Sovereign will work with you to tailor a payment plan that works for your company. Financing options depend upon which insurance company you are placed with, but we can always arrange payment plans with as little as 15% down and 9 equal installments. Other payment plans include – depending on the carrier – 12 equal installments with zero-interest, or 20% down and 9 equal installments, or zero down with 20-equal payments directly debited from your broker paycheck (limited availability).
On 18 month policies, we have arranged 10% down and 14 equal installments or 30-equal payments directly debited from your broker paycheck (limited availability).
Also, it’s important to note that our financing plans all allow for the pro-rata distribution of vehicle additions’ additional premiums. Most companies require a 50% down payment or payment in full, which can significantly interrupt your cash flow.