Premium financing — it’s an important part of doing business in the insurance industry today. Whether you’re working with individuals or businesses, your agency must be able to offer your clients the option of making monthly payments on their insurance premiums rather than paying the entire annual premium upfront. But do you realize just how little you earn from the premium financing you set up for your clients?
Many agents earn as little as $5,000 to $10,000 for each $1 million in premium financing that they arrange. With our help, though, you could earn $30,000 to $40,000. How? Instead of giving away revenue to outside sources, we can help you start your own premium financing company. That’s right. With your own premium financing organization, you can boost your revenues and help make your agency more profitable. We make the process of starting your own premium financing company easy. We can help you form the company and get started with an easy-to-use online quoting and management system.
COST Financial Group was founded by David E. Gebhardt, who saw that an opportunity existed for insurance agencies to build a separate profit center to enhance their organizational value. He knew, however, that it would be too costly and time consuming for insurance companies to operate a premium financing company on their own. Today, COST Financial continues to offer a standard of service to which premium finance companies aspire. Our structure and size allows us to work with our clients on an individualized basis, offering them flexible solutions that fit their market and profit goals. We’re continually adapting and improving our programs to best meet the needs of the insurance agencies we serve.
With our help, insurance agencies can provide their customers a number of great features with their premium financing, such as electronic billing, online account management, 24/7 phone support and more. We do all the work so agency owners can stay focused on their core business. Questions? Reach out to us today to learn more about how we can help your agency improve its bottom line.