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Insurance Brokers

Our terms of business are competitive and we can discuss your individual partner requirements.

PGI Information for Insurance Brokers

As a trusted insurance broker for your clients, you are able to provide proactive solutions to mitigate business risks.

Personal Guarantee Insurance provides you with an innovative insurance product to help differentiate what you are offering. Relatively few insurance brokers are aware of Personal Guarantee Insurance.

The brokers that we partner with leverage our insurance products to leverage new business relationships.

Benefits:

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Provide your clients with an innovative solution when signing a personal guarantee; a solution your clients may not know exists

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Commissions available

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Have access to your own dedicated account manager

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Flexibility to work with you directly, or work with your client and keep you informed

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Personal Guarantee Insurance for Insurance Brokers FAQs

What are the main benefits of offering PGI for insurance brokers, and does it enhance your client offering?

Offering Personal Guarantee Insurance (PGI) enables insurance brokers to provide clients with valuable peace of mind when signing personal guarantees. PGI mitigates this risk by covering a portion of the liability if the business defaults, offering clients financial protection. 

For insurance brokers, PGI adds a unique selling point to their service portfolio. By providing a solution that protects business owners' personal assets, brokers can differentiate themselves in the market, attract more clients and help clients feel more secure in pursuing SME finance. 

Additionally, offering PGI generates commissions, making it financially rewarding for brokers while enhancing their services as well as client satisfaction.



How does the commission structure work for insurance brokers?

Insurance brokers earn commissions on each client they refer who secures a PGI policy. The commission is based on the policy's net premium, providing revenue each time a client signs up.

Can multiple personal guarantees be insured under one policy?

Yes, a single PGI policy can cover multiple personal guarantees, provided they pertain to the same business. This feature is beneficial for business owners or directors with multiple loans requiring personal guarantees, as it simplifies their insurance needs. However, specific limits may apply depending on the policy and the necessary level of coverage.

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