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in Agency Management, Education, Markets

Cost Financial Group is a Turnkey Operation

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Cost Financial Group, an exhibitor at the 5th Annual Program Summit, is a turnkey operation that manages and operates insurance premium finance compancies. The companies that Cost manages are owned by insurance agencies, general agencies, wholesalers, insurance compancies, and groups of agencies across the country. Currently Cost Financial Group manages over 170 premium finace companies.

"If an agency is currently financing somewhere in the area of $500,000 or more in annual premium," Gebhardt says, "it makes sense to at least explore starting their own premium finance company." Cost clients generate $30-40,000 dollars annually for every million dollars that they finance.

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