Professional indemnity insurance (PII) is a mandatory business insurance for firms that give advice or provide a professional service to clients.
Shire Professional Funding offers a dedicated PII Finance solution that enables you to spread the cost of your cover, excess layer, insurance premium tax and any broker fees over the term of your policy.
Features & Benefits:
- Funding available from £1,000 into the millions
- Terms available from 10, 12, 18 and 24 months
- Highly competitive interest, typically more attractive than the insurers offering
- Funding made available typically within 48 hours and payable directly to you or the insurer or broker on your behalf
- External to banking lines, leaving your capital or overdraft headroom free for growth and unforeseen opportunities or events
- Fixed rate and repayments providing clarity on a monthly basis to ease budgeting
- In many cases facilities can be settled at any time with little or no penalties, providing control over your lending
- Retrospective funding available to reimburse payments made from cash-flow
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Total amount financed to professional practices in 2023
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- Some of the lowest rates on the market
- Dedicated account manager
- Quick turnaround, typically 24-48 hours
- Focus on enabling excellence in the legal profession and building lasting relationships
- Working collaboratively with the Law Society and its members to help them innovate and thrive through change.
Shire Professional Funding acts as a broker and a lender.
Depending on circumstances and where required by law, loans will be regulated by the Financial Conduct Authority and the Consumer Credit Act.
The Law Society is an introducer appointed representative of Shire Professional Funding Limited. The Law Society is a professional body whose registered office is situated at 113 Chancery Lane, London, England WC2A 1PL. Telephone: 020 7242 1222, www.lawsociety.org.uk.
Shire Professional Funding Limited is Authorised and Regulated by the Financial Conduct Authority for certain types of consumer credit lending and credit related activities that are regulated under the Consumer Credit Act 1974 and by the Financial Services and Markets Act 2000. Registered in England and Wales No. 07121815. Registered Office: 1 Calico Business Park, Sandy Way, Tamworth, B77 4BF