Agencies and financial professionals are always seeking ways to grow revenue, streamline operations, and strengthen client relationships. At Cost Financial, we help turn an overlooked opportunity into a powerful profit center for your business: premium finance ownership and management. With over three decades of experience serving insurance agencies, general agents, and financial professionals, Cost Financial provides a turnkey solution that allows you to earn more, work less, and keep control of your premium financing programs, without ramping up internal resources.
What We Do
At its core, Cost Financial specializes in helping organizations own and operate their own premium finance companies, without the hassles typically associated with starting and managing these operations. Instead of routing premium finance business through third‑party finance companies and earning minimal commissions, you can retain 100% of the profits and dictate your own terms and structure.
Our comprehensive services span every aspect of managing a premium finance company:
Full Operations Management
We provide complete day‑to‑day operational support. From booking accounts and processing payments to issuing billing statements and handling customer inquiries, our expert team ensures everything runs smoothly. We even secure a dedicated phone number and manage client communications, all under your company’s name.
Robust Accounting Services
Behind every successful finance operation is strong accounting. Our team handles banking transactions, prepares monthly reports (including balance sheets and profit & loss statements), monitors lines of credit, and delivers year‑end summaries. This level of financial insight gives you clarity and confidence to make informed business decisions.
Licensing Support
Different states have varying requirements for premium finance companies. We assist in preparing and submitting licensing paperwork, handling renewals, and communicating with regulatory bodies, removing another layer of complexity for you.
Technology and Integration
Cost Financial’s online platform makes quoting, signing, and managing agreements simple and efficient. With features like e‑billing, e‑signatures, real‑time account tracking, and API integration, you gain a modern system that enhances agency workflows without adding burdens on your staff.
Customer Service Excellence
Your clients deserve the same first‑class support they get from you — and that’s exactly what we provide. We offer multiple payment options (ACH, credit card, online portal, phone payments) and 24/7 access so insureds can make payments or get assistance whenever they need it.
Strategic Collections Support
While premium financing is generally secure, sometimes balances require follow‑up. Our collections specialists work diligently to resolve outstanding amounts in a professional and compliant manner, and we consult you at every step.
Why It Matters
If your agency currently refers premium financing to a third party, you’re leaving significant revenue on the table. On average, our clients earn $30,000 to $40,000 (before taxes) per million dollars financed, far outpacing traditional commission programs.
More importantly, owning your premium finance company gives you full control over rates, terms, and client interactions, empowering you to tailor your offerings and build deeper customer loyalty. With Cost Financial handling the backend operations, you can stay focused on core business growth without adding staff, systems, or administrative headaches.
Make Premium Financing a Strategic Advantage
For nearly 35 years, Cost Financial has stood alongside insurance agencies, MGAs, and financial professionals who want to elevate their revenue, reduce dependency on outside finance companies, and create a new profit stream that aligns with their business goals. Whether you’re just exploring the concept or ready to launch your premium finance company, we provide the expertise, technology, and support needed to make it a success.
Ready to take control of your premium financing profits? Visit costfinancial.com to learn more about our services and get in touch with our team. Let Cost Financial help you unlock the full potential of your business today!