Professional Indemnity Insurance Finance

At Performance Professions 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.

We offer:

  • Highly competitive interest rates – we try our best to beat any like for like quote*
  • Flexible terms from 10 to 24 months to match your policy
  • E-sign documents to make applying fast and simple. From application to approval and receipt of monies, it can take as little as 48 hours.
  • Ability to choose your repayment date to assist your cashflow
  • Ability to have the premium paid direct to your company or direct to your insurance company/broker.
  • Retrospective funding for PII premium payments - if you pay your premium and then realise your cashflow is under pressure, you can also apply for finance after you’ve paid to spread the cost.

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.


 

Why should I finance my Professional Indemnity Insurance (PII)?

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. 

Speak to one of our expert advisors on: 01536 52 96 96 or at info@perfin.co.uk

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