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Insurance premium funding

Lump sum payments aren’t always practical. Pay in monthly instalments with insurance premium funding arranged by Marsh.

What is insurance premium funding?

Cash-conscious premium payments*

Increasing cash flow is a key challenge – and goal – for any business. Marsh can arrange premium finance solutions to help keep cash flowing – by dividing your payments into manageable chunks.

Access to an extra line of credit

Losses and accidents don’t wait. Not even if you’ve reached your policy limit. Premium funding can help give you an extra line of credit – giving you a bit more wiggle room if things go awry.

Fixed terms and interest rates

Insurance premium funding can help make premium payments predictable. With fixed terms and interest rates, your premium payments will never catch you off guard.

Flexible payment plans

Choose to spread out your payments in instalments every 2, 6, 8, 10 or 12 months. Whatever works best for you.**

Multiple payment options

Not just when, but how. You can opt to pay your monthly instalments via direct debit, BPAY and most major credit cards.

Instant approval under $100K

If the total funding for your premium is under $100K, you may be automatically approved for monthly instalments.

Key benefits

Simpler budgeting

By spreading insurance payments over a set timeframe, you can budget with confidence for predictable payments.

An extra line of credit

Premium finance arranged by Marsh gives you access to another line of credit, offering an alternative to hard-to-secure business loans.

Tax-deductible interest

Depending on your accounting structure, you might be able to claim interest payments as tax deductions.***

No credit assessment needed

You don’t need a credit assessment to get premium funding. We can arrange monthly instalments with minimal admin.

Why use a broker?

Choosing business insurance means navigating through products, coverages and policy terminology – with a sales pitch as your only guide. An experienced broker will spot your unique set of risks, match you to the right choice, and advocate for you on price.

Why Marsh?

Why should you choose Marsh to arrange your insurance solutions?

Trusted by 130 associations

We are proud to be the endorsed insurance broker for more than 130 Australian industry groups and member associations, developing insurance solutions that help meet the risk and insurance needs of businesses across a variety of industries.

Local expertise

Our Australia-wide network of brokers have spent years at the coalface supporting business owners manage their unique risks in a fast-changing market. They keep ahead of the latest market insights both local and global and break down the jargon into your language.

Claims support

Handling an insurance claim can quickly become overwhelming, not least when your time is stretched to the limit keeping your business going in the backdrop. We help take the load off and manage, negotiate and settle claims with insurers on your behalf.

Easy, secure systems

With Marsh, applying for – and renewing – premium finance via our secure system can be as smooth as your payment plan.

Expanded cover options

Premium funding solutions arranged by Marsh can help you afford the coverage you need – which may have otherwise been out of reach.

Unrivalled capabilities

We can leverage the Marsh McLennan network to bring you unparalleled risk insights – from across the Pacific and the world.

Related insurance solutions

slected option

Professional indemnity cover

Looking for specialist expertise? Our brokers will tailor business cover for you – no matter your industry.

Business insurance

Looking for specialist expertise? Our brokers will tailor business cover for you – no matter your industry. 

Public liability insurance

Protect your business against third-party accidents and costly legal fees. Let us arrange the right cover for your needs.

Allied health insurance

Arranging cover options for more than 700 allied health modalities, we’re here to support the vitality of your health service.

Events insurance

Let Marsh cater to your industry’s unique insurance needs – so you can keep your focus on the celebrations.

Hospitality insurance

Hospitality workers work hard. Take a load off – let us arrange a comprehensive policy tailored to your needs.

Professional services cover

You’re an expert in your field. We’re experts in ours. Let Marsh arrange professional services cover tailored to you.

Retail insurance

Whether you’re online or in-store, let Marsh service your insurance needs – so you can stay focused on your customers.

Tradies insurance

Our experienced trades team can arrange comprehensive cover at competitive rates – and get you a certificate of currency on the same day.

Construction insurance

Injury and property damage are just two prominent construction risks. Let us arrange insurance for those most relevant to you.

Transport insurance

Whether by freight, rail, road or air, transport comes with unique risks. Let us arrange comprehensive cover tailored to your needs.

Gym insurance

Want fitness insurance that doesn't weigh you down? Let Marsh arrange your cover – and get your certificate of currency in minutes.

Frequently asked questions

Yes. If you have several policies with Marsh, you can easily combine all your premiums under one direct debit payment.

To find out how, just reach out to our team.

Yes. We’ll happily arrange premium funding for all premiums over $200.

In this instance, you can choose either a 10-monthly or 12-monthly instalment plan.

If you’d like to, you can. But our online submission form is easy and intuitive.

To pay online, simply click on the link in your email invoice. Fill in your payment details, accept the terms and conditions, and submit.

No, you don’t. There is a rollover option on your initial submission that will let your monthly instalment options renew automatically.

You can also choose to opt out of this at any time. If you do, you’ll need to resubmit your application to keep your monthly instalments.

Even if you opt into the rollover option, we’ll still send you a yearly renewal pack. It contains all the details you need to understand your payments.

Good news! Once you’ve submitted an online request for premium finance, you’re approved for a certificate of currency almost instantly.

Request one by emailing your Marsh broker. They’ll provide it to you as soon as your premium finance arrangement is approved.

You’ll need to contact your Marsh broker first to cancel your policy. They’ll then determine if a pro rata return premium is applicable. A pro rata return premium is the amount left to pay after a policy is cancelled. It’s proportional to the time left on the policy.

If it is applicable, your broker will send the return premium to your premium funder. They’ll put the amount towards your remaining monthly instalments.

Your premium funder will refund any excess funds directly to your nominated bank account or credit card. If there’s a shortfall, they’ll contact you to collect the outstanding funds.

If you change banks or want to switch accounts, you can simply email us your new bank details.

You’ll need to contact our premium funder, Hunter, directly. Call them on 1300 486 837.

For policy enquiries, it’s best to speak with your Marsh broker.

Request a call back

Yes, as long as your current arrangement has three or more instalments left.

Yes. Once your premium has been approved, you will be sent a repayment schedule noting the breakdown of your monthly instalments, inclusive of interest.

LCPA 23/144

Marsh can provide factual information (for example, information about the cost or terms and conditions, or the process to sign up) about premium funding, but cannot provide financial advice about whether to sign up for premium funding. If you require financial advice about whether premium funding is a suitable product, you should talk to a licensed financial advice provider outside Marsh or the premium funder.

Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238369) (“Marsh”) arranges the general insurance (i.e. not the Discretionary Trust Arrangement) and is not the insurer. This page contains general information and does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh on request. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). Any advice or dealing in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226 827) (“JLT”). JGS and JLT are businesses of Marsh McLennan. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions.

*Hunter Premium Funding terms and conditions apply.

**Options may be limited for smaller premiums.

***Consult your accountant to check if you are eligible.