Medium Term Insurance
Medium term insurance is a more specialized insurance coverage, primarily intended for capital equipment sales. Generally, the coverage period will range from one - five years, with exceptions up to seven years for specific types of capital equipment. In most cases, these policies are written on a single buyer basis, require some form of down payment with a prearranged payment schedule and are documented with a promissory note. The majority of medium term insurance policies are structured to include a bank as a funding source. Therefore, the ability to understand the banking requirements is critical for these programs to be successful.
Our team has spent the past 15 years actively structuring, insuring, and funding medium term transactions. We would welcome an opportunity to learn more about your business and help you structure and implement a successful medium term program.
Impello Global Insurance Services, LLC