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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31300
Experience:  Over 5 years in practice
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I am planning to take out Personal Guarantee Insurance with

Customer Question

I am planning to take out Personal Guarantee Insurance with a company call PGI Cover. It will be for £400,000 and in the first year I can only get paid half the amount claimed, so £200,000. However they tell me that if my fellow director takes out similar insurance then each of us will be paid half thereby covering the whole liability. Is this correct (our PG's are jointly and severally).
Submitted: 1 year ago.
Category: Law
Expert:  Ash replied 1 year ago.
Hello my name is ***** ***** I will help you with this.Do you have this in writing please?Alex