Finance Brokers
Our terms of business are competitive and we can discuss your individual partner requirements.
Our terms of business are competitive and we can discuss your individual partner requirements.
You will understand that, increasingly, as a condition of raising business finance, directors are required to sign a personal guarantee to secure business finance.
Personal Guarantee Insurance provides a useful product to help ease your clients’ concerns in signing a personal guarantee, making it easier to sell your finance products.
Benefits:
Provide your clients with an innovative solution when signing a personal guarantee; a solution your clients may not know exists
Provides a "tool" to help convert your finance deals when your client is reluctant to sign a personal guarantee
Commissions available
Have access to your own dedicated account manager
Flexibility to work with you directly, or work with your client and keep you informed
Seamless referral process
Personal Guarantee Insurance (PGI) enables finance brokers to offer additional protection to clients who are required to sign personal guarantees when securing business loans.
This solution can be particularly appealing to small and medium-sized enterprises (SMEs) that need financial support but are concerned about personal exposure.
PGI allows brokers to provide a well-rounded financial solution, providing clients with peace of mind, knowing that a portion of their liability is covered by insurance.
PGI offers several advantages to finance brokers.
Firstly, it helps alleviate clients' concerns about signing personal guarantees, making them more comfortable with the terms of their business loans. This reassurance can help brokers close finance deals more efficiently, as clients are more likely to proceed with the loan when they know they have a safety net through PGI.
Additionally, by helping clients manage the risks associated with personal guarantees, brokers can strengthen client relationships, increase conversion rates and expand their service offerings.
At Purbeck, we also offer brokers support through dedicated account managers, making it easier to incorporate PGI into their services.
Get your Personal Guarantee Insurance quote today
It’s the only way to protect yourself and your family in the event your business cannot pay its debts.