Purbeck Personal Guarantee Insurance Shares 5 Top Tips for Small Business...

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 […]

Applications for personal guarantee backed small business loans up 50%

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’ […]

Sunak’s Spring Statement Must Support Small Businesses

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]. […]

Small business lending back to pre-pandemic levels but demand for personal...

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 […]

Insurance Cuts Personal Guarantee Risk of Solicitors’ Professional Indemnity Insurance

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 […]

Brokers offering Solicitors’ PII can cut risk for clients through Personal...

Insurers increasingly requiring Personal Guarantees for run off claims February 2022: As the April 2022 renewal season for Solicitors’ Professional Indemnity Insurance fast approaches, insurance brokers will be under pressure to help the Partners/Directors of Solicitors’ firms cut the risk of personal guarantees now being demanded by some insurers as a condition of cover. Purbeck […]

Money worries top concerns of small business workers

67% feel mental well-being has been impacted by pandemic   January 2022: As Blue Monday approaches on 17th January 2022, a new survey of the employees of the UK’s small businesses[i] by Purbeck Personal Guarantee Insurance, the UK’s only provider of personal guarantee insurance, has found that 25% feel more stressed and anxious than prior […]

October 2021 sees record uptake in personal guarantee insurance by small...

November 2021: In a sign of the increasing uptake of personal guarantee backed business loans amongst small business owners, and a corresponding need to mitigate the personal financial risks of these loans, Purbeck Personal Guarantee Insurance, the UK’s only provider of personal guarantee insurance saw policy numbers increase year on year by 143% in October […]