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What is Personal Guarantee Insurance?

Concerned about the prospect of signing a Personal Guarantee and hesitant to proceed? Congratulations firstly! You've received your finance offer, & your ready to take your business to the next level. If the idea of a Personal Guarantee has given you pause though, worry not— we can offer a personal guarantee insurance. Personal Guarantee Insurance is an annual insurance policy designed to meet the growing demand by finance companies requesting Personal or Director Guarantees. These are often requested of directors or shareholders of Limited Companies in support of a business finance facility. The product is designed to give you confidence to invest in your business whilst protecting your personal assets. If your company enters insolvency, your insurance policy will provide will personal guarantee cover with the funder directly on a set rate depending on your finance product.

Personal Guarantee Insurance can cover a multiple finance products. The level of cover provided depends on whether the finance product is secured or unsecured shown below.

Secured finance:

  • Secured insurance available up to £400,000
  • Cover is based on a fixed percentage of 80% year one and thereafter
  • Secured debt includes
    • Asset finance
    • Buy to let mortgages
    • Commercial mortgages

Unsecured finance

  • Unsecured insurance available up to £300,000
  • Cover is based on:
    • 60% year one
    • 70% year two
    • 80% year three and thereafter
  • Unsecured finance includes:
    • Business loans
    • Invoice finance
    • Trade finance
    • Overdrafts


  • A maximum coverage of £400,000 for secured finance and £300,000 for unsecured finance,
  • Unlimited access to the Business Support Service, offering invaluable assistance during financial challenges,
  • Coverage for multiple Directors under one Policy at no additional cost if the PG is signed ‘jointly and severally,
  • Inclusion of multiple guarantees under one Policy.

The company pays for it, not you!

Typically, the PGI premium is paid for by the business, since the original loan that the PG is attached to was for business purposes.  The Director can then add the premium to the P11D.

Guarantee Products // Personal Guarantee // Buy to Let Personal Guarantee

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Reasons you may need PGI

  • Its Free To Get A Quote

    It won’t cost you anything other than a short amount of time to get quote for personal guarantee insurance. The application take a matter of minutes…

    Apply Now
  • The Policy is backed by an A rated insurer

    An A-rated Markel company with nearly 100 years trading history in 17 different countries globally. Purbeck Insurance are a cut above the rest!

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  • Ongoing Support

    An essential aspect of PGI is its provision of unrestricted entry to a Business Support Service for Policyholders. Businesses may encounter various financial challenges, including unforeseen ones (consider the impact of events like Covid!). With PGI, you can consistently tap into a support service staffed by professionals who are readily available to assist you in navigating through these difficulties.

    Apply Now
  • Peace of Mind

    Why do we choose to insure anything? It’s about ensuring that, in the face of adversity, we’ll be able to handle it. Particularly when dealing with something as significant as a Personal Guarantee, the peace of mind it provides is truly invaluable, and its worth cannot be understated.

    Apply Now
  • Cover several guarantees at once too

    Cover multiple guarantees on one policy to add further peace of mind!

    Apply Now
  • Cover up to five Directors on one Policy at no extra cost

    Often guarantees are requested from multiple directors. Cover multiple guarantees are no extra cost.

    Apply Now


Charmaine McEwanCharmaine McEwan
14:08 14 Jun 23
We can not thank Ruth enough for everything she has done for our company the time Ruth has spent with us finding the right finance for us and is always at the end of the phone to answer any questions our experience with Ruth has always been straightforward and very quick and professional we wouldn’t use anyone else for all our company’s finance needs. Charmaine
Cheryl PughCheryl Pugh
13:27 14 Jun 23
Amica Finance have completed on numerous purchases for us and each time, they have talked through all options and always sought the very best deals. We will continue to use for future purchases.
17:58 20 Apr 23
Great service from Ruth at Amica. She helped me get the finance for my new van this week which I urgently needed before the weekend. Ruth said no problem, and to her word had the finance sorted at a great rate and paid to the dealer within in couple of days. Very happy with the service and will be using Amica again to finance van purchases and equipment. Thanks Ruth.
Jason BaughanJason Baughan
14:55 01 Dec 22
We at A&C Maintenance have used Amica for the purchase of our new machine and they have been excellent throughout. They kept us well informed and sorted out the finance quickly and efficiently for us. We will be purchasing further machinery next year and will definitely use this company again. Many thanks again to Ruth and the team.
hazell nixonhazell nixon
14:08 29 Nov 22
Very quick & friendly service, process was quick. Jon and the team kept me updated and explained the process excellently. Very happy and a great service from start to finish!I definitely recommend
Deborah MaddoxDeborah Maddox
09:14 01 Sep 22
Excellent service provided for assisting with arranging the finance for purchasing our new car and obtaining a great deal on the finance. Kept informed during the process from start to finish. Would highly recommend
David GatesDavid Gates
13:30 26 Aug 22
Great people to deal with, the trailer was exactly as described when I went to view it. Easy transaction and all the paperwork needed was supplied. Will definitely deal with Jon and George again
Charlotte Anne StormCharlotte Anne Storm
06:59 05 Aug 22
I cannot recommend Amica enough! 5 star service from a 5 star team! You can tell the customer is important to them and they pride themselves on getting you what you want and need, within your budget and time frame.I dealt with Ruth & her team and let me tell you, what a treat! They took most of my information from the company I was financing the product from, called me to check a few details (only once, they were thorough and made sure they knew everything they needed before there call), I then got a few options for my terms etc on email, I read them, picked one and then next thing I knew I had my new equipment on the way! I've worked in finance & I have several finance agreements and I have to say this was the most seamless, stress-free, professional, friendly experience I've ever had! Will definitely be back when I need my next item.Ruth followed up with a call about 2 weeks after my equipment had arrived to make sure everything had gone smoothly with the other company and we were still happy. (before our deadline to change our mind) & the team sent us cake as a thank you!CharMacc Scrap Metals.
Sarah MarshallSarah Marshall
05:23 15 May 22
Ruth couldn’t do enough for us. She made the full process simple and easy. Great communication and nothing was too much. We even received a little gift in the post after purchase was complete! Would 100% recommend!
Cameron McErleanCameron McErlean
17:05 22 Apr 22
Amica Finance was recommended to me by Leisure Displays Ltd and I’m definitely glad i took their advice. Matt Coxon was great from the start. Every question was answered quickly and clearly. The whole process could not have been easier and from talking to Matt to picking up my new car has taken just 1 week. Very impressed. Thanks

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