The growing use of credit to buy insurance


A study by Premium Credit has found that among SMEs 42% plan to borrow more this year to fund their insurance while just 4% intend to use less.

Nearly half (47%) of SMEs stated that they are using increased amounts of credit to buy insurance due to rising premiums.

According to the report 50% of the SMEs involved plan to borrow £4,000 or more to fund their cover(s) this year.

The survey suggests that up to 18,000 SME owners who used credit in 2018 to fund insurance are still paying off the

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: