Let us help you structure your finances for 2021…
Posted on 8th September 2020 at 11:20
As we are approaching October, it is time to think about your Professional Indemnity Insurance.
You might have already received your renewal quote and be thinking to yourself… What is the best method to pay for this? With so many funding options available right now, it can be very daunting and confusing to understand the pros and cons of what is available to you… we can help!
Why should i finance my PII?... in 2020
PII can present as one of the single largest expenses that a law firm can face annually so it is important to choose the right option to suit your business needs and preserving your cash flow.
With those premiums coming around every year, it is vital to act now to avoid any double liabilities for 2021.
By spreading the cost of your premium over time, you can avoid significant troughs in your cash flow and ensure working capital for other important areas of your business.
Here at Performance Finance, we have some great tools that make the process of funding your PI Insurance that much easier:
Highly competitive interest rates – We endeavour to beat any like for like quote*
Flexible terms from 6 to 24 months – to match the length of your policy.
E-sign documents - This makes applying fast and simple, from application to approval and receipt of monies, it can take as little as 24 hours. This method also offers a convenient method for those clients working from home and being paperless is of course, environmentally friendly.
Ability to choose your repayment date – Allowing maximum flexibility which in turn will support client requirements and help you to look after that all important cashflow.
Ability to have the premium paid direct – Direct payment options help to streamline the process even more! We can simply pay the insurance company on your behalf and save you that added task.
Post PII premium payment loans / Retrospective finance - If you pay your premium and then realise your cashflow is under pressure, you can also apply for finance after you have paid to spread the cost, should you decide that this is best for you.
Range of lending options - Extensive panel of lenders as well direct lending options available.
Deciding the right path for your business and its finance is tough, that is why we are here to assist in guiding you towards the right decision for you.
For this reason, our friendly team of experts are always here to answer your questions.
Get in touch
Performance Professions:
Tel: 01536 529 668 | Email: professions@perfin.co.uk
Tagged as: Finance for PII, Finance for Professions, Finance for Solicitors, Legal Funding, Legal PI Insurance, PI Insurance, PII Funding
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