Professional Indemnity
Insurance Finance

Why Professional Indemnity
Insurance Finance?

Professional Indemnity insurance funding explained

Professional insurance, often referred to as PI Cover, is a must have insurance policy for those UK companies who offer advice or a service to clients. However, depending on what type of business you are, the yearly insurance premium can be one of the largest costs outside of payroll and office rent.

As opposed to paying the premium in one lump sum up front, we can finance this for you and break down the yearly cost to a monthly premium. Therefore in effect, you are paying and budgeting for PI cover over the term of the policy.

Can you finance professional
indemnity insurance?

Yes, subject to credit, we can fund your PI cover over a one-year period.

Of course!

How does it work?

Professional Indemnity Insurance

PII Finance Calculator

From £10,000.00

£

Select Repayment Terms in Months

As with all financial agreements, this quotation is subject to approval based upon the credit status of the company applying.

What are the costs involved?

As the loan is over a short period of time, the actual amount of interest you pay is relatively small. Our quote will clearly outline what these costs are. However, our fees are included in the monthly premium, we do not charge you separately.

Can you pay off the premium early?

Yes, at any time you can settle off the outstanding monthly repayments, there is no early settlement charge.

How are the monthly
premiums collected?

All monthly repayments are collected via direct debit.

What is the average
premium financed?

Our average premium is

£97,000

However, the lowest PI premium we will do is £5,000

What are the benefits to funding a professional indemnity insurance policy?

The key benefit is you can keep the money in your business for other purposes and then accurately budget on a monthly basis. In effect, you are therefore paying for the service as you use it.

Cash Flow

Keep funds in your business to be used elsewhere. Take control of your finances and free up valuable cash for other purposes.

Alternative Funding Lines

No need to use up an existing bank facility. This gives you alternate options to use in order to finance your loans.

Fast Payment

Payment is normally made to HMRC within 24 hours after receipt of signed documentation.

Quick and Simple to Arrange

Simple use of our free to use calculator can give you a quote in a matter of seconds. Alternatively, you can give us a call on 01494 956 871.

Fixed Monthly Payments

Easy fixed repayment schedule with industry leading rates.

Approval within 24 hours

VAT Loans prides itself on fast and quality customer service, which is why we will have a decision to you in the first 24 hours.