Welcome To Ratae PGI Ltd

Ratae PGI Ltd is a privately owned company, established in 2013, with our head office in Eastbourne, East Sussex. We provide Personal Guarantee Insurance solutions to firms all over the UK.

In 2014 we launched our innovative Personal Guarantee Insurance product, which we believe to be one of the most revolutionary products on the market.

About Us

We used the knowledge and expertise we gained to develop solutions that meet the changing needs of the SME. The overwhelming request from clients was for a product that helped protect against Personal Guarantees required by lending institutions. SME's also looking for a ‘one stop shop', a product from a trusted provider that met the requirements of not just their asset protection, but cover for all their general business needs.
This led to the development of Ratae PGI Ltd. An Insurance provider for the whole range of disciplines SME's undertake or just for one particular need. Whichever products you require, the benefits are reassuringly the same – matters are handled more efficiently throughout, from sending quotes to claims handling, business assistance and consultation.

Our Clients

Our clients range from small limited companies to multi site firms, so whatever your shape or size you can be sure that we have the knowledge and experience to deliver the results you are looking for through our integrated online solution; be that reduced operational risk, or increased efficiency and improved profitability. All of our products have been developed in-house by our specialist team of legal and financially qualified developers here in the UK and we were the first to introduce online “quote and buy" Personal Guarantee Insurance, with SMS and Email updates, seamless purchasing process, monthly checks and pay online transaction business model. We are Appointed Representatives of Professional Insurance Agents Ltd, authorized and regulated by the Financial Conduct Authority.

PGI Cover

PGI provides insurance for individuals (usually Directors) who have given a Personal Guarantee to a lender in respect of the borrowings of his limited company in the event that when called in the company is unable to repay the whole of the borrowings and the guarantee is called upon.

This PGI product has been brought to market by Steve Thatcher a qualified solicitor specialising in insolvency and David Chappell an accountant and insolvency expert.

The product came about as a result of the experience Steve and David found on a daily basis when dealing with insolvent businesses. They thought that if they could find a mechanism which would oblige a company to call them in sufficient time prior to getting a call to come and help close the company, then perhaps the company could be turned around and saved.

Steve and David had also noted the trend now for taking personal guarantees from directors for all lending given to a company by a financial institution. It is obvious why a lender would want to take this measure, but it inevitably leaves a director (and perhaps the debtor's family) personally exposed if his or her limited company fails.

How It Works

The guarantor is protected in the event of the company failing to pay back it's lender in full. Cover starts at 50% for each guarantor of the amount of the guarantee in year 1, up to 90% in year 5 and subsequent years.

Why Is Personal Guarantee Insurance Unique?

The PGI is the first of its kind to provide protection and advice at the same time. The policy can be purchased at anytime either for an existing guarantee or as finance is taken out.