Syscap has released a premium finance solution for professional indemnity (PI) insurance.
The solution allows customers to spread their PI premiums over a 10- or 12-month period.
Mark Gidge, sales director for Syscap, said: “As society becomes increasingly more litigious professional practices are experiencing not only a rise in claims but also the knock-on effect on the price of their professional indemnity insurance premiums.
“For all sizes of professional practice, budgeting and paying for insurance premiums can be an unwelcome burden,” Syscap's Professional Indemnity Premium Finance eases the financial pressure of paying for professional indemnity insurance by absorbing renewal hikes, preserving capital and helping to maintain a stable cashflow by allowing firms to spread the cost of their insurance over the term of the policy.”
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