Personal Guarantee Insurance

Singapore Personal Guarantee Insurance

Personal Guarantee

Personal Guarantee Insurance

Signing a personal guarantee or to be a personal guarantor for your business, is a norm for
businesses when applying for commercial loan or some bank facilities. Needless to say, this is
part of business when you need funds for business expansion, purchase of assets, as working
capital and a whole lot of other business requirements. Personal guarantee is unavoidable in
some situations, but do you really know what you are getting into when you sign as the personal
guarantor with the banks?

Do you have answers to the following questions?

  • What is your risk tolerance?
  • Do you know how to negotiate the terms of personal guarantee with the bank?
  • Have you set limits on your personal guarantee?
  • Will your family be pulled into this as a result of you being the personal guarantor?
  • And a whole lot of other very important questions.

There is a solution that is available for you to protect yourself and your family to mitigate some
of the risk of being the personal guarantor for your business.

If you need more clarification and consultation on how a Personal Guarantee Insurance will benefit your business in Singapore, please feel free to contact us.

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