Financing your Professional Indemnity Insurance Premiums
Total premiums for Professional Indemnity Insurance for an entire firm can place cashflow under severe strain. As a specialist financier to the legal profession Key Business Finance understands this and created the Professional Indemnity Insurance Premium Payment Account (PIPS®), to enable you to spread the cost of your premium across the entire year, instead of having to pay it in one lump sum.
Benefits to your firm:
- You choose whether to repay over 6, 10 or 12 months.
- Even if you have already paid the premium from other funds, we can still refinance for you.
- A highly competitive fixed interest rate – as interest is fixed, you know the exact amount of each repayment and can budget accordingly.
- PIPS® is a separate credit arrangement and your existing credit arrangements remain unaffected and available for other purposes.
- If you need to finance other expenditure too, this can be done at the same time.
How the Professional Indemnity Insurance Premium Payment Account works
Simply let us know the amount of your Professional Indemnity Insurance Premium. We’ll provide you with a quotation. When you decide to go ahead, we will pay your chosen insurer or broker direct. If you have already paid the premium yourself, we will simply reimburse you the amount paid.
Obtain a quotation now!
To see how Key Business Finance’s Professional Indemnity Insurance Premium Payment Account can help your firm, request a quotation now by either:
For further information on the Professional Indemnity Insurance Premium Payment Account, please download our Information Sheet.