Insurance Premium Finance Company in Los Angeles
Premium Financial Partners Co. is an insurance premium finance company based at 5455 Wilshire Blvd in Los Angeles. We work with insurance agents and brokers, and with the businesses they insure, to finance commercial insurance premiums under a written premium finance agreement.
If you are an agent placing commercial coverage for Los Angeles-area clients, or a business owner whose agent has suggested financing a premium, this page explains what we do and how to get started.
What a premium finance company does
Commercial insurance is typically billed as one annual premium. For many businesses, especially those carrying several policies or specialty coverage, that can be a large single payment at renewal. A premium finance company pays the premium to the insurer, or to the insurer's authorized representative, on the insured's behalf. The insured then repays the premium finance company in scheduled installments under a premium finance agreement.
The agreement is a separate contract from the insurance policy. It sets out the amount financed, the down payment, the finance charge and any fees, and the payment schedule. The insured reviews all of that before signing. Financing is subject to credit and underwriting approval.
Who we work with
Insurance agents and brokers. Premium financing is typically arranged through an agent. The agent requests a quote, presents the financing option alongside the coverage proposal, and helps the client complete the agreement. Agents can sign in through our Agent Login.
Businesses insured through an agent. If your agent has recommended premium financing, we can explain how the agreement works and how payments are made. Existing customers can pay through the insured portal or the options on our How to Make a Payment page.
Commercial policies Los Angeles businesses ask about
Los Angeles has a wide mix of businesses, and their insurance needs differ. Agents commonly ask us about financing premiums for:
- Contractors and trades: general liability, workers' compensation, commercial auto, and inland marine for tools and equipment
- Trucking and delivery operations: commercial auto and trucking liability, physical damage and cargo policies
- Restaurants and hospitality: package policies, liquor liability and workers' compensation
- Property owners and managers: commercial property and umbrella policies
- Professional and service firms: professional liability and other specialty coverage
Whether a specific policy can be financed depends on the policy terms, the insurer and approval. The quickest way to find out is to have your agent send us the policy details.
How to get started
If you are an agent: send a quote request with the named insured, coverage line, insurer, policy dates and total premium. We will return a quote showing the proposed down payment and payment schedule for you to review with your client. See our page for agents and brokers for the full process.
If you are a business owner: talk to your insurance agent first. Premium financing is arranged through the agent who places your coverage, so they can request a quote for your policy and explain it next to the other ways to pay, such as paying in full or using an insurer installment plan.
Questions to ask before you finance a premium
Whichever way you pay, it helps to understand the trade-offs:
- What is the total cost of financing compared with paying in full?
- What down payment is required for this policy?
- When are payments due, and how can I pay?
- What happens if a payment is late or missed?
- How are mid-term changes, audits and cancellations handled?
The answers for your policy are in the premium finance agreement, which you receive and review before signing.
Contact us
Premium Financial Partners Co.
5455 Wilshire Blvd #1816
Los Angeles, CA 90036
(310) 220-0182
Frequently asked questions
Where is Premium Financial Partners Co. located?
Our address is 5455 Wilshire Blvd #1816, Los Angeles, CA 90036.
Can I apply for premium financing directly?
Premium financing is arranged through the insurance agent or broker who places your policy. Ask your agent to request a quote from us.
Is premium financing the same as an insurance company payment plan?
No. An installment plan is offered by the insurer. Premium financing is a separate agreement between you and a premium finance company, which pays the premium to the insurer on your behalf.
What types of policies can be financed?
We focus on commercial insurance, including general liability, workers' compensation, commercial auto, property, package and specialty policies. Each policy is reviewed individually and financing is subject to approval.
How do I make a payment on my account?
Use the insured portal or the payment options listed on our How to Make a Payment page.
Premium Financial Partners Co. is an insurance premium finance company. We are not an insurance company and do not issue, sell, or underwrite insurance or provide insurance advice. All financing is subject to credit and underwriting approval and to a premium finance agreement signed by the insured. Finance charges, fees, down payment, and payment terms are disclosed in the premium finance agreement before you sign. Your insurance policy may be cancelled for nonpayment in accordance with your premium finance agreement and applicable law. Rates, terms, and availability vary and are not guaranteed. Products may not be available in all states.