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Products and services

Insurance premium funding

Lump sum payments aren’t always practical. Pay in monthly instalments with insurance premium funding arranged by Marsh.

                              0800 376 304

What is insurance premium funding?

Cash-conscious premium payments*

Increasing cash flow is a key challenge – and goal – for any business. Marsh can arrange premium funding solutions to help keep cash flowing – by dividing your payments into manageable chunks.

Access to an extra line of credit

Losses and accidents don’t wait. Not even if you’ve reached your policy limit. Premium funding can help give you an extra line of credit – giving you a bit more wiggle room if things go awry.

Fixed terms and interest rates

Insurance premium funding can help make premium payments predictable. With fixed terms and interest rates, your premium payments will never catch you off guard.

Flexible payment plans

Choose to spread out your payments in instalments over 2, 6, 8, 10 or 12 months. Whatever works best for you.**

Multiple payment options

Not just when, but how. You can opt to pay your monthly instalments via direct debit, BPAY and most major credit cards.

Instant approval under $100K

If the total funding for your premium is under $100K, you may be automatically approved for monthly instalments.

Key benefits

Simpler budgeting

By spreading insurance payments over a set timeframe, you can budget with confidence for predictable payments.

An extra line of credit

Premium funding arranged by Marsh gives you access to another line of credit, offering an alternative to hard-to-secure business loans.

Tax-deductible interest

Depending on your accounting structure, you might be able to claim interest payments as tax deductions.***

No credit assessment needed

You don’t need a credit assessment to get premium funding. We can arrange monthly instalments with minimal admin.

Why use a broker?

Choosing business insurance means navigating through products, coverages and policy terminology – with a sales pitch as your only guide. At Marsh, our brokers will spot your unique set of risks, match you to the right choice, and advocate for you on price.

female insurance broker talking to clients

Why Marsh?

Why should you choose Marsh to arrange your insurance solutions?

In business, we've got your back

From mum and dad’s dairy, to national pizza chains, Marsh has a 60+ year history of supporting New Zealand’s business community. Our award-winning brokers are fluent in the latest global and Kiwi market insight and risk, but cut through the jargon to speak your language.  

Local expertise

Our New Zealand-wide network of brokers has spent years at the forefront, supporting business owners to manage their unique risks in a fast-changing market. Our brokers keep ahead of the latest market insights, both local and global, and break down complex terminology.

Claims support

Handling an insurance claim can quickly become overwhelming, not least when your time is stretched to the limit keeping your business going in the backdrop. We help take the load off and manage, negotiate and settle claims with insurers on your behalf.

Easy, secure systems

With Marsh, applying for – and renewing – premium funding via our secure system can be as smooth as your payment plan.

Expanded cover options

Premium funding solutions arranged by Marsh can help you afford the coverage you need – which may have otherwise been out of reach.

Unrivalled capabilities

We can leverage the Marsh McLennan network to bring you unparalleled risk insights – from across the Pacific and the world.

Related insurance solutions

slected option

Business insurance

Looking for specialist expertise? Our brokers will tailor business cover for you – no matter your industry. 

 

Professional indemnity

Protect your business against claims of misleading advice, breach of duty and negligence with professional indemnity cover.

Public liability cover

Protect your business against third-party accidents and costly legal fees. Let us arrange the right cover for your needs.

Marketing consultant cover 

In marketing, strategy is key. Consider a strategic approach to your insurance – let the industry experts arrange yours. 

Travel agent insurance 

We can arrange insurance products and services that may suit the travel industry, including professional indemnity and income protection. 

HR consultant cover 

Your clients know the value of your time. Why not free up some more? Let us arrange comprehensive insurance for you. 

 

Tradies insurance

Our experienced trades team can arrange comprehensive cover at competitive rates – and get you a certificate of currency on the same day.

Transport insurance

Whether by freight, rail, road or air, transport comes with unique risks. Let us arrange comprehensive cover tailored to your needs.

Hospitality insurance

Hospitality workers work hard. Take a load off – let us arrange a comprehensive policy tailored to your needs.

 

Frequently asked questions

Yes. If you have several policies with Marsh, you can easily combine all your premiums under one direct debit payment.

To find out how, just reach out to our team.

Yes. We’ll happily arrange premium funding for all premiums over $200.

In this instance, you can choose either a 10-monthly or 12-monthly instalment plan.

If you’d like to, you can. But our online submission form is easy and intuitive.

To pay online, simply click on the link in your email invoice. Fill in your payment details, accept the terms and conditions, and submit.

No, you don’t. There is a rollover option on your initial submission that will let your monthly instalment options renew automatically.

You can also choose to opt out of this at any time. If you do, you’ll need to resubmit your application to keep your monthly instalments.

Even if you opt into the rollover option, we’ll still send you a yearly renewal pack. It contains all the details you need to understand your payments.

Once you’ve submitted an online request for premium funding, you’re approved for a certificate of currency almost instantly.

Request one by emailing your Marsh broker. They’ll provide it to you as soon as your premium funding arrangement is approved.

You’ll need to contact your Marsh broker first to cancel your policy. They’ll then determine if a pro rata return premium is applicable. A pro rata return premium is the amount left to pay after a policy is cancelled. It’s proportional to the time left on the policy.

If it is applicable, your broker will send the return premium to your premium funder. They’ll put the amount towards your remaining monthly instalments.

Your premium funder will refund any excess funds directly to your nominated bank account or credit card. If there’s a shortfall, they’ll contact you to collect the outstanding funds.

If you change banks or want to switch accounts, you can simply email us your new bank details.

You’ll need to contact our premium funder, Hunter, directly. Call them on 1300 486 837.

For policy enquiries, it’s best to speak with your Marsh broker.

Request a call back

Yes, as long as your current arrangement has three or more instalments left.

Yes. Once your premium has been approved, you will be sent a repayment schedule noting the breakdown of your monthly instalments, inclusive of interest.

LCPA 23/150 

Marsh Ltd (NZBN 9429040918792)(“Marsh”) arranges insurance and is not an insurer. This webpage contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire the product, refer to the specific policy wordings and/or product disclosure statements available from Marsh on request. 

*Hunter Premium Funding terms and conditions apply.

** Options may be limited for smaller premiums. 

*** Consult your accountant to check if you are eligible.