Personal Guarantee Insurance

As a condition of a business loan or asset finance facility, you may be required to sign a Personal Guarantee in support of the agreement as the business owner or company director.

What is Personal Guarantee Insurance?

Personal Guarantee Insurance is an annual insurance policy that provides you with insurance cover against a call on the Personal Guarantee following business failure.

How much does it cost and what coverage is available?

The annual premium typically costs between £25 – £40 per £1,000 of cover**. For example, if you have £100,000 of Personal Guarantee Insurance cover, the annual premium would typically cost between £2,500 and £4,000 per year. The premium rates are subject to individual circumstances. **correct as at July 2024

There are a choice of payment methods available including upfront and monthly repayments options.
The level of cover available is based on a fixed percentage of the Personal Guarantee to be insured and is dependent on the type of business loan in place.

Who are the Insurer?

We have partnered with Purbeck, a specialist provider of Personal Guarantee Insurance in the UK.
Purbeck are authorised and regulated by the Financial Conduct Authority and act as a Managing General Agent to enter into and administer contracts of insurance on behalf of Markel International.

Our aim is to provide Directors with the confidence to enter into finance arrangements and focus on growth objectives whilst providing added personal protection.

What to do next?
If you are interested in making an enquiry then please get in touch, email enquiries@oygenbf.co.uk or call 01635 785 400