We work with individuals, partners, and businesses that have net income of $250K or more and who typically are in a high-risk environment. A high-risk environment in 2024 can mean having identifiable risks associated with their line of work or even having a social media account for brand and reputation exposure.

Absolutely! Many advisors and prospects are curious to see how our tailored solutions would fit in their financial risk management strategy. Please click here to receive your proposal. In most cases, you will receive a proposal within 48 hours of submitting the application. We will work with you (and the rest of your financial team) to customize the proposal to meet your risk management needs. Furthermore, you will have access to every partner that is involved in the transaction to ensure all of your questions, comments, and concerns are promptly addressed.

Clients have 30 days from the time the insurance policy is bound. Their documents will be null, and void and the clients will receive a refund.

Throughout the entire process, your insurance agent or broker acts as an intermediary, facilitating communication between you, the premium finance company and Nova Risk Transfer.

If after a minimum period of three years, this coverage provides for a contractual return of a portion of the premium paid by the Insured. The amount is calculated from the start date of the insurance coverage using an experience-based formula. Insurance benefits provided through the Carrier are subject to the loss experience of the total pool of insureds under the Policy. Generally, the Return of Premium policy term includes premiums paid, plus assessments paid, less claims made by the Certificate Holder, less allocated claims. This formula is discussed more fully in the application materials and Policy.

Coverage is provided on a 365-day term that may be renewed.

Traditional retail insurers offer what it called “contracts of adherence” i.e., a take it or leave it set of policy terms. You pay premiums that go towards paying for losses covered by your policy’s terms enforced. The rates in the retail market are meant to cover not only your losses, but also the losses of the insurance company clients. This means that if you don’t claim losses, your premium pays for you competitors’ losses and for the profit margin of the insurer.

With self-insurance, you set funds aside to pay for potential losses, under a tailored set on policy terms specifically made for you. At the end of the policy term, if you have not claimed losses, you retain your premium in the form of cash.

When properly structured, self-insurance can lead to a significant reduction in the overall cost of managing risk for a business and an immediate boost in cashflow benefits.

We have created Nova’s ART Program to make it easy. Our Nova’s ART Program is the perfect step in, with no joining costs, offers over 30 risks that are unavailable in the traditional retail insurance market, and provides cashflow benefits from day one.

Policyholders can take advantage of single or multi-year loans with fixed rates, depending on the policy terms. With financing, policyholders can effectively manage their cash-flow over the course of the year.

Einstein generally requires two years worth of the applicant’s operating entities tax returns (1120 or equivalent) or current CPA reviewed financial statements.

Einstein offers a prepayment option as well as an annual ACH payment plan to best match the needs of our borrowers. Financing for prepaid starts at 3.50%, while the annual ACH option starts at 4.75%.

Einstein’s minimum loan principal offered is $250,000. Generally, they underwrite up to $25,000,000. Einstein also can handle larger premium amounts on a case-by-case basis.

Einstein offers multiple convenient ways to remit interest payments. These include ACH bank withdrawals, wire transfers and checks.

Typically, Einstein loans offer the ability to repay any outstanding amount without fees or penalties.

Applications can be submitted online. You can visit Einsteinfs.com/credit-application to apply.

Einstein offers a number of loan solutions and can customize loan programs to fit both borrower and carrier needs. Consequently, Einstein offers both interest only loans, with principal due at term expiration, as well as periodically amortized loans.

Other than the interest charged on the loan, there are generally no additional fees. In some instances, a loan-origination fee may apply.

Einstein loans are approved primarily on an income basis. While Einstein tries to work with all businesses, some restrictions may apply.