Professional indemnity insurance funding for lawyers

Spread the cost of your PII premium

Making the case for PII funding

Professional indemnity insurance is vital for the protection of your legal practice, but the annual premium can put a strain on your finances. With a PII loan from Wesleyan Bank, you can protect both your practice and your cash flow.

  • Spread the cost of your premium for up to 18 months
  • Avoid putting pressure on existing banking lines
  • Protect your cashflow and retain working capital

How it works

A professional indemnity loan helps your law firm spread the annual cost of PII into affordable monthly payments. You simply borrow the money to pay the premium, then pay it back each month. 

By spreading the cost of your insurance across the life of your policy, you can avoid a significant dent in your cash flow. And it means you can keep working capital available to grow your business, without relying on overdrafts or other more expensive credit lines. 

PII loans are usually unsecured, meaning you can often borrow the money without having to offer up any assets as collateral. It’s just a simple, efficient way to free up your firm’s finances.

Why Wesleyan Bank?

Wesleyan Bank has been providing flexible finance solutions to legal firms for many years, acting as both a lender and a broker. But that’s not the only thing that sets us apart. We’re also the only strategic partner that provides finance to The Law Society of England and Wales' members.

Rest assured we have the experience and knowledge to support your law firm. Not just on PII, but on things like practising certificates funding and tax funding too.

Important information

Wesleyan Bank acts as both a broker and a lender. Where we act as a Broker, loans are provided by a single lender. In these cases, we receive a commission payment calculated as a percentage of the overall loan value from the lender. This commission payment does not impact the final amount that you pay for borrowing.

Written quotations are available on request from Wesleyan Bank Ltd. Credit facilities are subject to status and only available to UK residents over the age of 18. Wesleyan Bank Ltd reserves the right to decline any application.

Depending on the circumstances and where required by law, loans will be regulated by the Financial Conduct Authority and the Consumer Credit Act.

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. The Law Society is an introducer appointed representative of Wesleyan Bank Limited.