PGicover Launches Personal Guarantee Insurance for Canadian Business Loans
PGI Canada Ltd., in partnership with Purbeck Insurance Services and Markel International Insurance Company Limited (Canadian Branch), today announced the launch of PGicover, Personal Guarantee Insurance, for Canadian business owners entering into loan agreements.
PGicover is designed to help business owners better understand and manage the personal financial exposure associated with personal guarantees, which are commonly required by lenders as part of commercial financing arrangements.
The product builds on the established partnership between Purbeck Insurance Services and Markel International, which has offered Personal Guarantee Insurance to business owners across the United Kingdom since 2017 and provides the foundation for PGicover in the Canadian market, distributed by PGI Canada Ltd.
The platform incorporates AI-assisted document review to support a streamlined eligibility process, helping applicants better understand their potential personal liability before signing loan documents or completing a transaction.
