Against the backdrop of the current COVID-19 pandemic, Prime Rate Premium Finance and our sister company AFCO want to ensure our clients we are prepared, ready and have adjusted our approach to best service your needs. We have implemented an operational resilience plan designed to ensure business continuity in this difficult time. We understand and acknowledge that many of your insureds have seen a substantial shift in priorities, while we also recognize that you have, as well.
Businesses are already significantly impacted by the COVID-19 crisis, and Prime Rate is doing everything possible to assist and react to this rapidly changing environment. We are proactively monitoring and responding to new statutes and regulations specific to the outbreak. Many of our efforts involve regional considerations while applying a multi-tiered approach to accommodate your needs and those of your insureds.
- We are all in this together. We understand and acknowledge the many challenges currently facing clients such as yourself and your own customers. We are here to help.
- We have the resources and people in place to support your concerns.
- At this time, possibly more than ever, premium finance continues to afford a strong value proposition for agents and commercial insureds. Premium finance not only provides much needed cash-flow relief to insureds but also, via the down payment, provides direct access for your agency to procure commissions.
Together, we share the impact of this moment. In order to respond effectively to the current challenges, we must see clearly through eyes of wisdom, not fear. Please contact your AFCO-Prime Rate sales representative to learn more about how we can help your agency and client's premium finance needs. My very best wishes to you and your family, as we traverse the path forward.
President & CEO
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