Monthly

• A monthly payment plan is usually the most viable option for newer or smaller businesses. Besides the cash flow flexibility, a monthly payment can sometimes be the only affordable method for a business owner. The insurer will usually require an amount close to 15 percent for the first monthly payment and about 7 percent every month after. The drawback for a those choosing a monthly payment plan is a higher overall policy amount and potential monthly payment plan fees charged by the insurer.
  
  

Quarterly

• The quarterly option breaks the yearly payment into four payments spread out every three months. Most commercial insurers add a payment plan fee for using this option. This option provides a bit more cash flow flexibility for smaller enterprises.
  
  

Bi-annual

• Some insurers offer the option to pay your yearly premium in two lump payments. While there is generally a fee associated with this option, many commercial insurers will waive this fee to keep a lucrative commercial account.
  
  

Pay in Full

• Commercial insurers offer the option to make a yearly premium payment in one lump sum. This is generally the most economical option because there are no monthly payment plan fees attached and there are potential discounts available for paying the premium in full.