Have you ever noticed how paying for things in instalments can make life easier? Paying an account a little at a time reduces the strain on your clients cash flow and frees up their money for more important things.
Many of our broker partners tell us that 30 – 35% of their clients will take up a premium funding offer to pay their insurance by instalments. Those brokers that achieve a higher percentage than this do so by following these basic rules
- Never assume your client’s financial position. Always offer funding upon renewal as business circumstances change from year to year
- Place a Principal’s “Pay by the Month” sticker on your client’s invoice
- Include an educational premium funding flyer when quoting to new clients
- Give your client the control to accept their funding application online – electronic acceptance is easy and convenient.
Some helpful flyers are available here, alternatively speak to your local Principal representative.
We want to make it easy for you to explain our features to your clients. We have a range of marketing options you can access that will help your clients understand how these features work.
|PRINCIPAL FEATURES FLYER|
|PAY BY THE MONTH FLYER|