Professional Indemnity Insurance for Lawyers: Exclusive Funding Offer - 1% APR Representative

We're here to find you the right level of PII cover, at a competitive price

Key Benefits of getting your Professional Indemnity Insurance from Wesleyan

• Wide access to insurers - we're not tied to one insurer
• Policy cover - 12 or 18 months
• Claims support - we will work alongside insurers on your behalf to give you a voice in negotiations
• Top up or excess layer - we can help find the best solutions to top up your limit of indemnity
• Staff benefits - we can offer personal insurance discounts to your staff (terms and conditions will apply).

Limits, exclusions and charges do apply. Full terms and conditions of the policy and cover, including the policy benefits and exclusions, will be contained in the Policy Wording and Policy Summary. Risk must be acceptable to the insurance underwriters on the panel of Wesleyan Financial Services.

Renew your PII with Wesleyan Financial Services and we'll offer you an option to fund your PII at a Fixed Rate of 1% APR, with Wesleyan Bank*.

Key benefits of PII funding when you get your Professional Indemnity Insurance with Wesleyan Financial Services:

• Interest rate of 1% APR (fixed)
• Spread the cost of your premium over 12 or 18 months
• Protect your cash flow and retain working capital
• Dedicated Wesleyan Financial Services and Wesleyan Bank Account Manager

We understand that your PII can represent one of the single largest expenses that a law firm can face annually. That's why we have teamed up with our colleagues at Wesleyan Bank to bring you this exclusive offer, to help spread the cost of your PII.

It's our way of helping you with your firm's cash flow and ensure working capital is available for other important areas of your business without relying on overdrafts or other more expensive credit lines.

We search a panel of insurers

As a broker, we have carefully researched and selected a panel of insurers that include leading industry names. We pride ourselves on the strong relationships we have with our insurers, as they're built on the quality of our work, the level of information we provide about our clients and the integrity that we portray.

Choosing your PII broker needs careful judgement. Not just over the financial stability of the insurers they access, but of equal importance, their understanding of specific market developments and the mandatory insurance requirements for the legal profession.

Speak to one of our dedicated and knowledgeable account managers today about how we can help to support your firm today and in the future.

Representative example

Total amout of credit	£50,000
Term of loan	12 months
Monthly repayment	£4,208.33
Total amount payable	£50,500
Interest charged	£500
APR representative	1%
Interest rate p.a.	1% (fixed)

Testimonials

"Blake Hynds offers an all encompassing service, with a wealth of knowledge of the varying products that he brokers and a keen interest to know and understand the needs of the client. "We had shifting goal posts for several months and Blake was patient and diligent in realigning our insurance needs as they changed. One of the things that has sold us on Wesleyan is the fact that the broker is responsible for more than one product and can therefore work with you as your business and insurance needs grow." Jon Carroll, Integral Law, UK. 2019

Limits, exclusions and charges do apply. Full terms and conditions of the policy and cover, including the policy benefits and exclusions, will be contained in the Policy Wording and Policy Summary. Risk must be acceptable to underwriters at normal terms.

*The offer is subject to Professional Indemnity Risks cover placed with Wesleyan Financial Services along with the following:

1. This offer applies to Solicitors purchasing Professional Indemnity Insurance for their practice(s) located in England and Wales only. All other customers are excluded.
2. Your Professional Indemnity insurance is purchased from Wesleyan Financial Services (WFS) Limited and not from any other insurance broker or insurance provider.
3. Your business must have a minimum of 2 partners and no more than 30 partners
4. You must be a partnership, a limited liability partnership or a limited company, and registered at Companies House (if applicable).
5. The offer of 1% APR on funding is only available for policies with premiums between £5,000 and £500,000 and is subject to meeting underwriting criteria.
6. Offer available on successfully taking out a Professional indemnity insurance policy with Wesleyan Financial Services commencing on 1 January 2021 and before midnight on 31 December 2021.
7. Wesleyan Financial Services Ltd is a credit broker and not a credit lender. Credit applications and offer will be made by Wesleyan Bank Ltd.
8. Any offer of PII is dependent on the risks being acceptable to insurance underwriters on the panel of Wesleyan Financial Services and exclusions may apply. There is no guarantee that Wesleyan Financial Services will be able to offer you a PII policy.
9. Wesleyan Bank will offer a funding period determined by the length of your professional insurance policy. Our Professional indemnity insurance covers 12 or 18 months. We will advise the best term of your policy based on your business demands and needs.
10. Written funding 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. APR and repayment details are correct at the time of print.
11. These Terms and Conditions apply in addition to the WFS General Insurance Terms of Business Agreement and are subject to the laws of England and Wales and the exclusive jurisdiction of England and Wales.
12. WFS reserves the right to withdraw this offer at any time.
13. Risk must be acceptable to the insurance underwriters on the panel of Wesleyan Financial Services.