Personal Guarantee Insurance
Protect Your Personal Assets While Your Business Grows
Signing a Personal Guarantee is often a necessary step to secure business finance, but it shouldn’t mean putting your home or life savings at risk. Personal Guarantee Insurance provides a robust safety net, covering a significant portion of your liability should your business be unable to meet its debt obligations.
PGI gives directors the confidence to pursue growth and secure funding without the looming shadow of personal financial ruin.
At amb Insurance, we help business owners access specialist policies designed to cover a portion of the guaranteed amount.
This type of insurance can provide valuable reassurance for entrepreneurs and company directors, allowing them to pursue growth opportunities while managing personal financial risk.
Benefits of personal guarantee insurance include:
- Protection for directors and business owners
- Coverage against losses linked to personal guarantees
- Greater confidence when securing business finance
- Support from specialist insurance advisers
What is a personal guarantee?
A personal guarantee is a legal commitment where a business owner or director agrees to be personally responsible for a business debt or financial obligation if the business cannot pay.
Why do lenders require personal guarantees?
Lenders use personal guarantees to reduce their financial risk, particularly for small businesses, start-ups, or companies with limited trading history.
What are the risks of signing a personal guarantee?
If the business defaults, the guarantor’s personal assets, such as savings or property, could be at risk. It is important to fully understand the terms before signing.
Can personal guarantees be insured?
Yes. Personal guarantee insurance can help protect directors and business owners by covering part of the guaranteed amount if enforcement action occurs.
How can amb Insurance help with personal guarantee protection?
amb Insurance can advise on suitable personal guarantee insurance solutions, helping directors and business owners reduce financial exposure and gain peace of mind.
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Usual excellent service from AMB – been with them for over 5 years. Their professionalism and attention to detail together with their simple and direct approach, makes it easier for clients to do business with them.
Particular mention to Sian for great service.
I will certainly be back next year.
We have recently placed our business insurance and small fleet policy with AMB.
Our main point of contact has been Vanessa.
We have found the service exceptional.
Vanessa has been responsive and explained things fully.
I would have no hesitation in recommending.
Jack at AMB Insurance always goes above and beyond to ensure all our insurance needs are met and dealt with in a timely manner. Thank you for all your help and guidance it is appreciated.