Finance is a critical element when starting a new business, to secure working capital or to enable expansion. Financial institutions often require business owners to provide personal suretyship for these facilities. The result being, if your business does not meet its obligations, it could compromise your personal estate. In addition, if the guarantor dies or becomes disabled, it could affect the credit rating of the business and the financial institution could call up a facility. To secure your liabilities, your business can get contingent liability cover. It will give you sufficient funds to repay the outstanding balance of a debt if the guarantor dies or becomes disabled. This improves the business’s financial position and frees the guarantor’s personal estate from possible liability.