Professional indemnity insurance is a mandatory business insurance requirement for businesses that give advice or provide a professional service to clients. Our dedicated Professional Indemnity Insurance loan product enables you to spread the cost of your premiums, excess layer, insurance premium tax and any broker fees over the term of your policy.
Features & Benefits:
- Funding available up to to circa £5M
- Terms available from 10, 12, 18 and 24 months
- Highly competitive interest, typically more attractive than the insurers offering
- All insurance costs, excess layers, broker fees and insurance tax can be covered
- 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