What is premium finance?
Premium finance is a reliable, simple, and convenient option for anyone looking to better manage their insurance payments. With the help of Close Brothers Premium Finance, your customers can pay for their insurance policies with fixed monthly repayments, all in one place.
When to introduce premium finance?
As early as possible! With new clients, and when renewal comes round for your established clients.
This is because lump sum payments introduce automatic behaviour. This means that a client pays for their insurance when renewal rolls around, but both you and them miss the chance to talk about policy changes and payment choice.
With seven different benefits to using premium finance, you could be better supporting your clients by asking about their business goals and insurance needs when it’s time for renewal. Whatever they’re looking to achieve, premium finance could be a key part in realising their ambitions.
We have the tools to support you
We’re the original premium finance provider with over 45 years’ experience, providing award-winning service and expertise. We work with you to help all types of customers pay for their insurance, by spreading the annual cost over regular fixed monthly payments. Our digital tools help bring finance to life – like our online calculator for you and your clients to estimate monthly repayments.
Start your conversations with your customers using our customer email templates.
Resource Centre
-
Resource guide
The brokers' step-by-step guide to promoting Close Brothers Premium Finance.
-
Broker guide
Learn about Close Brothers Premium Finance and the range of benefits for your clients.
-
Customer guide
Share this guide with your client or maybe read through it together to shape your discussion.
-
Conversation guide
An interactive tool to help steer your conversation with your clients and identify the benefits that really matters to them, so you can increase your premium finance sales.
-
Comparison loan chart
A comparison of Close Brothers Premium Finance versus other types of credit options.It clearly demonstrates why we’re such a good option for your clients.
-
Broker investment calculator
Click here to use our handy calculator that estimates monthly repayments for your clients, if they choose Close Brothers Premium Finance.
Customer and broker benefits
Insurance payment options from Close Brothers Premium Finance can increase your client opportunities and help grow your business.
We’ll support you every step of the way - from training and sales aids to our on-hand expert knowledge, cost calculator, and pre-approvals.
- Improved cash flow
- No nasty surprises
- Explore more opportunities
- Flexible personalised solutions
- Fast approvals
- All in one
- Claim tax back
- Increased revenue
- Customer growth and retention
- Shared expertise
Premium finance myth busting
-
27%
of small-to-medium enterprises have never been offered premium finance.
-
Half
of small-to-medium enterprises who use a broker would be satisfied with their broker mentioning finance; only 6% were dissatisfied.
-
Only 2%
of small-to-medium enterprises who use a broker think a broker mentioning it would have a somewhat negative impact on their relationship.
-
14 out of 15
After we spoke to people about the benefits of premium finance, 14 of our decision-makers declared an interest in taking commercial premium finance in the future.
Complimentary training and e-Learning
We offer a wide range of training courses. We’ll teach you about our products, our systems and get you up to speed, quickly. Then we’ll regularly check in.
Our team of experts can help you stand out and provide premium finance to the right customers or clients. Offered in person, via video conference or through our eLearning portal – and it’s all completely complimentary.
Whether you’re a new starter, looking to further develop, or wanting to brush up your skills, work in commercial or personal lines – we have something for you.