Close More Business
When a client wants the policy but has difficulty with the upfront cost, financing may help remove the final obstacle to binding coverage.
Insurance Broker Partners
Help your clients get their commercial insurance policies in place.
A large insurance premium can become a major obstacle when it is time for your client to bind or renew coverage. CIDPF helps solve the down payment problem.
Help Clients Say “Yes”
Give your clients another option when the down payment becomes the obstacle.
You worked hard to find the right coverage, negotiate the premium, and get your client ready to bind. Then comes the down payment.
For businesses with large commercial insurance premiums, the amount required upfront can be substantial. Even a financially healthy company may prefer to preserve available cash for payroll, fuel, inventory, equipment, marketing, or other operating expenses.
CIDPF gives insurance brokers another solution to offer. Instead of allowing the insurance down payment to become the reason a client delays, reduces, or walks away from coverage, direct them to CIDPF's Apply Now page.
Why Partner With CIDPF
A financing resource that can strengthen your brokerage relationship.
Improve Client Retention
Provide an additional solution instead of telling a client their only option is to produce a large amount of cash.
Protect Your Book
Keep the conversation focused on obtaining the right coverage rather than shopping only for the lowest upfront payment.
Differentiate Your Brokerage
Commercial clients remember brokers who help solve problems. Add another resource to your toolbox.
Simple Referral Process
You do not submit client information or manage a financing file. Your client applies directly with CIDPF.
Referral Partner Credit
Enrolled Referral Partners may receive a referral fee for qualifying funded clients, subject to the CIDPF Referral Partner Program Terms.
How It Works
The broker refers. The client applies. CIDPF handles the financing process.
Identify
Your client has a commercial insurance policy requiring a significant upfront payment.
Share
Send your unique CIDPF referral link or give the client your RP code.
Apply
The client uses the CIDPF Apply Now page. You do not email us client information or documents.
Track
Your RP code is attached to the application so CIDPF can credit qualifying funded referrals.
When To Introduce CIDPF
Useful when the upfront insurance cost creates a cash-flow decision.
- Large commercial insurance premium
- Significant cash required upfront
- Client wants to preserve working capital
- Client is considering reducing coverage
- Seasonal or temporary cash-flow constraints
- Cash is needed for business operations
- Traditional premium finance does not solve the full down payment
- Coverage renewal creates a cash-flow pinch
High-Premium Industries
Especially useful where insurance is a major operating expense.
Trucking & Transportation
Fleet and transportation businesses with substantial commercial insurance obligations.
Freight & Logistics
Businesses balancing coverage requirements with fuel, payroll and operating cash.
Construction & Contracting
Contractors who need required coverage in place to keep projects moving.
Manufacturing
Operating companies balancing insurance with labor, production and inventory.
Staffing
Labor-intensive businesses managing payroll cycles and commercial coverage.
Other Commercial Industries
Commercial and business-purpose uses only. No consumer or personal-purpose financing.
Another Financing Tool
Traditional premium finance isn't always enough.
Traditional premium financing can be an excellent tool, but it doesn't always eliminate the substantial cash requirement due at closing. CIDPF can provide another potential source of capital for the upfront portion of a commercial insurance expense.
“I want the policy. I just don't want to put that much cash down right now.”
Become a CIDPF Referral Partner
Quick signup. Simple referrals.
Enrollment takes about a minute. Agree to the Referral Partner Program Terms and receive your unique CIDPF referral code and personal Apply Now link. Your clients always apply directly with CIDPF.
Unique RP Code
Personal Apply Now Link
Client Applies Directly
Funded Referral Tracking