What To Look For In An Outside “Own Your Own” Premium Finance Provider
- Experienced personnel with in-depth knowledge of premium finance, insurance, compliance and accounting issues
- Proprietary technology designed specifically for “own your own” premium financing with provider-owned code to facilitate modification and customization
- Process expertise and an in-house turnkey system that can handle everything from start-up to running day-to-day operations
- Strong information technology focus
- Flexible technology that can be adapted to your specific business needs, workflow, distribution
- Ability and systems to do business in multiple states
- Disaster recovery plan that includes a full off-premises back-up system
- Robust business-to-business and business-to-consumer capabilities
- Commitment to quality with strong internal controls supported by an SAS 70 audit (level 2)
- Chain and notification requirements
- A proven track record and strong reputation with customers and regulators
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