We are currently the only underwriters of Personal Guarantee Insurance in the UK. Several others have made interesting noises about entering the market but with current levels of uncertainty over Brexit they have so far been reluctant to dip their toe in the water.
Being the only insurer in the market makes for a greater sense of responsibility. For many company Directors this may be the first time they have been asked to provide a personal guarantee and they are reluctant to commit without insurance. For those that are married this may be the first time their spouse has had to obtain independent legal advice. As you can imagine, the knowledge that all of their personal assets are being exposed upon a single signature can also reduce their desire to commit to the finance they need to grow.