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June 2022: As Purbeck Personal Guarantee Insurance reaches its 5th birthday, the U.K.’s first and only provider of personal guarantee insurance shares 5 top tips to business success. Todd Davison, MD of Purbeck Personal Guarantee Insurance says; “As a small business focused on protecting the personal finances of small business owners, we know the […]
Headline figures: Applications for Personal Guarantee Insurance to support business funding rose 50.5% Q1 2022 vs Q1 2021 In March 2022, the number of applications doubled those received in March 2021. 35% of finance applications with a personal guarantee attached are for ‘Working Capital’ Applications for personal guarantee insurance to support funding for ‘Working Capital’ […]
It’s a hackneyed phrase that insurance is a necessary evil. That can’t be said about risk management. Actually, effective risk management enables your business to make better decisions, avoid the typical pitfalls and deliver on its plan. Isn’t that how we all want to manage our business? A great analogy is Formula 1. People often think […]
April 2022: Following a report in the Financial Times this week suggesting that[i] a permanent replacement for the loan schemes offered to small and medium sized businesses in the pandemic is in the pipeline, Purbeck Personal Guarantee Insurance, has welcomed the move but urges caution over personal guarantee requirements which could prove a barrier to […]
With the worsening unpredictability of British weather and terrorist threats increasing, arts organisations and events companies across the country are shoring themselves up with cancellation insurance. Even if it’s a free event with no ticket revenue at stake, cancellation insurance can cover lost expenditure. Key risks include: Adverse weather for outdoor events: water-logging or high […]
Purbeck Personal Guarantee Insurance Issues Wish-List to Chancellor March 2022: Ahead of the Chancellor’s Spring Statement on 23rd March 2022, Purbeck Personal Guarantee Insurance, the provider of personal guarantee insurance to small business owners, is urging Rishi Sunak to consider key measures to support small businesses following news that company insolvencies doubled in February[i]. […]
Life science businesses are facing an increasingly challenging landscape in securing cyber insurance. Cyber-attacks are spiraling in scale, frequency and ingenuity. For example, the volume of ransomware attacks increased by 150% in 2020, while the amount paid by victims of these attacks increased more than 300% in the same period.
People with Personal Guarantee Insurance Double Year on Year March 2022: In response to the Small Business Finance Markets Report 2022 from the British Business Bank[i] which found that lending to small businesses has returned to pre-pandemic levels, Purbeck Personal Guarantee Insurance is warning the owners of small businesses that they should be under no […]
Men are more likely than women to want to start their own business – 57% of male respondents compared to 43% of female People in London and the South East are most likely to be budding entrepreneurs Those between 25 and 34 are the keenest to become their own boss (66%), followed by those aged […]
In the 14 months since it joined Partners&, Focus, the Oxford based specialist insurance adviser, has gone from strength to strength. It is now making the move to change its name and fully integrate with Partners&, with a view to become the UK’s best insurance advisory business.
February 2022: With just a couple of months to prepare for the April 2022 Solicitors’ Professional Indemnity Insurance (PII) renewal season, the Partners/Directors of Solicitors’ firms are being urged to plan for the likelihood that they will need to sign a personal guarantee as a condition of their run-off cover. This could put their homes […]
February 2022: A new survey amongst[i] the employees of SMEs by Purbeck Personal Guarantee Insurance, the UK’s only provider of personal guarantee insurance has found that over a third of firms (34%) took no measures at all to deal with the pandemic over the past year. 12% of respondents said the business they worked for […]
Major Coup for ThingCo as Markerstudy Selects Insurtech as Telematics Partner Markerstudy switches to solar powered, self-fit, second by second device with eco-credentials In one of the most prestigious motor insurance contracts in the UK, ThingCo, the next generation telematics insurtech, has been selected to partner with AISL, part of the Markerstudy Group, which manages […]
New or Known Customers Confirmed – LexID® for Insurance Launches at Point of Quote for U.K. Insurers Atlanta Group First to Adopt Point of Quote Solution Insurance providers can now identify genuinely ‘new’ from ‘known’ customers at the point of quote and start to build a single customer view to help support communication, pricing and […]
Open GI to Deliver Broker Intelligence from LexisNexis Risk Solutions Unprecedented Insights on U.K. Policy History Including NCD, Cancellations and Gaps in Cover London and Worcester: January 2022 – In a move designed to help brokers take advantage of some of the most powerful data available to the insurance market today, Open GI has become […]