Personal Guarantee Insurance

Helping you to protect your assets 

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When it comes to taking out business finance, one of the biggest fears for any company director is the Personal Guarantee element of the offer.

This Personal Guarantee, leaves you personally liable for any outstanding debt that your business is unable to repay.

If your Personal Guarantee is called in, the lender has the right to seize your family home, your car, your pension pot, your savings, along with any other personal assets that you have worked so hard for.  Even marital assets are at risk.

But if you could insure your Personal Guarantee, would it make that risk easier to take?

Personal Guarantee Insurance

Personal Guarantee Insurance

I've partnered with Purbeck Insurance Services to provide you with a solution that protects your precious personal assets whilst allowing you the confidence to grow your business through securing crucial finance. As the UKs only current provider of Personal Guarantee Insurance, they can cover up to 80% of the value of your guarantee and put your mind at ease. Their PGI Policy offers:

  • A maximum level of cover of £400,000 for secured loans and £300,000 for unsecured loans
  • Unlimited access to the Business Support Service which provides invaluable support during financial difficulties
  • Multiple Directors covered by one Policy at no extra cost if PG is signed ‘jointly and severally’
  • Multiple guarantees covered by one Policy

Before you sign your life away, why not have an informal chat with the professionals and make sure that you’re not risking your personal assets unnecessarily. Contact us for an application form or follow the link below to access it online. A member of the Purbeck Support Team will contact you shortly after to discuss your options.

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If you have any questions regarding PGI or want to investigate protecting your personal assets, I'm available on my mobile as always to help: 07710466166

Common Personal Guarantee Insurance Questions:

But my business is doing great - I have no concerns
Businesses of all sizes and strengths can encounter financial difficulties for a whole host of reasons - many unforeseen. How many of us were able to predict COVID-19 and the impacts it has had on businesses around the world?

I haven’t got time to set up a Policy
Completing an application form takes a matter of minutes and you will typically be contacted within 24 hours to discuss your requirements and see if the Policy is for you.

I can’t justify the premium payments
Typically, the PGI premium is paid for by the business and not you personally, since the loan that the PG is attached to is for business purposes. The Director can then add the premium to the P11D form as a neutral business expense, allowing them some tax relief. If your company is going to pay for you to be protected then why not!