If you’ve ever advised a business owner who had signed a personal guarantee, you may have seen the stress and uncertainty endured by someone facing personal financial ruin should his or her business loan go into default. The founders of Asterisk know from personal experience what it’s like to be a guarantor in this difficult situation, and can now provide a much-needed solution.
Personal Guarantee Insurance™ will cover up to 70% of the insured's payment from personal assets, depending on the coverage purchased and the terms of the policy, after the proceeds from the liquidation of the business asstes have been applied. Thanks to Personal Guarantee Insurance, these guarantors now can preserve their personal assets and continue the pursuit of success.
How Personal Guarantee Insurance Can Help You
Personal Guarantee Insurance can help your clients succeed and prosper. It is designed to help the owners of small and medium-sized businesses manage risk, preserve their personal assets and enjoy some relief from the emotional stress of having given a personal guarantee.
By making clients aware of this unique and valuable product, you can earn greater trust and strengthen customer relationships.