2 min read
Why a lump premium hurts
Insurance you can't do without often arrives as one large annual payment. Paying it in a single hit can knock a hole in cash flow that has nothing to do with how the business is trading.
Spread the cost
A short working-capital facility turns the lump into instalments that match your cash rhythm, so an essential cost doesn't create an unnecessary squeeze.
Plan the annual peaks
Map recurring annual costs — insurance, software, memberships — on your cash-flow forecast so none of them ambush you. Known peaks are easy to fund calmly.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online when the numbers work.
Frequently asked questions
Can I spread the cost of a business insurance premium?
Yes. A short working-capital facility turns a large annual premium into manageable instalments, so an essential cost doesn't dent your cash flow in one hit.
Should I finance recurring annual costs?
Where a large annual payment would strain cash unnecessarily, spreading it makes sense. Plan these known peaks on a cash-flow forecast so you can fund them calmly rather than scrambling.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.