Personal Guarantee Insurance

Personal Guarantee Insurance has been designed to give Directors the confidence to do business, focus on growth objectives and protect their personal estate.

Personal Guarantee Insurance

Personal Guarantee Insurance

As a condition of raising business finance, Directors are often required to provide additional security to the lender by signing a Personal Guarantee. By signing a Personal Guarantee, the Director is placing his or her personal estate at risk; if the business fails the lender can seek recoveries from the Director personally.

In most cases, signing a Personal Guarantee can be a key component in securing business finance.

Directors are, therefore, willing to provide a Personal Guarantee to secure business finance so their business is able to pursue its growth objectives.

Personal Guarantee Insurance is an annual insurance policy that provides Directors with cover in the event the business lender calls on their Personal Guarantee following insolvency.

Personal Guarantee Insurance provides:

  • Competitive premiums and cover available across a wide range of business loans
  • Insurance available for:
    • Existing or new Personal Guarantees
    • Multiple Personal Guarantees
    • One or more guarantors
  • Full quotation in minutes using our online quote and buy system or via telephone with one of our partners specialist advisors
  • Insurance policy insured by Markel International, an A-rated leading insurer
  • Unlimited access to Business Support Services; a group of specialist advisors who are at your side should your business need support

Personal Guarantee Insurance is available for Personal Guarantees provided against a wide range of business loans:

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 Secured Loans  Unsecured Loans
 Asset Finance  Credit Cards
 Commercial Mortgages  Peer to Peer Loans
 Invoice Finance  Overdrafts
 Other secured loans  Other unsecured loans

Personal Guarantees provided against

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 Personal Guarantees  Secured Loans  Unsecured Loans
 Policy term:  Annual policy  Annual Policy
 Details of cover:  Cover is based on a fixed percentage:
 • Year one and thereafter: 80%
 Cover is based on a fixed percentage:
 • Year one: 60%
 • Year two: 70%
 • Year three and thereafter: 80%
Payment terms:  Annual or monthly payment options available  Annual or monthly payment options available
Maximum level of cover:  £400,000  £300,000
 Access to Business Support Services:  Yes - unlimited  Yes - unlimited
Wattsford Commercial Finance has partnered with Purbeck Insurance to provide specialist Personal Guarantee Insurance to Directors and Shareholders of UK businesses. Purbeck Insurance is authorised and regulated by the Financial Conduct Authority.

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