Personal Guarantee Insurance

Insure your personal guarantee

Most business loans put your personal assets on the line. Personal Guarantee Insurance lets you buy a defined insurance limit if your guarantee is ever enforced.

Get a quote See what PGI covers
Markel, rated A by AM Best Built for Canada Regulated insurance product
Coverage for the guarantees you sign
CSBFP loans Acquisition financing Lines of credit Equipment finance
What is at stake

A personal guarantee puts everything you built outside the business on the line

Sign one, and the lender can look past the company to you personally if the loan is not repaid.

Your home

Often the largest asset a lender can pursue after a default.

Your savings

Personal accounts and investments held outside the business.

Future income

Judgments can follow you for years after the business closes.

What PGI covers

covers up to 80% of your guarantee obligation

One clear policy that tracks your loan for as long as the guarantee stands.

$1,000,000
Maximum coverage
Per personal guarantee
80%
Of your obligation covered
You retain the remaining 20%
A
AM Best carrier rating
Excellent financial strength
01
Coverage
Up to $1,000,000 per guarantee

A single policy can cover the full personal guarantee on business loans up to seven figures. Higher limits are available on referral for larger facilities.

02
Retention
80 / 20 split

You keep a 20% share of the obligation so incentives stay aligned with your lender. PGI covers the remaining 80% once a demand is validated.

03
Term
One-year, claims-made

Cover is written for twelve months on a claims-made basis and renews each year for the full life of your loan, with no re-underwriting surprises at renewal.

04
Payout
Paid on a formal demand

When your lender issues a formal written demand, our carrier pays directly. There is no subrogation pursued against you personally after a claim is settled.

A team behind the policy, not just a payout

Every policy includes our Demand Response Service at no extra cost. When a lender calls your guarantee, we step in with restructuring guidance, covenant reset support and managed sale options, before a claim fully develops.

How claims are handled
Who it is for

Built for the people who carry the risk, and those who advise them

Business owners

You signed to get the loan. Now your home and savings back a business debt. PGI caps a portion of what you may personally owe.

What PGI covers
Lenders

The guarantee stays enforceable, and borrowers sign faster when they know a safety net exists. Fewer stalled deals.

For lenders
Brokers & advisors

A new conversation for your clients, and a new reason for them to call you first. Referral partnerships available.

Partner with PGicover
How it works

Four clear steps, from question to cover

01
Get Prequalified

Answer a few questions about your loan and business. We assess eligibility in minutes. Creditsafe may be used to assess your company's credit score, but we ultimately rely on the work of our underwriters.

02
Review your offer

See coverage, retention and premium in plain terms. No jargon, no hidden exclusions, nothing to decode.

03
Bind and pay monthly

Accept, and your one-year policy is in force. Premiums are paid monthly and the policy renews for the life of your loan.

04
If the guarantee is called

File a claim on a formal demand. Our Demand Response team engages first, then the carrier pays directly.

Backed by strength

When a claim is filed, there is real money behind it

PGI policies are underwritten by the Canadian Branch of Markel International Insurance Company Limited, rated A (Excellent) by AM Best.

  • Coverage up to $1,000,000 per personal guarantee
  • One-year renewable policies on a claims-made basis
  • Underwritten by a carrier rated A (Excellent) by AM Best
  • Demand Response Service included on every policy
$1M
Coverage ceiling
80%
Covered
A
AM Best rating
24h
Demand response
Questions

Clear answers before you commit

Still unsure? Talk to Max, our specialist, for a plain-language walk-through.

Up to 80% of the personal payment obligation you owe if a lender formally enforces your guarantee. You retain the remaining 20%.
SBA 7(a), CSBFP, acquisition financing, lines of credit, equipment finance and commercial real estate, any business loan where you have signed a personal guarantee.
No. The guarantee stays fully enforceable. PGI sits behind it, protecting you personally without changing the lender's position.
A one-year, claims-made policy paid monthly. It renews annually for as long as the guarantee stands.
The Canadian Branch of Markel International Insurance Company Limited, rated A (Excellent) by AM Best.
Getting started

See where you stand in minutes. No personal info required

A short, no-obligation assessment of your eligibility and likely terms. No pressure to proceed.

Get started Ask Max