Tips, guides, and industry news for independent insurance brokers.
Nuclear verdicts — jury awards exceeding $10 million — are becoming more frequent and are reshaping commercial liability pricing. Brokers who understand the trend can explain it clearly to clients and offer practical tools to manage the cost impact.
Read moreEmbedded finance is one of the most-discussed trends in insurtech, but most explanations are written for investors, not brokers. Here is what it actually means for how premium financing will work in the next few years — and what brokers can do now.
Read moreAn MGA endorsement of a premium finance company is a force multiplier — one relationship that puts a better financing option in front of every retail broker in the network. Here is how to think about it and what to look for in a PFC partner.
Read moreWhen a client's premium feels unaffordable, the instinct is to shop the coverage. That is one lever. There are three others — and the brokers who know how to use all four are the ones who keep clients when the market is working against them.
Read moreRising commercial premiums make every renewal a harder conversation. Brokers who know how to explain the market context, lead with solutions, and position themselves as advisors keep clients. Those who just deliver bad news do not.
Read moreOne producer offering premium financing is a good start. An entire agency team offering it on every eligible account is a revenue transformation. The difference is systems, training, and a clear internal standard.
Read moreMost brokers stay with their first PFC out of inertia. Switching is simpler than it looks — and if your current provider is costing your clients money or costing you revenue, the case for moving is straightforward.
Read moreMost brokers offer premium financing reactively — when a client asks or when a premium is too large to ignore. Building it as a formal program changes the economics of your agency entirely.
Read moreFarming and agribusiness clients carry enormous, seasonal insurance programs. Premium financing lets them spread costs across the year rather than depleting operating capital right before planting season.
Read moreCommercial real estate portfolios carry substantial insurance premiums that compete directly with mortgage payments, operating expenses, and capital reserves. Here is how premium financing helps property owners and managers — and how brokers can use it to grow their real estate book.
Read moreManufacturers carry complex, layered insurance programs with large premiums and uneven cash flow tied to production cycles. Here is how premium financing helps — and how brokers can use it to grow their manufacturing book.
Read moreHealthcare clients carry some of the most expensive and complex insurance programs in commercial lines. Here is how premium financing helps medical practices, clinics, and facilities manage costs — and how brokers can grow their healthcare book.
Read moreTransportation clients carry some of the highest insurance premiums in commercial lines, and their cash flow is anything but predictable. Here is how premium financing helps and how brokers can use it to grow their transportation book.
Read moreConstruction clients carry some of the largest and most complex insurance programs in commercial lines. Here is how premium financing helps them manage costs and how brokers can use it to grow their book.
Read moreNon-admitted carriers frequently require full premium payment at binding, which creates a cash flow challenge for clients. Premium financing bridges that gap — but there are a few things brokers need to understand before offering it on E&S placements.
Read moreAs admitted markets tighten and more risks move to E&S carriers, brokers need to understand how premium financing works for non-admitted policies. The mechanics differ slightly — but the revenue opportunity is just as real.
Read moreA premium spike puts clients in a difficult position and brokers in an uncomfortable one. The right response is not to apologize or immediately shop the coverage — it is to reframe the conversation around what the client can actually control.
Read moreRenewal is the moment clients are most likely to shop. Premium financing gives you a way to reframe that conversation from price to value before a competitor even gets a call.
Read moreBrokers who offer premium financing retain clients at higher rates. The reason is straightforward: when you solve a client's cash flow problem at renewal, you become harder to replace than a broker who only competes on price.
Read moreEvery premium finance agreement includes a power of attorney that gives the lender the right to cancel the policy in a default scenario. Here is what that means, what limits apply, and what every broker needs to know before recommending financing.
Read moreA missed premium finance payment triggers a strict regulatory timeline. Understanding the process — from grace period to cancellation — is essential for every broker who recommends financing to clients.
Read morePolicy lapses from premium financing are almost entirely preventable. A few systematic habits — most of them taking less than five minutes — eliminate the vast majority of lapse risk before it starts.
Read moreTexas is one of the most broker-friendly states for premium financing. Here's what you need to know about rates, arranger fees, and how Patch serves Texas brokers.
Read moreBefore offering premium financing in your state, you need to know the rules. Here is a plain-language breakdown of premium finance regulations across all six states where Patch is licensed.
Read moreA financed policy cancellation is one of the most stressful situations a broker can face. Here is exactly what happens, what you are responsible for, and how to prevent it.
Read moreMost brokers think of premium financing as a service for clients. The brokers growing fastest think of it as a revenue line. Here is how to build it into your agency.
Read moreMost clients have never heard of premium financing. Here is how to introduce it clearly, handle common objections, and position it as a smart financial tool rather than a last resort.
Read moreCarrier installments and premium financing both let clients pay over time, but they work very differently. Here is how to compare them and advise clients on the right choice.
Read moreRate questions are the number one objection that kills premium finance deals before they start. Here is how rates are set, what is typical in today's market, and how to explain the cost so clients say yes.
Read moreA premium finance agreement is a loan contract, not an insurance product. Here is what every broker needs to know about how they work, what the key terms mean, and how to explain them to clients.
Read moreNot all premium finance companies are equal. Here's a practical framework for evaluating your options — and the questions every broker should ask before signing up.
Read moreAdding premium financing to your agency doesn't require a new license or new systems. Here's a practical guide to getting started — from first conversation to first funded loan.
Read morePaying in full is simple. Premium financing preserves capital. Here's how to think through the decision for your clients — and when each option makes sense.
Read moreArranger fees are one of the most valuable — and least understood — revenue opportunities in premium finance. Here's what every broker needs to know.
Read moreInsurance premium financing lets businesses spread the cost of their annual insurance premiums into monthly payments. Here's how it works and why brokers offer it.
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