For many years Personal Guarantee Insurance was not available and although we were approached by a number of organisations hopeful of bringing a product to market it was not until early 2014 that such a new product emerged. It took some time to gain footing but accessibility was good through an online application. Although the product was gaining increasing awareness and traction it was unfortunately withdrawn from the market in January 2017.
Thankfully an alternate provider made a different Personal Guarantee Insurance product available, since the summer of 2017, albeit with certain limitations but these limitations are easing. The sole provider at the moment is Purbeck Insurance and they can be found HERE
If you are already in distress it is unlikely you will be accepted for Personal Guarantee Insurance cover. It is also not appropriate nor available in all circumstances. There may be alternative methods to mitigate your Personal Guarantee liability so feel free to email us at email@example.com or call us on 020 7754 3662 to discuss your requirements.
To find out more about Personal Guarantee and how it may help you, please contact us.