Workers Compensation premium payment solution
"AB Phillips made the quote and approval process simple and easy. I was pre-approved within days, and applied online, with no additional paperwork. Premium funding enabled me to get the WorkSafe 5% early payment discount - so I saved money and maintained my cash flow! I am thrilled with the expert advice received from the AB Phillips team."
Warwick Heinrichs, Finance Director
Hunt Engineering & Staff Pty. Ltd
Workers compensation is a compulsory and necessary annual payment which provides compensation for workers who are injured in the course of their employment.
AB Phillips understands that a large annual bill such as workers compensation can have a significant effect on your cash flow and is a large up-front cost to your business.
Whilst discounts are provided for up-front payments, managing your cash flow around this payment can be difficult.
AB Phillips has partnered with Hunter Premium Funding to provide you with a Pay By The Month Solution, so you can take advantage of up-front or early-bird discounts without crippling your cash-flow.
It’s called Premium Funding and it works like this:
You provide us with your premium renewal notice.
We provide you with the most competitive quote to pay your workers compensation premium up front to the insurer (via Hunter Premium Funding).
You repay the loan (plus a small tax-deductible interest charge) in monthly installments over a set term.
It’s simple, sensible, stress-free and can even save you money (as discounts will often outweigh the interest payable).
Features of our Premium Funding Facility include:
Low tax-deductible interest charge (a detailed quote will be provided when you enquire)
Flexible repayment terms from 6-12 months
No ongoing fees
No security required
Fast approvals (normally within 24-48 hours)
Re-payment options via a monthly direct debit or by credit card
Save 5% on your WorkCover Premium if you pay up-front and by a specific date (Victoria businesses only
Contact a Premium Funding expert
Our finance team are ready to assist you with premium funding.
Complete the form below or call us on 1300 242 136 or email us on email@example.com