Personal Clients – Pay by the Month Option
Just like business operations, cash flow is very important in managing a personal budget.
So for your convenience, Gallagher has developed a special arrangement for personal policies that do not qualify for the business premium funding system.
How it works…
We arrange for payment of your premiums to us by the required date through Principal Finance which specialises in this type service.
You repay Principal Finance the premium cost plus their finance charge in monthly instalments by EFT through the Direct Debits Payment System.
Want to know more?
Just talk to one of Gallagher’s friendly broking consultants who can arrange for a Pay by the Month facility for your personal policies – refer to the options available below.
DEFT – Payment Systems Option
If you do not require a Pay by the Month facility, Gallagher has an arrangement with Macquarie Bank to use their DEFT Payment System to allow convenient, secure online options to pay your premium in the following ways:
Pay by credit card over the Internet from Macquarie Bank (VISA, Mastercard, American Express, Diners Club) – click here.
Telephone 1300 78 11 45
24 Hour service to pay by credit card over the phone Bank (VISA, Mastercard, American Express, Diners Club).
Make a payment direct from your financial institution cheque or savings account, using the Biller Code and BPAY Reference Number on your invoice.
Present your Gallagher invoice in tact at any Australia Post Office. Payments may be made by cash, cheque or EFTPOS.
Simply detach your payment slip and mail it to: Gallagher, GPO Box 1833, Adelaide SA 5001
Business Clients – Premium Funding Option
Cash flow management is an important requirement for any successful commercial business and a lump sum insurance payment could be disruptive to annual business cash flows.
Premium Funding can help to avoid large insurance bills that need to be paid in one lump sum by offering a flexible and convenient way to spread insurance costs into smaller monthly payments.
The ‘cash flow’ advantages of funding your Insurance Premiums are that you obtain an additional Line of Credit which preserves working capital for better investment in your business.
Premium Funding is a flexible insurance payment option that can be structured to meet the financial needs of your business.
Enjoy the following benefits of Premium Funding:
- Retain working capital
- Fixed interest rate – tax deductible
- No loan security cost – the policy itself is the security
- Flexible repayment options
- Various repayment methods
How does it work?
On your behalf, Gallagher arrange for payment of your insurance premiums to us by the required date through one of a range of Premium Funders.
You repay to the Premium Funder the total premiums cost plus their finance charge in monthly instalments by EFT through the Direct Debits Payment System.
This funding option is available for commercial insurance including industrial special risk, public liability, workers’ compensation, motor vehicle, professional indemnity and most others.
To find out more …
Just talk to one of Gallagher’s friendly business consultants who can arrange for a Premium Funding quotation for your business account.