LA Insurance

The benefits of premium funding

Managing a business involves numerous financial responsibilities, and one aspect is ensuring you have insurance coverage. However, paying insurance premiums upfront in a lump sum can strain your cash flow, especially for small and medium-sized businesses. This is where premium funding steps in as a valuable financing option.

What is premium funding?

Plant and equipment insurance is not just a protective measure; it is an integral component of strategic business planning, especially for operations that heavily rely on machinery and equipment. This insurance ensures that businesses can face operational challenges with confidence, knowing that they are protected against a spectrum of risks associated with their essential equipment.

What are the benefits of premium funding?

Cash flow

Interest charges can be tax deductible

Interest charges can be tax deductible

No additional security required

What factors influence your premium?

  • Type and level of cover selected
  • Optional benefits provided under your policy
  • Receiving (or losing) insurer discounts for loyalty/bundling
  • Previous claims and incident history
  • Inflation (locally and globally)
  • Large-scale claims events
  • Whether you pay your premiums annually, monthly or by instalments
  • Government taxes, duties and levies
  • Your excess.

With premium funding, you can protect your business with confidence while optimising your cash flow management. Flexible repayment options, tax benefits, and a personalised approach make premium funding a smart choice for businesses looking to enhance financial stability and security.


LA Insurance Pty Ltd ABN 16 610 540 577. Corporate Authorised Representative of Insurance Advisernet Australia Pty Ltd, Australian Financial Services License 240549. Corporate Representative No. 1255587.
Any information provided herein is of a general nature only. No consideration has been taken into your objectives, needs or financial situation. Before acting on this information you should consider if it is appropriate for your situation.