We work in conjunction with a number of insurance brokers to provide the right protection for you. We offer a range of protection to safeguard yourself and your business. Our partners have more than 20 years of experience and understand protection should be determined on an individual basis.

The main insurance services we offer are:

  • Contractor Insurance
  • Business Insurance
  • Tax Insurance
  • Personal Guarantee Insurance

Insurance to give you peace of mind

Being your own boss is one of the great benefits of being a contractor, however with that comes great responsibility. If anything goes wrong, you don’t have a safety net to fall back on.

Comprehensive contractor insurance is great value and lets you get on with your job, knowing you are protected whatever happens.

The Essential Coverages:

  • Professional Indemnity Insurance
    Protects you if you are facing a lawsuit because of a mistake that happened as a result of your work
  • Public Liability Insurance
    Cover to beat your legal obligations, including claims from injuries to customers.
  • Employers Liability Insurance
    Covering you for claims from employees if they get injured.

Insurance to fit your business needs

Business insurance is unique to your business, we offer a range of services to ensure you’re fully protected.

Our insurance broker has more than 20 years’ experience within business insurance, and have the expertise to protect your business solely dependent on business requirements. You’ll always speak to an advisor that has experience in your industry and can tailor the quote specifically to you.

Time consuming and expensive tax investigations are on the increase, you can’t prevent one but you can protect against the cost

Tax enquiry and legal expenses insurance protects you against legal action.

Types of Tax Insurance:

  • IR35
    Having IR35 insurance in place will provide reassurance that even if you do face an enquiry, you wouldn’t be facing a crippling defence sum.
  • Fee Protection Policy
    Anyone can be selected for a HMRC tax investigation, they can last for months and are expensive to defend. For a modest annual fee you can safeguard from the costs of professional fees associated with an investigation.

Personal Guarantee Insurance

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.

PGI is available against a number of Limited Company borrowings:

  • Security given to a lender (such as a debenture on cashflow finance deal)
  • Business assets (such as plant & machinery on HP or lease)
  • A charge over property
  • A fixed and floating charge over business assets
  • Unsecured loans (such as overdrafts)
  • Peer-to-peer loans

How it works

The insurance policy indemnifies the individual (Director) in the event that the Limited Company becomes insolvent and the personal guarantee is called upon by the lender (usually where the Limited Company is unable to pay back its borrowings). The level of cover is based on a fixed percentage of the Personal Guarantee you wish to insure and this increases for each year the policy is in place:

  • Year one: 60%
  • Year two: 70%
  • Year three and thereafter: 80%

How much does it cost?

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.

  1. Click the link below to get a quick quote
  2. Click ‘Get a quote’ on the Purbeck Insurance site, then type ABSL as the referral firm
  3. Enter your company and loan information to receive your quote


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 installment facility.


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