Access Multple Premium Finance markets through one source
May 26, 2008
MULTIPLE SOURCES – ONE FINANCE COMPANY
Written by Bill Friend, Principal of PFA / FCF
PFA – Premium Finance Associates was founded in June of 2002 under the premise that premium finance companies have certain strengths and weaknesses. Some will finance Work Comp premiums while others won’t. Some will process personal lines premium while others only specialize in commercial lines. Some will process assigned risk premiums while others refuse to accept. The point is that while some premium finance companies excel in certain areas of finance, others do not. It is important that the streamline of business is not interrupted by rescinded premium finance contracts. This causes delays and potential cancellation due to funding issues which interrupts production.
At Premium Finance Associates, we bring over a decade of experience in working relationships with various national premium finance companies licensed in all 50 states. We take a consultative approach to discern what types of commercial/personal/life lines business best matches the strengths of the companies we represent. Whether your agency specializes in trucking, construction or professional liability, our companies compete to earn the privilege of financing your insured’s premium.
Our Online quoting and viewing programs offer agent/broker’s 24/7/365 access to the best in automated technology. Here are just some of the benefits over 350 agent/brokers have access to:
- Online anytime access to quote at the agency or remotely. Many of our agent’s can create a finance contract at their prospect’s office, get it signed and either e-mail or fax it in for immediate processing.
- Access to insured’s account information.
- Custom reporting.
- Same day processing of payments online or by fax. This can eliminate costly late fees or cancellation due to mail delays of payments.
- Cancellation hold features.
- Auto ACH debit which processes payments automatically via insured’s checking or savings account.
Call or e-mail us today to get an account set up for your agency/brokerage. Our sister company Friend Capital Funding, offers agent/brokers the capability to cross market to their insured database. FCF offers agents the capability to increase and diversify their income streams especially in a soft insurance market where premiums have declined considerably. We have a unique advantage over other companies especially in this soft market where profits have taken a hit due to the soft market.
Contact: Bill Friend, Principal
866.374.3630
www.PremiumFinanceAssociates.com
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