Wilson Field are delighted to partner with Purbeck Insurance Services who exclusively offer Personal Guarantee Insurance (“PGI”) on behalf of Markel International, an A-Rated insurer.
PGI is an annual insurance product designed for business Directors and influencers who, through the course of raising business finance, have been required by their lenders to provide a Personal Guarantee in favour of the lender.
PGI provides financial security and will pay out in the event there is a formal call on the Personal Guarantee by the lender. PGI has been designed to give Directors and influencers confidence to fund their businesses adequately without unduly worrying about the Personal Guarantees that may be required to facilitate this.
The level of cover is based on a fixed percentage and this increases for each year the policy is in place:
- Year one: 60%
- Year two: 70%
- Year three and thereafter: 80%
PGI is available for Personal Guarantees provided to lenders across a range of SME finance facilities including:
- Invoice financing facilities
- Finance for Plant and Equipment
- Secured and unsecured bank overdrafts and loans
- Other secured and unsecured loans
The annual premium is calculated based on the individual circumstances and requirements of the applicant. The applicant has a choice to pay upfront in full or monthly payment terms are also available.
PGI is sold and underwritten by Purbeck Insurance Services, an insurance intermediary which is directly authorised and regulated by the Financial Conduct Authority.
Purbeck Insurance Services underwrites PGI on behalf of Markel International, an A-Rated Fortune 500 insurance company.
For more information on Purbeck Insurance Services and Markel International, please click the link below.
How to apply
By clicking the link above you will be forwarded to the website of Purbeck Insurance Services. Purbeck Insurance Services is a trading name of Purbeck UK Limited, which is a company registered in England and Wales and has its company number 10345620. Purbeck UK Limited is directly authorised and regulated by the Financial Conduct Authority in respect of Insurance Mediation. We, Wilson Field Limited, do not offer advice or services in this area of insurance.