New analysis from Premium Credit has shown that the Construction sector borrows the most to fund insurance premiums. The Professional and Scientific sector saw the most growth in terms of using credit for insurance. The data showed that 54% of SMEs use some form of credit to pay for insurance premiums, borrowing an average of…
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SMEs are switching to monthly payments for insurance bills as premium increases put pressure on their businesses according to new research Premium Credit. The research showed that 43% value the ability to pay for insurance monthly through premium finance or finance offered by insurers compared with 32% who prefer to pay in a lump sum.…
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New research from Premium Credit has found that the number of SMEs using credit to pay for their insurance has increased in the past year with nearly one in five of them increasing the amount they borrow. The analysis showed that 55% of SMEs now use some form of credit to pay for insurance borrowing…
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