Miles Smith has been providing group clients with premium finance since the mid-1990s and our premium finance facility, in conjunction with Close Brothers Premium Finance, offers an easy, affordable and convenient way to pay.
For brokers who no longer hold client monies in respect of items transacted with Miles Smith, our finance option can assist by alleviating administration delays and problems with settlement and return of premiums/commissions, and resolving issues in a timely manner.
UK Broker clients
Increases customer’s appreciation of broker’s assistance and aids retention
Sympathetic view when a customer has a low credit score
Renewal is simplified with less administration
Customers with large insurance premiums find cover more affordable
Agency arrangements with Miles Smith stay in place with no loss of control of your client
Possibility of charging commission for financial services
Little time spent chasing customers for money
Focus is on insurance issues not finance
Bank statements show instalments have been collected in the name of Close Brothers Premium Finance
Receiving premiums on time means faster commission payments
Minimises delays for customers
Helps keep your account with Miles Smith within your ‘Terms of Credit