20 Feb PROTECTING YOUR PRACTICE
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Protecting your practice
Do you find it frustrating when you can pay some of your practice insurance bills in monthly instalments but others come out as huge lump sums once a year?
Taking out insurance is an important step to protecting your practice in case of something unforeseen.
Insurances like professional indemnity, public liability, workers compensation, equipment insurance, building and contents, income protection, vehicle and equipment insurance provide peace of mind for every practitioner.
But with so many policies to pay upfront each year, the cost can drain your cash flow in a very short time period.
By wrapping up your premiums into one simple monthly payment you can free up cash flow for other expenses or business growth. This means you can spread the cost of your premiums over 10 or 12 months.
How it works is simple.
Your premium funding provider pays your policies upfront and you repay this as a loan over equal monthly instalments. No additional security is required as your policy secures the loan and interest is usually tax deductible.
With a fast and simple approval process, you can insure your practice, and maintain a healthy cashflow all year round.