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At Performance Finance we understand Professional Indemnity Insurance (PII) financing as we’ve been supporting the professions for years.
Our dedicated PII loan product enables you to spread the cost of your insurance premiums over the length of the policy. Should you not have your premium details confirmed yet, we can pre-approve you on an estimated amount so that funding is ready to be released as soon as you receive your premium letter.
If you work in the legal sector, why not fund your Practising Certificates at the same time?
Get in touch with our paper professions team now for a quote.
Paying the PII premium can be costly and your cashflow may be hit when your premium is due. Spreading the cost over the term of your policy with a finance agreement is therefore an attractive option and limits the financial impact on your business.
As PII is required for a company to practice, it’s seen as a relatively ‘safe’ type of finance to fund. This means that the market for PII finance is highly competitive and amongst the lowest-cost finance your business can obtain.
Should you be thinking of a business loan in the next year, it will usually be more cost-effective for you to take out a loan to pay your PII premiums rather than another type of finance.
Most PII brokers offer a finance option but it certainly pays to shop around and fixed rates are the lowest they have been in years.
*Unregulated loans only and subject to status.