Client Login
Apply now

PGI Knowledge Centre

Trade Credit Insurance Guarantee crucial for SMEs in construction

Posted by Todd Davison on Jul 22, 2020 9:30:00 AM
  • The Trade Credit Insurance guarantee should mean many small businesses, particularly those in the construction and manufacturing sectors can continue to access affordable insurance to support trading with other businesses and provide confidence within the supply chain.

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Small businesses urged to stress test their finances

Posted by Todd Davison on Jul 15, 2020 9:30:00 AM
  •  Purbeck’s tips for stress testing business finances

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Financial crisis fear for small businesses when furlough scheme ends

Posted by Todd Davison on Jul 10, 2020 3:18:51 PM
  • Purbeck Insurance Services, provider of the UK’s only Personal Guarantee Insurance solution has welcomed the Job Retention Bonus but fears this will be too little too late for small businesses reaching the end of their cash reserves as the furlough scheme ends in October 2020.

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Loan payment holidays are top mitigation measure for small businesses

Posted by Todd Davison on Jul 10, 2020 3:03:59 PM
  • Purbeck Launches COVID-19 Help Guide for SMEs

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Is a Personal Guarantee Enforceable?

Posted by Todd Davison on May 21, 2020 11:48:04 AM

It is possible that the personal guarantee you signed is no longer enforceable. Find out your options for challenging personal guarantees to avoid the threat to your personal assets.

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial finance, #bankruptcy

Personal Guarantee risk for over 420,000 small business owners

Posted by Todd Davison on Apr 16, 2020 2:26:08 PM
  • It is estimated that over 420,000 small business owners in the UK are acting as personal guarantors for business loans and could be facing the risk of losing their home due to the impact of Covid-19.  

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial guarantee, #commercial finance, #bankruptcy

Small Business Owners Take Cover

Posted by Todd Davison on Apr 16, 2020 2:20:46 PM
  • The number of small business owners applying for insurance to protect their personal assets if their business fails, has jumped 84% from the first week of February and the volume of applications over the whole month have almost doubled compared to February 2019. 

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial guarantee, #commercial finance, #bankruptcy

How to Get Out of a Personal Guarantee

Posted by Todd Davison on Apr 15, 2020 9:33:21 AM
Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial guarantee, #commercial finance, #bankruptcy

A Guide to Bankruptcy and Personal Guarantees

Posted by Todd Davison on Mar 23, 2020 12:10:37 PM

When faced with the prospect of signing a personal guarantee, it’s important that you know all the potential implications should the bank or financial lender look to enforce that guarantee against you, such as in cases of insolvency through liquidation or administration.

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial guarantee, #commercial finance, #bankruptcy

Recession born SMEs hit terrible teens and reach out for cash

Posted by Todd Davison on Mar 9, 2020 8:30:00 AM

Size of personal guarantees rises 32%

Budget must help small businesses old and new. Purbeck Insurance Services, the provider of personal guarantee insurance has revealed a trend in the owners of small businesses established in the height of the financial crash in 2007-2008 who are now having to put their personal assets on the line to secure finance for their business.

Read More

Topics: #pgi, #personalguarantee, #personalguaranteeinsurance, #commercial guarantee, #commercial finance, #bankruptcy

Get in touch

For more information or to speak to one of our underwriters contact us today.

Find out what UK directors understand about personal guarantees

  • Do 99% of UK directors really know what is being placed at risk when signing a personal guarantee?
  • Are directors comfortable signing personal guarantees?

    Download Survey

Subscribe Here!

Recent Posts