Clients of the Grimsby, Ontario advisory firm can now insure the personal guarantee behind a business loan, with applications starting at app.pgicover.com
GRIMSBY, ON, Sept. 18, 2026. Robbinex, a business consulting and intermediary firm with more than 500 private business sales completed, and PGicover, the first provider of Personal Guarantee Insurance in Canada, today announced a partnership to give Canadian business owners a way to protect their personal assets when a lender requires a personal guarantee.
Under the partnership, Robbinex will introduce Personal Guarantee Insurance to clients it advises on financing, business acquisition, exit planning and family succession. PGicover arranges the policies, which are underwritten by a regulated insurer, and will provide Robbinex advisors with the education they need to identify the right moment in a transaction for a client to apply. Business owners can begin an application directly at app.pgicover.com.
Partnership details
Robbinex helps owners of private companies secure outside funding by guiding them through Canadian bank lending and finding financing with fewer restrictions than an owner would obtain alone. One restriction rarely goes away: the lender's requirement that the owner personally guarantee the loan.
A personal guarantee is a promise that the owner will personally repay a business debt if the company cannot. It sits outside the corporation, so limited liability does not protect against it. It is typically only enforced after the business has already failed, turning a business loss into a personal one that can reach the family home, savings and retirement assets.
Personal Guarantee Insurance is a policy held by the director who signed the guarantee. If the business enters an insolvency process and the lender enforces the guarantee, the policy reimburses the director for a defined share of what they paid, up to the policy limit, after a deductible. The guarantee itself is unchanged. The lender's rights are unchanged. The policy reimburses the guarantor, not the bank.
Why it matters
Advisors see the same moment on almost every file. The deal is sound, the numbers work, and the owner hesitates at the signature that puts everything they own behind a corporate debt. Until now there was no Canadian insurance product to answer that hesitation. Owners either accepted unlimited personal exposure or walked away from financing that would have grown the business.
The exposure is significant. Loans under the Canada Small Business Financing Program averaged roughly $294,000 in recent years, and those loans generally require personal guarantees. In acquisition and expansion lending, personal exposure commonly falls between $250,000 and $500,000. Canadian business insolvencies rose 28.6 percent in 2024, the sharpest increase in years.
What the partnership delivers
- For Robbinex clients: a regulated insurance option for the personal guarantee at the point in a financing, acquisition or succession where it is signed, with an online application that takes about ten minutes and returns an instant pre-approval.
- For lenders and deal teams: fewer transactions stalled by guarantee resistance, without any change to loan terms or security.
- For PGicover: access to a national network of owners who are actively arranging financing, the exact moment the product is most useful.
Personal Guarantee Insurance is available to directors of private companies incorporated in Canada, outside Quebec, who have signed or are about to sign a personal guarantee of at least $50,000 in support of a business loan. Guarantees up to $1,000,000 are considered, and startups are eligible. Coverage is claims-made: it applies only to claims made and reported while the policy is active and premiums are paid in full. The policy does not prevent default, insolvency or business failure. It caps what a failure costs the owner personally.
Statements
PGicover said Robbinex advisors sit across the table from business owners at the moment the personal guarantee lands, and that this partnership puts a genuine risk transfer tool in front of those owners for the first time in Canada. The company added that the partnership changes nothing about the loan or the lender's position. It changes what happens to the owner's family if things go wrong.
How to get started
Business owners can apply online at app.pgicover.com. The application asks for basic details about the company, the loan and the guarantee, and may request a loan document or recent financial statements. A firm quote follows underwriting. Owners working with Robbinex on a financing, succession or acquisition file should mention it so their advisor can flag the right point in the deal to apply.
Accountants, brokers and advisors who would like their own tracked link can sign up as a PGicover partner at app.pgicover.com/partner/signup. The link is the first thing you see once you are in.
Before signing any guarantee, owners may also find it useful to review the PGicover checklist of questions to ask before you close.
About Robbinex
Robbinex is a business consulting and intermediary firm based in Grimsby, Ontario, with international reach through its M&A Worldwide affiliation. The firm advises owners of private companies on financing, valuation, exit planning, family succession, strategic alliances and the sale of a business, and has completed more than 500 strategic business sales. Learn more at robbinex.com.
About PGicover
PGicover offers Personal Guarantee Insurance to Canadian business owners and is the first provider of the product in Canada. Policies are underwritten by a regulated insurer and administered by a specialist personal guarantee insurance team. PGicover is a brand of PGI Canada Ltd. Visit pgicover.com or apply at app.pgicover.com.
Further information
For media enquiries, partnership questions or anything else, reach PGicover through the contact page at pgicover.com/contact.