Personal Guarantee Insurance Partnership

When you sign a Personal Guarantee, it’s more than just your signature on the line

As a business owner or director, when you sign a Personal Guarantee, you are effectively putting your personal assets on the line, including your home. In the event that your business is unable to repay the loan you have taken out, you, and potentially your family, may suffer as a result.

That’s why Pathfinder Invoice Finance has partnered with Purbeck Insurance to offer Personal Guarantee Insurance (PGI), to safeguard your personal assets when you apply for finance.

What is Personal Guarantee Insurance?

Personal Guarantee Insurance (PGI) safeguards directors of SMEs who have signed, or are required to sign, a personal guarantee with a lender as part of their business loan application. PGI can cover multiple guarantees on one policy.

What does PGI cover?

Directors guarantee insurance policies offer coverage for up to 80% of the value of your Personal Guarantee against loans, enabling you to invest in the future growth of your business while reducing your personal risk. The range of secured loans covered includes invoice finance, asset finance, commercial mortgages and qualifying peer-to-peer loans. The maximum level of cover is £400,000.

How do I apply?

Obtaining Personal Guarantee Insurance (PGI) has never been easier. To apply, simply follow this link:

James Bingham, Managing Director of Pathfinder Invoice Finance, said: “We have partnered with Purbeck Insurance to enable clients to obtain the coverage they need quickly and efficiently, giving them peace of mind regarding the risks associated with signing a personal guarantee. According to a recent report from Purbeck, there has been a 93% year-on-year rise in the adoption of Personal Guarantee Insurance among SME business owners. The increasing demand for cover illustrates the prevalence of personal guarantees being demanded by lenders as a form of security for SME business loans. It is clear that business owners and entrepreneurs are well aware of the personal risks associated with personal guarantee-backed loans and are implementing measures to reduce those risks, given the continual rise in costs.”

You’re in safe hands with Purbeck

Purbeck Insurance’s policies are backed by Markel International Insurance Company Limited (“Markel”)
An A rated Insurer, as rated by A.M. Best (A), Fitch (A+) and S&P (A)
Authorised by the Prudential Regulatory Authority and is regulated by the Financial Conduct Authority and the Prudential Regulatory Authority

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“We used the team at Pathfinder Invoice Finance to help us raise capital to purchase a business and provide ongoing working capital. Their knowledge of funders who support the construction industry was extremely helpful and their honest advice and support was and still is invaluable. They are always on hand to assist us if we need it. We would highly recommend Pathfinder to anyone looking for business finance and have already referred other clients to them.”
Josh Eiles-Clark, Group Managing Director, Wood Mace Ltd

“We were looking for a facility to support our growth plans post-pandemic. With large investments in inventory and machinery to support a ramp up, we needed to ensure we had access to funds to support all aspects of our supply chain and customer ambition. We wanted some independent advice and support to find the right facility for the business. The team at Pathfinder took the time to understand our business needs and infrastructure, resulting in providing us with exactly the right solution for the company, both from a financial and relationship perspective. I would highly recommend them for any business related finance advice.”
Peter, Managing Director, Engineering Business

“We found ourselves requiring a specific credit insurance and funding solution for one of our long-standing clients. They took the time to really understand what was required, analysed what was available across the whole market, and subsequently provided an excellent bolt-on solution to our existing finance partner’s services. This was all done in a relaxed and friendly manner with minimal red tape. Both the client and I are very happy with the solution they delivered. I would thoroughly recommend a chat with Pathfinder should you have any business finance related conundrums, no matter how big or small.”
Robert Bond, Managing Director, Bond Williams.