Personal Guarantee Insurance
When you sign a personal guarantee, we understand it’s more than your signature on the line.
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Personal Guarantee Insurance cover for loans up to £550,000.
Insurance premiums cost as little as £50 per month.
We cover new and existing personal guarantees.
What is Personal Guarantee Insurance?
If you sign a Personal Guarantee in support of a business loan or other financial agreement, you may be putting your personal assets at risk. Personal Guarantee Insurance is designed to protect you, as a company owner or director, when you take out business finance, giving you the confidence you need to grow your business.
Personal Guarantee Insurance is designed to cover up to 80% of your risk, meaning that you’re personally protected as you plan the future funding and growth of your business.
How Purbeck covers a Personal Guarantee.
£400k PGI cover for manufacturer of diesel engines
- £600k funding amount
- £400k PGI cover
- £4.7m shareholder funds
We were approached by directors of a company who had been manufacturing diesel engines since 1935. They were nervous about personal guarantee requirements that were attached to a long-term debt consolidation package they were considering.
We worked closely with the directors to complete all necessary underwriting checks whilst they finalised the details of their loan. At this stage, they quickly and easily took out cover through our online portal and are now happy, safe in the knowledge that their personal assets are safe!
