Smart operators cap their downside.
Get coverage fast—without paperwork. Coverage subject to underwriting and policy terms.
The PGI Process
Submit Your Information
Provide details about the loan, the personal guarantee amount, your business financials, your NAICS code, and your personal credit profile. The application takes about 10 minutes. No paperwork to mail, no forms to fax. Learn how we underwrite.
Receive Your Quote
Our underwriting engine evaluates your application and returns an indicative premium quote. You'll see the premium and key coverage terms, subject to underwriting and final policy issuance.
Review and Bind Coverage
Review your policy terms, coverage limits, and premium. When ready, you can bind coverage digitally where available. Policy issuance timing varies. Coverage applies only as stated in the policy and only during an active policy period with premiums paid in full.
Manage Your Policy
Access your policy documents, track coverage status, and manage renewals through your dashboard. If you ever need to file a claim, the process is clear and straightforward. Support is available when you need it.
Why Do I Need This Coverage?
When you sign a personal guarantee, you're putting personal wealth on the line—potentially including your home equity, savings, and other personal assets. If your business can't repay the loan, the lender may pursue your personal assets to satisfy the debt.
Most business owners don't fully appreciate this risk until it's too late. They sign guarantees because it's "just part of the deal" without considering what happens if things don't go as planned.
Consider this: You wouldn't operate a business without liability insurance. You wouldn't drive without auto insurance. Why would you sign a personal guarantee without protection?
PGI converts an open-ended personal liability into a defined, manageable cost. Instead of hoping nothing goes wrong, you have a policy that responds when things do. That's not pessimism—that's the same disciplined risk management that makes you a good operator.
What Does PGI Cover?
If a personal guarantee is enforced and you incur a covered personal payment obligation, PGI may reimburse a covered portion—subject to underwriting and the policy's terms, conditions, and limits. Coverage is claims-made and applies only to claims made and reported during an active policy period with premiums paid in full, as stated in the policy.
PGI may cover personal guarantees supporting many forms of business financing—subject to underwriting and jurisdiction—including:
- Term loans and lines of credit - Traditional bank financing
- Equipment financing - Machinery, vehicles, technology
- Commercial real estate loans - Property acquisition
- Acquisition financing - M&A and business purchases
- Certain SBA-related loans - 7(a), 504, and microloans
PGI is not affiliated with or endorsed by the U.S. Small Business Administration.
Policyholders typically retain some exposure. The policy may reimburse a defined portion, subject to policy terms, conditions, and limits.