fWe are currently the only underwriters of Personal Guarantee Insurance in the UK. Several others have made interesting noises about entering the market but with current levels of uncertainty over Brexit they have so far been reluctant to dip their toe in the water.
Being the only insurer in the market makes for a greater sense of responsibility. For many company Directors this may be the first time they have been asked to provide a personal guarantee and they are reluctant to commit without insurance. For those that are married this may be the first time their spouse has had to obtain independent legal advice. As you can imagine, the knowledge that all of their personal assets are being exposed upon a single signature can also reduce their desire to commit to the finance they need to grow.
Purbeck Insurance Services is a trading name of Purbeck UK Limited which is a company registered in England and Wales under company number 10345620 and has its registered office at 20 - 22 Wenlock Road, London, N1 7GU Purbeck UK Limited is authorised and regulated by the Financial Conduct Authority. Firm permissions can be obtained from the FCA register. Purbeck UK Limited is a Managing General Agent and has binding authority to enter into and administer contracts of insurance on behalf of Markel International Insurance Company Limited.