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.
Payment Plan Requires:
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25% down payment of the Total Gross Premium
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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
Payment Plan Includes:
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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