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Many business owners are familiar with experiencing sleepless nights worrying about their company finances.

Research carried out by Instaprint revealed that more than ten per cent of small business owners are so concerned about ensuring the success of their firm that they get less than four hours sleep each night. (1)

Bespoke Risk Solutions have launched a new product with Purbeck Insurance Services;Personal Guarantee Insurance that could help Company Directors sleep easier at night. The insurance policy protects the Director in the event there is a call on their personal guarantee by a lender following the failure of their company. The policy gives them some security and peace of mind.

Peter Collins (Managing Director, BRS) commented, “With the effects and the uncertainty of Brexit more Company Directors are being asked to provide personal guarantees in order to apply for finance, however, with every personal guarantee comes risk. Company Directors (in particular start-ups) need to be aware of the implications, some do not realise that the  guarantee they have provided could have a major implication on their own finances and in some cases they could lose their homes.”

What are personal guarantees?
Personal guarantees are agreements that legally bind a company director to take a certain level of financial responsibility for his or her company’s debts in the event that they cannot be paid back by the business itself. However, in the unfortunate event the business becomes insolvent, the lender will take whatever action they can to recover their investments and the Directors that have given guarantees are the obvious choice as they have a legal contract. The lender will look to recover any shortfalls from their initial investment.

What can Personal Guarantee insurance offer?
This insurance offers protection for Company Directors from a loan being called from the failure of their company to which they have provided a personal guarantee.

The level of cover increases gradually over a period, up to 80% of the liability by year three.

Do you  have Directors as clients?

It could be argued that where professional advisers, including Accountants, Solicitors or IFA‘s, fail to advise their clients of the existence of such cover, they could be exposing themselves to claims in the event of a Director’s loan guarantee being called in, and whether their advice did reflect the risk that the Directors faced.

The policy can facilitate other investments by the Directors, as advisers can remove some of the risk from the Directors financial position if the Director has the policy.

Why should I use Bespoke Risk Solutions?

BRS has carved out a niche in the insurance sector providing tailor-made risk and insurance products as well as review services for SME businesses and their advisors. An A-rated leading insurer underwrites the BRS Personal Guarantee Insurance facility. Full details are available on the BRS website

To apply please click here.





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Bespoke Risk Solutions Limited are an Appointed Representative of Leisureworld (GB) Ltd who are authorised and regulated by the Financial Conduct Authority (Financial Services Register No. 749920) You can check these details by visiting

Bespoke Risk Solutions Ltd are registered in England and Wales No. 07292153.  Registered office:  Victoria House, 50 Alexandra Street, Southend-On-Sea, England, SS1 1BN

Leisureworld (GB) Ltd are registered in England & Wales No. 02663024.  Registered office: 1422/24 London Road, Leigh On Sea, Essex, SS9 2UL.