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Managing cash flow and budgets is an ongoing task for businesses that often involves challenges around large annual and unexpected expenses, and/or revenue gaps. Paying business insurance premiums at renewal time can present a significant drain on resources and liquidity — but there is an alternative to lump sum payments: premium funding.

Insurance premium funding is a simple, fixed rate loan that enables a business to spread the cost of their insurance over a year instead of paying upfront. Here we look at the main features of premium funding and some of the most commonly asked questions about what's involved.

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