COVID-19: Information for our clients

PREMIUM PAYMENT OPTIONS

Three Easy Steps to Pay Your Premium

Learn MoreStaebler Offers Commercial Premium Financing »

COVID-19 Information

Many insurance companies continue to support clients with financial relief programs through the pandemic. These include flexible payment options, premium rebates, rate reductions, and more. Since every insurer and every policy is different, it is recommended you contact your broker to discuss which options are available to you.

Step 1: Choose Your Payment Frequency

Pay in Full

The easiest choice with no processing fees. This one-time payment is due on the effective date of your policy and ensures you are covered stress-free for the entire year.

Three Payments

You have the option of spreading out your payment over three installments. The first is due on the policy's inception date, while the next two are due at the 30 day and 60 day marks. 

Monthly Payments

An easy payment plan, pay your premiums monthly right from your bank account. This option is subject to a small finance charge. Talk to your broker about the best option for you. 

Step 2: Choose your Payment Method

Mail

Make your cheques payable to H.L. Staebler Company Ltd.

In Office

Please note our office is currently closed to the public due to COVID-19. Contact your broker to make alternate arrangements.

Online Banking

Setup H.L. Staebler Company as a new payee and use your account number

Pre-authorized

Provide us with a void cheque and signed authorization form (Finance charges may apply)

Credit Card

Simply visit Staebler.com/CC and follow the instructions (A service charge of 2.5% applies)

Step 3: Agency Bill or Direct Bill

Agency Billing

An agency bill policy will come from the broker (i.e Staebler) and it will have the broker’s invoice or payment schedule attached to it. Payment is provided to the broker and credits are refunded by the broker. The broker controls the payment process and has the authority to make payment exceptions, changes, etc.

Direct Billing

A direct bill policy will come directly from the insurance company and it will have the insurance company’s invoice or payment schedule attached to it. Payment is provided directly to the insurance company and credits are refunded by the insurance company. The insurance company controls the payment process and only they have the authority to make payment exceptions, changes, etc.

What's better for me?

Your choices above will determine which option is best for you. In some cases (eg. credit card payment) there will be only one option – while some choices come with a service fee. Your broker can make a recommendation for the most economical solution for you.

STAEBLER OFFERS PREMIUM FINANCING

Commercial insurance premiums can represent a large expense for a business. That's why we're partnered with Stable Premium Financing and First Insurance to offer a service that provides a simple and convenient way to pay your premium. Visit Premium Financing to learn about the benefits to help your business.