Special Section sponsored by TMPAA

Premium Financing Specialists

Specializing in premium solutions for agents, brokers, MGAs and insurance companies

When program professionals and carrier members of the Target Markets Program Administrators Association (TMPAA) and other insurance industry professionals seek the services of premium finance experts, chances are the name Premium Financing Specialists (PFS), headquartered in Kansas City, Missouri, is their vendor of choice. In short, PFS offers a solid financing avenue for insurance professionals looking for a company with a strong commitment to personalized attention and state-of-the-art solutions.

Recently, President Mike Gallagher proudly announced that with more than 20 convenient full-service locations across the country, you can always expect immediate, customized solutions. “We long ago developed the branch office concept,” said Gallagher, “because we recognize that the insurance industry is regional by nature. Our regional offices have a unique ability to recognize and understand the individual needs of each agent and broker with whom they do business. We go out of our way so they don’t have to.”

Five years after Premium Financing Specialists’ 1977 founding, Gallagher opened its first regional office, in Tulsa, Oklahoma. In 1998, Gallagher relocated to the Kansas City home office and is currently the company’s president and chief operating officer. He is a member of the National Premium Finance Association, the American Association of Managing General Agents, and the National Association of Professional Surplus Lines Offices. Gallagher was named PFS president in 2004 and continues to reinforce and believe in the company’s founding principle: people do business with people.

From prominent national brokerage firms and leading insurance companies, to relatively moderate storefront agencies in small American communities, PFS has established a highly regarded reputation for a variety of product offerings. Heading the list is traditional premium financing that features quoting, online producer and insured access to client account data, various payment options that include credit card payments, and, where allowed by law, e-signatures. Another company feature, “The PFS Advantage,” offers clients online quoting, account management, and documentation preparation at www.premiumfinance.com for fast, customized financing solutions to enhance regional business decision-making. Attractive rates and terms are available, and flexible payment options with no prepayment penalties are offered.

For its clients who express a desire to enter the field of premium finance, Premium Financing Specialists has developed a broad range of revenue sharing programs (in approved jurisdictions) to maximize returns. It works this way: clients and PFS form a joint venture by sharing revenue through a profit-and-loss statement equation. This unique program is open to those PFS clients who commit to an exclusive partnership.

An active member of the Target Markets Program Administrators Association’s vendor member classification, PFS employs regional experts who are equipped to tailor programs effectively and efficiently, meeting TMPAA carriers’ and agencies’ needs.

“Local decision making guarantees that our clients receive our personal, thoughtful, professional attention,” emphasizes Mike Gallagher, “along with immediate, customized solutions to meet the needs of any and all association members. To achieve that goal, we have customized, state-of-the-art industry technology that’s geared to exceed our clients’ expectations. We are focused and attentive—wherever and whenever you need us.

“Whether we receive business from a large national insurance organization or from a small rural brokerage, PFS makes the complex easy and accurate for them. Our advanced technology is designed to deliver unique solutions for today’s challenging marketplace, and our customized program plans give clients financial flexibility, improved cash flow, and increased profits.” The bottom line, according to Gallagher, “Premium people, premium attention, premium solutions. Isn’t it time you discovered the difference ‘premium’ makes?” *