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Personal Guarantee Insurance (PGI) provides insurance for individuals (usually Directors) who have given a Personal Guarantee to a lender in respect of the borrowings of the limited company in the event that upon insolvency of the company, if the company is unable to repay the whole of the borrowings and the guarantee is called upon, then the insurance can indemnify the Guarantor.

PGI is available against a number of Limited Company borrowings:
  • Invoice finance
  • Asset based lending
  • Commercial finance
  • Other secured borrowings
  • Unsecured borrowings
  • Peer-to-peer loans
Why is Personal Guarantee Insurance Unique?

The PG insurance is the first of its kind to provide protection and advice at the same time. The policy can be purchased at any time either for an existing guarantee or as finance is taken out.

How it works

The guarantor is insured in the event of the company entering into insolvency and failing to pay back it’s lender in full. Cover starts at 60% for each guarantor of the amount of the guarantee in year 1, up to 80% in year 5 and subsequent years.

Length of time                                                                        % Covered 

Year 1                                                                                                60%

Year 2                                                                                               70%

Year 3 and thereafter                                                                    80%

The premium is based on the level of the cover required. There is a simple online application form which will provide you with an instant quote based on your requirements. Click here to access the form.

We would also welcome a meeting with you to discuss other products of finance which could help the running of your business.

Ascendis Business Finance do not offer advice or services in this area of insurance. We have partnered with Purbeck Insurance Services, a trading name of Purbeck UK Limited who exclusively offer Personal Guarantee Insurance (PGI) on behalf of Markel International, an A-Rated Fortune 500 insurance company.

By clicking the link above you will be transferred to the website of Purbeck Insurance Services.

The annual premium is calculated based on the applicant circumstances and the individual requirements of the applicant. Successful applicants will have a choice to pay the premium upfront in full or via a monthly direct debit instalment facility.