We understand just how significant the cost of Professional Indemnity Insurance can be and the inevitable pressure this can put on a firm’s cash flow.
Iceberg has created a loan account specifically designed to help law firms meet the cost of Professional Indemnity Insurance premiums by spreading payments over the period of cover.
What is it?
A flexible term loan repayable over 6, 10 or 12 monthly payments. The interest rate is fixed for the term of the loan. You can apply at any stage during the period of cover, so even if you have already paid the premium you can still spread its cost over the remaining term of the policy.
What are the benfits to your firm?
- Flexible Repayment Options
You can choose to repay the loan over 6, 10 or 12 monthly payments subject to the term of the policy.
- A Highly Competitive Fixed Interest Rate
The interest is fixed for the term of the loan, allowing you to accurately budget and plan your firm’s cash flow.
- Additional Credit Facilities
A Professional Indemnity Insurance premium loan from Iceberg is supplementary to any existing bank facilities that you may use.
- Available at any stage
You can apply at any stage during the period of cover, so even if you have already paid the premium you can still spread its cost over the remaining term of the policy.
- Combine Practising Certificate renewals in a single loan
Include the cost of Practising certificate renewal in a combined loan and save money.
- Payments made directly to your Insurers
Iceberg works closely with many of the accredited Insurers and Brokers so once your loan is approved you can relax in the knowledge that we will pay the premium directly to your chosen insurance partner.
How to apply?
To apply online, simply login here to get immediate access to your secure dashboard. Alternatively, call us on 01202 835035 or request a call back by clicking here.
Not already registered with Iceberg?
Registration is easy. To register, simply click here and enter your details. We will send an activation email which, when accepted, will give you immediate access to your secure dashboard and a range of Working Capital Solutions specifically designed for law firms.