Personal Guarantee Insurance

Wattsford Commercial Finance has partnered with the UK's leading provider of Personal Guarantee Insurance (PGI), giving you the confidence to grow your business whilst protecting your personal assets

What is PGI?

Personal Guarantee Insurance provides cover to Directors of UK Ltd Companies who have signed a Personal Guarantee (PG) in relation to commercial finance.  If the company enters insolvency, the Policy steps in and pays a set percentage of the PG commitment directly to the lender.

PGI provides:

  • 80% cover for PGs signed in support of secured finance
  • 60% cover in the first year for PGs attached to unsecured finance, rising to 70% in year two, then 80% in year three and thereafter
  • A maximum level of cover of £400,000 for secured loans and £300,000 for unsecured loans
  • Maximum underlying loan £2.5 million and £4 million for invoice financing
  • Unlimited access to the Business Support Service which provides invaluable support during financial difficulties
  • £10,000 cover for a professional debt negotiator to arrange a settlement with the lender
  • Premiums paid by the company as a P11D neutral expense which is deductible against Corporation Tax
  • Cover for multiple Directors on one Policy at no extra cost if the PG is signed on a joint and several liability basis
  • Cover for multiple guarantees on one Policy

Personal Guarantee Insurance is available against a wide range of business loans, including invoice finance, asset-based loans, commercial mortgages, property development loans and more.

How to get a quote

Contact Us for an application form or click on the button opposite to apply online

Start your Online Application...