PAYMENT PLANS

Payment Plans designed to save you money.

For accounts with $5,000 or more in Gross Premium CIBA gives you the option to direct-bill payment invoices to the insured with payments to be remitted directly to CIBA Insurance Services.

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Payment Plan Requires:

• 25% down payment of the Total Gross Premium

• A one-time set up fee

All Loss Control Fees, Program Fees, and all Taxes and State Fees are included in the initial down payment

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Payment Plan Includes:

• Three (3) monthly installment beginning 30 days following the coverage inception date

Additional terms may be available. Please inquire through the CIBA Broker Portal or by contacting Tracey Jackson at tjackson@cibaservices.com

Example: Our Payment Plan comparison to Standard Finance Agreement

CIBA Payment Plan

Premium: $135,522

       25% Premium          |  + Service Charge  |  = Total Down Payment

              $33,880            |              $250           |               $34,130

Installments

Amount of Monthly Payment   |   Number of Payments

Due at 30 Days   |   Due at 60 Days   |   Due at 90 Days

Standard Premium Financing Agreement

Premium: $135,522

Finance Charge  |  + Downpayment  |  Annual % Rate 

 $4,629            |             $44,722      |           9.28

Amount of Monthly Payment   |   Number of Payments

$7,952                 |                   10

$33,880     |             $33,880     |           $33,880

Total Amount Pail: $135,772

Total Amount Pail: $140,151

Total Savings by Choosing the CIBA Payment Plan:  $4,379.00