Premium financing is the business of providing short-term loans to borrowers to fund insurance policies.  These loans are secured through a combination of a down payment made by the insured at the time of inception, as well as the unearned insurance premium.

The process is simple – the Agent/Broker generates a premium finance agreement using our online platform.  The Agent/Broker then collects the signed agreement along with the required down payment.  The Agent/Broker then submits the premium finance agreement to EPIC and submits the down payment to the Carrier/General Agent or Wholesaler.  EPIC then funds the remainder of the amount financed to the Carrier/General Agent or Wholesaler and then bills the monthly installments to the Insured/Borrower.

EPIC Premium Finance provides premium financing for various commercial lines of business, including P&C, General Liability, Commercial Auto, Trucking, Property, Professional Liability, Cyber Liability, E&O, D&O, and more.

Where allowed by state law, EPIC’s Agenct Commission Program generates revenue for your agency for each contract you submit.  Call 630-427-4662 to find out more.

Currently, EPIC finances premiums in Illinois, Indiana, Iowa, Arkansas, and Oklahoma with more states coming.

You can start financing with EPIC by filling out our agent signup form.  Once we receive this, we need proof of your agency’s E&O coverage and a current W-9 Form.