Insurors Bank of Tennessee Surpasses 100 Premium Finance Agencies

The Insurors Bank premium finance program (IBOT Finance) recently surpassed 100 agencies using its premium finance services. This premium finance program allows agencies to assist their insured in managing cash flow, allowing them to spread the payment over several installments. Over 100 agencies are now taking advantage of this user-friendly, web based program and are overjoyed with the program and its ease.

"...We have used the bank’s premium finance product, IBOT Finance, since 2001. It has been a great resource for us," David Fleming, Principal of The Fleming Agency in Nashville, said. "It is easy to use; clearly and quickly leading you step by step through the online quoting process. IBOT Finance even allows us to add in an agency fee, and with their efficient automated funding process, our premiums are funded within 2 to 3 days. While the agency fee might only be a few hundred dollars here and there, it adds up quickly…ultimately enhancing our agency’s profitability. I would recommend this product to any independent insurance agent."

To find out more about this product and other agency related products, contact Insurors Bank of Tennessee at 866-866-IBOT (4268) or visit our website at www.insurorsbank.com.