SMEs

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’ […]

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 […]

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]. […]

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 […]

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 […]

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 […]

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 […]

Start-ups warned to start on the right foot   November 2021: A survey of 1000 small business owners[i] by Purbeck Personal Guarantee Insurance has found that over 1 in 5 (22%) has not told their life partner that they have signed a personal guarantee. If the business defaults on a personal guarantee backed loan, the […]