Personal Guarantee Insurance
What is Personal Guarantee Insurance?
PGI provides cover to Directors of Ltd Companies based in the UK who have signed a PG in relation to commercial finance. If the company enters insolvency, the Policy steps in and pays a set percentage of the Personal Guarantee commitment directly to the lender.
80% cover for PGs signed in support of secured finance
60% cover in the first year for PGs attached to unsecured finance, rising to 70% in year two, then 80% in year three and thereafter
A maximum level of cover of £400,000 for secured loans and £300,000 for unsecured loans
Unlimited access to the Business Support Service which provides invaluable support during financial difficulties
£10,000 cover for a professional debt negotiator to arrange settlement with the lender
Cover for multiple Directors on one Policy at no extra cost if the PG is signed on a joint and several liability basis
Cover for multiple guarantees on one Policy
How we can help
PGI is available against a wide range of business loans, including invoice finance, asset-based loans, commercial mortgages, peer-to-peer loans, development loans and more. Why not have an informal chat with our experts and make sure that you are not risking your personal assets unnecessarily.
Would you like to know more?
Get in touch to see how we can help your business today.