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Why Secure Personal Guarantee Insurance with Purbeck

Posted by Todd Davison on Oct 3, 2022 1:15:00 PM

Personal guarantees are an effective way to secure a loan that is crucial to your business’ growth and success. However, there’s no denying the risk to your personal assets.

Most personal guarantees are secured against your property, and if the worst should occur and your business defaults on payments, you could be at risk of losing your valuable personal assets. That’s why people choose to secure PGI (personal guarantee insurance). 

PGI is an effective policy designed to reduce these risks. At Purbeck, we are the leading providers of PGI, with our policies covering up to 80% of the value of your guarantee. This ensures that you can invest in your business' future without having to worry about your personal risk.

In this article, our experts explore the key benefits of taking out personal guarantee insurance with Purbeck.


What are the benefits of securing personal guarantee insurance with Purbeck? 


While there may be similar policies now available through other insurance providers, Purbeck are proud to have been the first to offer PGI, and as innovators of this type of policy, we have the experience and expertise no other firm has. But what makes our policies and service shine above all other providers? 


 Here are the 6 benefits of securing personal guarantee insurance with Purbeck:


 -     Bolster business growth with reduced risk

Sometimes a loan is essential to grow your business, and most lenders require you to secure the loan against assets, either those of the business or, in many cases, personal assets such as your home.

If you’re looking to meet your growth goals and KPIs, this injection of funds can be a serious boon. However, you don’t want the stress of your personal guarantee looming over you.

PGI allows you to focus on growing your business without distraction, as much of the risk is mitigated by your insurance!


-     No-obligation quotations 

All of our quotations are no-obligation, meaning that you only pay for our services if you choose us as your insurance provider.

This means that we’re available to provide free, totally impartial advice on PGI whenever you need it.


-     We’ll insure existing guarantees

Our policies are flexible, which means that it’s possible to secure PGI on both new and existing guarantees.

No matter how long your personal guarantee has been in place, we’re happy to insure your policy.


-     Enjoy highly competitive premiums

We offer competitive premiums which are available over a wide range of business loans, to ensure that you are getting the best deal for your business.  


-     24/7 access to expert support

Our services don’t end once you’ve secured a policy with us. Our experts are at your side if you should ever need business support. You’ll have access to our support desk to consult with our specialist advisors. 


-     Highly credentialed insurer

Purbeck are proud to distribute insurance policies as an A-rated insurer, as rated by established and high-standard systems such as A.M Best (A), Fitch (A+) and S&P (A).

Any necessary insurance intermediary is authorized and regulated by the Financial Conduct Authority and Prudential Regulatory, ensuring that our operation is secure and presents minimal risk to you. 


-     Personal Guarantee Insurance with Purbeck 

At Purbeck, we believe that you should be able to invest in your business to reach your goals safe in the knowledge that your personal assets are secure.  

If you have any questions about our policies or would like to find out more about how personal guarantee insurance can give you the peace of mind you deserve, don’t hesitate to get in touch with our team of PGI experts today. 

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