What is the Business Cover Plus program rate for premium funding?
Members of NSW Business Chamber enjoy a preferential program rate of interest for premium funding of only 4.5%. This is a competitive market rate and is fully tax deductible. For smaller businesses this program funding rate compares very favourably with, say, business account overdraft rates. For larger businesses the small funding cost is more than offset by the available tax deduction plus the interest earnings or time value of the money which you would have otherwise expended on premium (but which is now available to your business). Clearly, premium funding makes real sense to most businesses.
