INSURANCE PREMIUM FINANCE

A premium finance partner
built around your agency.

HIG Premium Finance provides commercial insurance premium financing to retail agencies and brokers — competitive terms, responsive underwriting, and a dedicated account manager who actually knows your agency.

Appointments available to licensed retail agencies and brokers.
Available in all 50 states
Powered by industry-leading premium finance technology
New York, NY
HIG

What HIG provides

  • ✓ Flexible rates and down payment options, tailored to each agency
  • ✓ Fast quoting — a one-page Quick Quote path for simple accounts
  • ✓ Configured to your agency's rates and workflow from day one
  • ✓ Responsive underwriting and quoting turnaround
  • ✓ Full-service billing and collections, handled end to end
  • ✓ No cost to appointed agencies
CAPABILITIES

A disciplined premium finance platform

We give agencies a dependable financing option for their commercial accounts, backed by competitive terms and consistent, hands-on service.

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Flexible rates & down payments

Rates and down payment structures tailored to each agency and its volume — never one-size-fits-all.

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Fast, responsive underwriting

Quotes and funding decisions returned promptly, so accounts bind without unnecessary delay.

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Dedicated account management

A consistent point of contact who understands your agency and the accounts you place.

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Full-service billing

Invoicing, installment collection, and account servicing administered end to end on your behalf.

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Compliance & diligence

Finance agreements administered with the regulatory discipline the industry requires.

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Agency support

Onboarding, quoting, and documentation handled so your team stays focused on placing business.

HOW IT WORKS

The financing process, end to end

01

Submit the account

Your agency submits policy and premium details, and HIG returns finance terms for the account.

02

Execute the agreement

The insured reviews and signs a premium finance agreement with a defined down payment and installment schedule.

03

HIG funds the carrier

On receipt of the down payment, HIG remits the financed premium so coverage binds without delay.

04

Servicing & installments

HIG administers billing and collects installments over the term, with online account access for the insured.

HOW FINANCING WORKS

Premium financing, in plain terms

Rather than paying an entire commercial premium up front, the insured makes a down payment and pays the balance in equal monthly installments. Here's how a financed account is structured.

1

A modest down payment

The insured pays a portion of the premium up front — typically around 20% — and coverage binds right away.

2

HIG finances the balance

HIG advances the remaining premium to the carrier, so the policy is paid in full from day one.

3

Level monthly installments

The insured repays HIG in equal monthly payments over the term — usually ten — with online account access and ACH autopay.

PROGRAM TERMS

Competitive, tiered pricing

Starting rate ranges by amount financed. Larger accounts qualify for meaningfully lower rates. Every agency's actual rate is set individually — request a full rate sheet for your program.

Amount FinancedRate Range (Starting From)
$5,000 – $25,000Standard tier
$25,000 – $100,000Competitive tier
$100,000 – $500,000Preferred tier
$500,000+Best available

Specific rates are shared on a per-agency rate sheet rather than published. Actual rate, down payment, and installment terms are set per agency agreement and subject to underwriting.

What this looks like in practice

A $50,000 commercial premium, financed with a 20% down payment ($10,000) over 10 monthly installments at an illustrative 9.5% annual rate, works out to about $4,180/month — with a total finance charge of roughly $1,760.

Illustrative only — not a quote. Actual rate, down payment, and terms are set per agency agreement and subject to underwriting.

Standard program structure

20%
Standard down payment
10
Monthly installments
25%
Maximum minimum-earned premium
12
Equal-installment option on request
WHY HIG

Built to be the easy choice

Every part of the program is designed around one goal: make it easier for your producers to bind business and easier for your insureds to pay for it.

1

Speed

Fast, responsive underwriting and a Quick Quote path for simple accounts.

2

Service

A dedicated account manager who knows your agency — not a call center queue.

3

Stability

Backed by industry-leading premium finance infrastructure and underwriting discipline.

4

Transparency

Clear terms, clear documentation, and no surprises — you always know how an account is structured.

TECHNOLOGY

A quoting experience built for speed

Agencies quote and bind through PBS, a widely used, highly regarded premium finance and billing platform — configured specifically to your agency's rates, down payment structure, and workflow.

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Quick Quote, when speed matters

A single-page quoting path for straightforward accounts — no multi-step forms when you don't need them.

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Configured to your agency

Your rates, down payment terms, and workflow are set to match your program from the first login.

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Online account access

Your insureds can view balances and payment history without a call to your office.

🔒 APPOINTED AGENTS
AGENT RESOURCES

Agent tools & your quoting guide

Appointed agents get a live payment estimator and a start-to-finish PBS quoting guide. Sign in to open your agent tools.

FAQ

Questions agencies ask us

No. Appointment and onboarding carry no cost to your agency. You quote, we handle billing, collections, and servicing on the financed accounts.

HIG focuses on commercial insurance premium finance — general liability, property, and related commercial lines placed by retail agencies and brokers. Reach out about a specific account if you're unsure whether it's a fit.

Onboarding is straightforward. Once your agency is appointed and configured in PBS with your rates and down payment structure, your producers can begin quoting through the standard flow or the one-page Quick Quote for simple accounts.

After a down payment, the insured pays HIG in monthly installments over the financed term. Insureds get an online account to view balances and payment history, and ACH autopay is available.

HIG does — end to end. Invoicing, installment collection, and account servicing are administered on your behalf so your team stays focused on placing business.

Yes — HIG offers commercial insurance premium finance in all 50 states. Specific terms vary by state and are subject to underwriting.

Appoint your agency with HIG

Onboarding is straightforward and carries no cost. Our team supports your producers through quoting and documentation from day one.