Franklin D Roosevelt wisely said: “We cannot always build the future for the youth, but we can build our youth
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Between the pandemic and South Africa’s recent civil unrest, it’s hard to believe that we can have any cake at all. Never mind eat it, too.
What many South African business owners, CFOs, and other insureds don’t realise is that Insurance Premium Finance provides you with critical commercial insurance coverage (you can have your cake), while freeing up cash so you can manage and grow your business (and eat it too).
This is one of the reasons why Premium Financing is so powerful. Better managing your cash flow is the foundation of success in any business (ask any accountant you know and they’ll agree whole-heartedly).
One of the best parts about the pandemic and the recent civil unrest is that we’ve seen (or experienced first-hand) the importance of protecting businesses against unexpected events – from legal claims, to loss or damage to property (the list goes on). Because business owners are faced with huge financial responsibility – insurance premiums often being one of the biggest – they often choose not to take out insurance coverage so that they can avoid the big upfront insurance premium. This can be an extremely costly mistake.
Fulcrum Premium Finance allows businesses to borrow (at an exceptionally low rate) the premium amount. This funding mechanism allows businesses to finance their yearly short-term insurance premiums by paying them off on a monthly basis. Therefore, businesses can enjoy the benefits of annual insurance policies, while ensuring that the upfront payment requirement does not impact their cash flow.
Instead of paying for their annual premiums upfront, they can rather inject this ‘saved’ cash into their businesses. They can therefore better manage their cash flow, and even leverage the cash as operational capital – investing in people, facilities, and equipment.
If you want to have your cake and eat it too, you can contact us here
– we’re the most trusted provider of Premium Finance facilities in the South African marketplace.