As a condition of raising business finance, Directors are often required to provide additional security to the lender by signing a Personal Guarantee.
By signing a Personal Guarantee, the Director is placing his or her personal estate at risk; if the business fails the lender can seek recoveries from the Director personally.
In most cases, signing a Personal Guarantee can be a key component in securing business finance. Directors are, therefore, willing to provide a Personal Guarantee to secure business finance so their business is able to pursue its growth objectives.
Key features of personal guarantee insurance:
- Competitive premiums and cover available across a wide range of business loans.
- Insurance available for:
- Existing or new Personal Guarantees
- Multiple Personal Guarantees
- One or more guarantors
- Unlimited access to Business Support Services; a group of specialist advisors who are at your side should your business need support.
- Full quotation in minutes using our online quote and buy system or via telephone with one of our specialist advisors.
- Insurance policy insured by Markel International, an A-rated leading insurer.
