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

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.

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 50% for each guarantor of the amount of the guarantee in year 1, up to 90% in year 5 and subsequent years.

Multiple Guarantors

PGI is personal to you but other guarantors can take the cover as illustrated. If there are two joint and several guarantors and each takes out PGI then the effective cover will be 100% of the total joint and several guarantee in year one.

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


By clicking this link it will take you to the Purbeck Insurance Services website which is a trading style for Purbeck UK Limited. Purbeck UK Limited is a limited company registered in England and Wales under company number 10345620. Purbeck UK Limited is authorised and regulated by the Financial Conduct Authority in respect of insurance mediation. Firm number 756820. We, Ascendis Business Finance do not offer advice or services in this area of Insurance.

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