Safeguard Your Assets in the New Fiscal Year with Personal Guarantee Insurance
The start of a new fiscal year presents the perfect opportunity to reassess your business’s financial position and plan ahead to ensure future success.
The start of a new fiscal year presents the perfect opportunity to reassess your business’s financial position and plan ahead to ensure future success.
Posted by Todd Davison on
April 2024: As the Federation of Small Businesses (FSB) calls for a more comprehensive investigation into the use of personal guarantees for small business loans, the number of small business owners becoming personal guarantors continues to rise. According to new analysis of applications for personal guarantee insurance in Q1 2024, by Purbeck Personal Guarantee Insurance, the UK’s sole provider of insurance protection for personal guarantees, there has been a 49% rise in business owners seeking Personal Guarantee Insurance (PGI) for a small business loan. And most of these were for loans to simply keep their business running.
Posted by Todd Davison on
Posted by Todd Davison on
Imagine you’re launching your business – a passion project that’s been brewing in your mind for years. You have the idea, the plan, and the drive to make it happen, but when it comes to securing the financing needed to turn your vision into reality, you hit a brick wall.
Posted by Todd Davison on
March 2024: As the FCA outlines its plan to address the Federation of Small Business’ super-complaint regarding the use of personal guarantees on small business loans, Todd Davison, MD of Purbeck Personal Guarantee Insurance says:
Posted by Todd Davison on
FCA response to FSB super-complaint is imminent
Posted by Todd Davison on
Posted by Todd Davison on
When it comes to navigating the market and understanding complex insurance options, clients sometimes need a little helping hand to find the right solution that will meet their needs.
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Headline Figures from The Purbeck Personal Guarantee Insurance Monitor for Q4 2023:
Posted by Todd Davison on
2024 is predicted to be a challenging year for the housing market, with forecasts indicating significant increases in mortgage rates. This potential surge is the effect of The Bank of England’s decision to hike interest rates, sparking an increase in housing costs that has sent a ripple through the mortgage landscape.
Posted by Todd Davison on
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