Premium Finance Broker Info – Union Financial

broker advantage

Improve Workflow. Strengthen Cash Flow.

Premium financing gives brokers more than a flexible payment option for their clients—it can also improve the efficiency and financial performance of the brokerage.

By financing the premium, the full financed amount is paid to the brokerage upfront, rather than being collected from the client over multiple installments. This helps improve brokerage cash flow, reduces outstanding receivables, and minimizes the time staff spend following up on premium payments.

Once financing is arranged, the premium finance provider manages the client’s scheduled payments, allowing brokerage staff to focus on servicing clients, renewals, retention, and new business rather than payment administration.

FOR THE BROKERAGE, THE BENEFITS INCLUDE:

Improved cash flow through upfront payment of financed premiums
Reduced accounts receivable and fewer outstanding client balances
Less payment administration and collection follow-up

Simplified reconciliation and more predictable premium remittance

Fewer resources devoted to managing installment plans
A convenient payment option for clients without requiring the brokerage to carry the receivable
Greater operational efficiency, allowing staff to focus on higher-value client activities

The result: a more efficient workflow, stronger cash flow, reduced administrative burden, and a better payment experience for clients.

Premium financing turns premium collection from an administrative burden into a streamlined, outsourced process—while helping the brokerage get paid sooner.