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IPFS Works with Your Agency to Provide a Premium Finance Solution for Agents and Insureds

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As an HILB agency preferred provider, you have unlocked a higher level of service and access to enhanced pre-approved terms and benefits through IPFS Pinnacle Club.

What is IPFS One Platform?

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Premium Finance

IPFS offers premium finance to our partners and insureds. As a privately held company with a nationwide network, we're able to provide faster, customized solutions above and beyond other providers.

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Payment Solutions

With IPFS Payments Powered by AndDone, streamline operations by enabling insureds to choose the method of payment for their premiums: in-full, financed, or anytime. 

 

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Secure eSignature

Reach customers wherever they are with convenient electronic signature collection. By digitizing the submission process, you can decrease turnaround time, reduce paperwork, and eliminate the need for printing and scanning or faxing.

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Document Delivery

Shorten your sales cycle by combining document distribution, electronic signatures, and payment options into a single link for insureds. 

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Integrations

IPFS integrations work seamlessly with your agency management system to free up your time to focus on your insureds. With integrations, you can easily and efficiently condense your data entry in just a few clicks.

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Benefits for Agents

Integrations with agency management systems 
Agents obtain commissions up front

The Agency Dashboard on ipfs.com provides insured activity data
eSignature to enable paperless processing
Competitive terms tailored for your insurance provider programs
CE Classes provided at no cost
Multiple features and services with IPFS One platform
Payment solutions

Benefits for Insureds

Combined billing makes managing accounts easier
Improved cash flow
Flexibility to choose your payment plan: monthly, quarterly, or seasonal
IPFS Connect®: make payments, review policy information, check account status, and more
Quick approval process
Fixed rate and terms

Benefits of the IPFS/Hilb Group Relationship

Maryland, North Carolina, and Virginia:

Hilb Group's premium finance company, Venture Specialty Finance Co., LLC ("VPFC"), is licensed in these states. The premium finance agreement (PFA) identifies Venture Specialty Finance Co., LLC as the lender, and displays the VPFC name at the top right of the PFA. Once the PFA is accepted by IPFS, IPFS will purchase the receivable and pay VPFC purchase price income. This process is very similar to a mortgage lender purchasing a mortgage from another mortgage lender. 

 

Alabama, Connecticut, Washington DC, Michigan, New Mexico & South Carolina:

IPFS, in conjunction with Intrust Bank, N.A., (“Intrust”) offers this program to IPFS Customers that wish to provide premium finance solutions to their commercial insureds in these states. The premium finance agreement (PFA) identifies Intrust Bank, N.A. as the lender, and displays the Intrust name at the top right of the PFA.  Once the PFA is accepted by IPFS, IPFS will purchase the receivable from Intrust and in turn Intrust will pay income to Hilb.  These accounts are funded by Intrust via ACH (only). Your local IPFS office can supply you with the form required to setup the Intrust Bank Program.

 

Massachusetts, Nevada, & New York:

These states allow agents to finance their own receivables without first obtaining a premium finance license.  In MA & NV, the premium finance agreement (PFA) identifies Hilb Group as the lender and displays the Hilb Group name at the top right of the PFA. Once the PFA is accepted by IPFS, IPFS will purchase the receivable from Hilb Group and pay purchase price income to Hilb Group.  IPFS of New York, LLC will generate on the NY PFA with representations that the Agent sold and assigned the PFA to IPFS of NY.

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