The following payment options are available to all clients: • Premium funding • BPAY • Remittance advice • Over the phone

—

Payment Options

The following payment options are available to all clients:

Premium funding

Lockton offers specialised and tailored premium funding options to clients through our in-house funding experts. Our in-house premium funding experts are committed to the highest standards of excellence, and have years of experience managing tailored solutions to individual needs.

The benefits of premium funding include:

  • Conserve cash flow

  • Interest cost is usually tax deductible

  • Working capital can be utilised to generate additional income that may offset part of the funding cost

  • Provides an alternative source of capital rather than the traditional facilities such as bank overdrafts, which are usually secured by business or personal assets

  • Premium funding may be considered as an “off balance sheet” loan

  • Premium funding loans are generally not secured by business assets, such as a charge over the company or directors’ guarantees but rely on the unused portion of the insurance premium as security in the event of default

  • As cash flow is improved by premium funding, the client can more easily afford a complete insurance and risk management program which may avoid under-insuring and therefore help to protect the business

Contact your broker to arrange a premium funding quotation.  

BPAY

You can pay your premiums via BPAY through your bank’s website using the biller code and customer reference number provided on your invoice or statement.  

Remittance advice

You can return your remittance advice to our office including your credit card details, a money order, or cheque for payment.

Please note there is a credit card fee of 1.04% for Visa and MasterCard. We do not accept American Express.  

Over the phone

We accept credit card payments over the phone, you just need to provide your card number, expiration date, and CCV code as well as your invoice number for payment.

Please note there is a credit card fee of 1.04% for Visa and MasterCard. We do not accept American Express.

Latest news and insights

Bad absence management leads to employee burnout and can generate significant costs for an organisation, which could otherwise be mitigated through an effective employee health and wellbeing program. Whilst it might seem difficult to prove that an employee is experiencing burnout, at the end of the day it’s an employers’ duty of care to not only recognise the symptoms but to take action to prevent and manage burnout.Why CFOs need to play a role in employee health and wellbeing

Why CFOs need to play a role in employee health and wellbeing

article
As published in CFO Magazine Australia. Bad absence management leads to employee burnout and can also generate significant costs for an organisation both of which could otherwise be mitigated through an effective employee health and wellbeing program. Whilst ...
Read moreWhy CFOs need to play a role in employee health and wellbeing

Why absence management should be top of mind for HR professionals | HR Leader podcast

In a podcast interview with HR Leader, Emma Musgrave spoke to Morag Fitzsimons, National Manager of Employee Care at Lockton on the benefits of putting absence management front and centre – and the risks that come with not having effective measures that speak to this. Here’s a few takeaways from the podcast interview which is available in full here. In a podcast interview with HR Leader, Emma Musgrave spoke to Morag Fitzsimons, National Manager of Employee Care at Lockton on the benefits of putting absence management front and centre – and the risks that come with not having effective measures that speak to this. Here’s a few takeaways from the podcast interview which is available in full here.

Lockton and CreditorWatch construction industry forum: key takeaways

Lockton recently partnered with CreditorWatch, an Australian credit reporting agency, hosting an industry construction forum on the key challenges facing the industry and how businesses can properly manage risk. From cost escalations to labour shortages, project delays to sustainability, the industry is doing it tough and these challenges are becoming more significant and complicated to manage. Lockton recently partnered with CreditorWatch, an Australian credit reporting agency, hosting an industry construction forum on the key challenges facing the industry and how businesses can properly manage risk. From cost escalations to labour shortages, project delays to sustainability, the industry is doing it tough and these challenges are becoming more significant and complicated to manage.

Managing battery energy storage systems in renewable energy projects

Battery Energy Storage Systems (BESS) are a key technology assisting the integration of renewable energy into the broader grid, smoothing out the variability of wind and solar energy, as well as alleviating peak demand periods with stored energy. Battery Energy Storage Systems (BESS) are a key technology assisting the integration of renewable energy into the broader grid, smoothing out the variability of wind and solar energy, as well as alleviating peak demand periods with stored energy.
See all news and insights