How does my client benefit from Personal Guarantee Insurance™?
For clients who have signed a personal guarantee, Personal Guarantee Insurance™ (PGI) provides relief from the financial and emotional hardship that can result from offering personal assets as collateral for a commercial loan. In cases where a loan defaults and the lender has to seize personal assets for full repayment, the policy will cover 50% of the insured’s personal liability, subject to the terms and conditions of the policy.
