer’s finance option always the best one?
No. It may be convenient, but it should still be assessed properly against other available structures and the business’s broader financial position.
What types of insurance can be funded?
That depends on the insurer, the policy type and the funding structure, but premium finance is commonly used for a range of commercial insurance policies.
Does premium finance affect the insurance cover itself?
The purpose of premium finance is generally to help fund the premium, not reduce the cover. The details depend on the policy and funding arrangement.
Can premium finance help with cash flow?
Yes. One of the main reasons businesses use premium finance is to reduce the impact of a large annual premium on short-term cash flow.
Is insurance premium finance right for every business?
No. In some cases it makes strong commercial sense. In others, paying upfront may still be the better option. The right answer depends on cash flow, cost, business priorities and the structure available.