NEXT STEPS

Interested in Pursuing the Path to Profit?

1. Review your existing premium finance program with third party PF providers. Determine number of contracts and average premium size.
2. Determine what opportunities exist for other brokerage business to be placed on an internal premium finance program.
3. Multiply the anticipated business volume to be run through your in house PF program by 1/3 to determine the capital/credit facility required to support the in house PF effort.
4. Register a trade name and set up bank account for your PF service.
5. Broker Builder customizes system for your PF service.
6. Communicate with staff the premium finance business plan.
7. Staff training.
8. Begin to offer premium finance loans to selected customers.