For more information about how we can
previously mentioned, we work to find the best options
for our clients. Sometimes this even includes getting
better payment options. For example, most standard
companies require 20 – 25% down, followed
by 9 or 10 payments. We have one company that will
issue a commercial policy on 10 equal, monthly installments.
For our bus companies and van services, we have
secured a similar arrangement. These premiums can
be substantial and are always in need of a premium
finance company. Although most premium finance companies
will provide this service, they generally require
a 25% down payment and charge anywhere between 12%
and 24% APR.
We have secured a special arrangement with our main
premium finance company. For busses or van services,
we can get the down payment to 15% and the interest
rate no higher than a single digit. With premiums
well in excess of $100,000, the savings to our clients
in this part of their insurance portfolio alone
has been in the thousands of dollars.