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Protect Your Client’s Personal Assets with PGI
As a producer, you are accustomed to assisting your business clients in protecting their business. Now, help them protect what’s most precious to them, their personal assets.
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 business fails and a lender demands personal assets for full repayment of an outstanding business loan, the policy will cover 30% to 70% of the insured’s personal liability, depending on the coverage purchased and the terms of the policy.