If you’ve signed a Personal Guarantee in relation to a business loan, it probably wasn’t an easy decision to make. We appreciate that when it comes to driving your business forward, sometimes you need to make bold decisions and to secure the commercial finance that you need, you may have to risk your personal assets by signing a Personal Guarantee.
But did you know that there’s insurance that can cover a Personal Guarantee?
We have partnered with a Personal Guarantee Insurance specialist, currently the UK’s only current provider of Personal Guarantee Insurance (PGI), to provide you with a solution that gives you the confidence to grow your business through securing crucial finance, and the best part is that we can consider Personal Guarantee’s retrospectively – so if you’ve already signed one, there’s still time to protect your personal assets.
As we work with the UKs only current provider of Personal Guarantee Insurance, they can cover up to 80% of the value of your guarantee and put your mind at ease. Their PGI Policy offers:
- A maximum level of cover of £400,000 for secured loans and £300,000 for unsecured loan
- Unlimited access to the Business Support Service which provides invaluable support during financial difficulties
- Multiple Directors covered by one Policy at no extra cost if PG is signed ‘jointly and severally’
- Multiple guarantees covered by one Policy
Why not have an informal chat with one of our professionals and make sure that you’re not risking your personal assets unnecessarily.