Insurance Business Canada has covered the Canadian launch of Personal Guarantee Insurance and the demand it saw in the first week.
A personal guarantee usually draws little attention when a business loan closes. Owners sign it and move on to running the business. Insurance Business Canada's coverage of the Canadian launch found hundreds of owners taking a closer look at that clause within days, with the strongest interest coming from owners already refinancing a loan rather than signing a guarantee for the first time.
That pattern is worth noting. Most business owners carry more personal exposure on a guarantee than they assume, often tied to a house, savings, or other family assets. If you have signed one, or are about to, it is worth understanding what it actually puts at risk.
Read the full article at Insurance Business Canada.
Sources and References
- Insurance Business Canada. Canadian business owners can now insure a personal guarantee: early demand shows exposure. 2026. Insurance Business Canada.