We can offer insurance solutions to properly protect peer to peer lenders against the challenges that are likely to arise during the ordinary course of business.
Access to financial services is a key part of improving social mobility. Unfortunately, those people closest to the poverty line are some of the worst served by the mainstream financial services sector. A lack of financial education, relatively small loan values and lack of security all make the sector seem unattractive to conventional lenders. However, without providing lending solutions to those people who sit at the bottom end of the wealth ladder, we are never going to be able to tackle the social inequalities which exist in the world today.
Peer to Peer lending or crowd funding as it is also known, is an excellent way in which those private and institutional investors with a social conscience can efficiently provide capital to under privileged individuals. It allows borrowers with a more challenging financial history to fully explaining the difficulties they have faced and facilitate the loan with someone who is willing to take a “perceived” increased risk in return for personal satisfaction instead of an extortionately high rate.
Whilst alternative finance is an essential part of the modern economy, like most commercial enterprises, it faces a plethora of risks as a result of its day-to-day activities. Examples of claims likely to arise include:
We can offer insurance solutions to properly protect peer to peer lenders against the challenges that are likely to arise during the ordinary course of business using the following insurance products:
Please contact our highly experienced team to find out more information on how we might be able to better protect your organisation.
We use insurance products and capacity to protect pro-ESG organisations and help to facilitate their growth.
Sustain Insurance Brokers is a trading name of Sustain Brokers Limited which is registered in England and Wales under company registration number 14309360. Sustain Brokers Limited is also an appointed representative of TEn Insurance Services Ltd, trading as Eleven, which is authorised and regulated by the Finance Conduct Authority (FRN 314593).
