Navigating the Evolving Insurance Market: Financing for Law Firms
Last has year seen a significant rise in law firms switching insurers for lower premiums with a quarter of law firms changing cover, up from 16% in 2023 and 6% in 2022. Increased capacity led to more competition, with insurers relaxing restrictions on high-risk practices such as the likes of conveyancing and personal injury firms. More firms chose 18-month policies, and many saw rate reductions.
However, firms seeking premium financing faced stricter criteria and slower decisions, Fen court Finance recognised the strain this was having on Law firms and have made it our main priority to be committed in making the financing of your insurance needs seamless, efficient, and hassle-free enabling you to focus on what matters most to your business.
We provide a dedicated UK account manager who will work closely with you providing a personalised experience. Fen Court Finance have the ability to obtain approvals within a 48 hour turn around and a self-approval limit without the need of any accounting information.
