Abstract City Lights


Protecting your future...

Safeguarding your most valued personal assets.



When raising finance to fund a law firm’s operations and growth, the firm’s owners are often required to grant security to the lender in the form of personal guarantees. This means that if the firm fails to generate sufficient revenue to repay the loan (or worse, the firm fails), the lender could pursue each owner in their individual capacity to recover the debt. In other words, by signing a personal guarantee, the owners are placing their personal assets at risk, including their homes.

In most cases, signing a personal guarantee is an unavoidable step towards securing business finance. However, there now exist a range of insurance products designed to protect owners’ personal assets if the firm’s financial stability ever faltered.

Personal Guarantee Insurance

Personal Guarantee Insurance is an annual insurance policy that provides guarantors (typically a firm’s owners) with cover in the event that the firm’s lender calls on its personal guarantee following a firm defaulting on its debt obligations. We can help you to access, evaluate and implement Personal Guarantee Insurance that aligns with your firm’s financial circumstances and your personal attitude to risk. This includes:


  1. Unlimited access to Business Support Services; a group of specialist advisors who are at your side should your business need support

  2. Full quotation in minutes using our online quote and buy system or via telephone with one of our specialist advisors

  3. Insurance policy insured by Markel International, an A-rated leading insurer

  • Securing viable insurance policies: including accessing competitive premiums from a leadimng specialist provider, helping to present your firm in the best possible light to insurers, then handling the paperwork required to secure insurance with an A-rated leading insurer.

  • Sourcing cover for commercial loans: including cover for personal guarantees given in respect of secured loans (relating to, for example, asset finance, commercial mortgages and invoice finance) and unsecured loans (relating to, for example, credit cards, overdrafts and peer-to-peer loans).

  • Sourcing cover for guarantees: including existing personal guarantees, multiple personal guarantees, and guarantees provided by multiple guarantors

We can give you a full quotation in minutes via our online system, or you can speak directly with one of our specialist advisers via 07785 5030 07



Gemstone Legal Limited does not provide advice or services in this area of insurance and is a registered introducer of Purbeck UK Limited (trading as Purbeck Insurance Services). Purbeck UK Limited is a company registered in England and Wales with company number 10345620 and has its registered office at 20 – 22 Wenlock Road, London, N1 7GU. Purbeck UK Limited is authorised and regulated by the Financial Conduct Authority with Firm Reference Number 756820.

Personal Guarantee Insurance (PGI) can reduce stress levels by providing comfort to individuals that their most valued assets are protected."

Paul McCluskey, Managing Director