PREMIUM FINANCE

Insurance is essential for business and premiums can be a very significant business expense. Having agreed their insurance needs, clients often find that the question is “how do we pay for it!” Cash flow is king and facilities are often already spoken for.

Miles Smith has been providing group clients with premium finance since the mid-1990s and our premium finance facility, in conjunction with Close Brothers Premium Finance, offers an easy, affordable and convenient way to pay.

For brokers who no longer hold client monies in respect of items transacted with Miles Smith, our finance option can assist by alleviating administration delays and problems with settlement and return of premiums/commissions, and resolving issues in a timely manner.

SOLUTIONS FOR

UK Broker clients

BENEFITS

  • Increases customer’s appreciation of broker’s assistance and aids retention
  • Sympathetic view when a customer has a low credit score
  • Competitive rates
  • Renewal is simplified with less administration
  • Customers with large insurance premiums find cover more affordable
  • Agency arrangements with Miles Smith stay in place with no loss of control of your client
  • Possibility of charging commission for financial services
  • Little time spent chasing customers for money
  • Focus is on insurance issues not finance
  • Bank statements show instalments have been collected in the name of Close Brothers Premium Finance
  • Receiving premiums on time means faster commission payments
  • Minimises delays for customers
  • Helps keep your account with Miles Smith within your ‘Terms of Credit’

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Our offices are located in the City of London.

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