Your personal financial guarantees
can now be insured

Personal Guarantee Insurance (PGI) is an annual insurance policy that protects the
Guarantor in the event there is a formal call by a lender on a Personal Guarantee

Brought to you by Insured Creativity Pty Limited.

Insurance Recreated.

Personal Guarantee Insurance provides peace of mind for a Company Director, a Business Partner or an Individual where a Financial institution requires that they sign a Personal Guarantee in support of Business Finance.
The insurance covers the Guarantors personal assets should the financier call upon the Personal Guarantee.

How it works
  • Each PGI case is individually underwritten.
  • Can include multiple guarantees on a policy if a client has two or more guarantees in place.
  • Where the Personal Guarantee has been signed by two or more Directors, Business Partners or Individuals, "jointly & severally" we can include additional Company Directors, Business Partners or Individuals onto the policy.
  • Personal Guarantee Insurance is available for historical/legacy Personal Guarantees.
  • In the event of a possible claim an administrator may be appointed to deal with your company to repay the creditors including the lender.
  • The premiums on the annual policy are based on a fixed percentage of the insured amount per annum.
Basic Criteria
Personal Guarantee insurance is available for Personal Guarantees provided by Company Directors, Business Partners and other Individuals who have or will be required to sign a Personal Guarantee.
Types of loan facilities
Personal Guarantee Insurance is available for Personal Guarantees provided against a wide range of business loans.
Secured loans
A secured loan is where the Lender has taken a charge over company assets or has a contractual right of recover over a company asset that funds have been lent against in addition to the Personal Guarantee.

Secured loans include:
  • Asset Finance
  • Commercial Mortgages
  • Invoice Finance
  • Other secured loans
  • Overdrafts
Unsecured loans
An unsecured loan is where the Personal Guarantee and any associated charges over personal assets are the only security the Lender has taken.

Unsecured loans include:
  • Credit cards
  • Peer to peer loans
  • Short-term working capital loans
  • Other unsecured loans
Scope of cover    
  Secured loans Unsecured loans
Policy term: Annual policy Annual policy
Details of cover: Cover is based on a fixed percentage:
  • Year one and thereafter: 80%
Cover is based on a fixed percentage:
  • Year one: 60%
  • Year two: 70%
  • Year three and thereafter: 80%
Payment terms: Annual or monthly payment options available. Annual or monthly payment options available.
Maximum level of cover: ($AUD) $1,000,000.00
Higher amounts available on application.
Higher amounts available on application.
Access to Business Support Services: Yes Yes
Business Support Services
The Support Desk is staffed by experienced business advisors who are available to help you in order to support any financial issues your business faces.

They are committed to working with you to ensure that your business continues to be successful.

The Business Support Service may help by introducing you to specialists in:
  • Business recovery
  • Cash flow management
  • Credit control management
  • Debt management
  • Financial restricting
  • Invoice disputes

The Business Support Service is available to you always, not just following a Notifiable Event.
  Notifiable Events
We are at your side and here to help. Your business may at any time suffer from any one of a number of financial or trading difficulties.

It is important that we are notified as soon as you become aware of any of these – we call these Notifiable Events.

You need to read your policy carefully to ensure you are aware of all such situations, some examples of Notifiable Events include:
  • County Court Judgements.
  • Inability to repay debts or creditors as they fall due.
  • Unexpected expenditure which cannot be met from available cash resources.
  • Unexpected loss of a major customer.
The annual renewal process is simple and straightforward, enabling you to focus on your business. By renewing your annual Personal Guarantee Insurance policy you will ensure that the cover remains in place across the duration of the financial commitments.

30 days prior to renewal, you will be provided with an email link to retrieve your application. You will be asked to confirm your original application details and apply for renewal.

Please note, renewal of your policy will be subject to your circumstances at that time and the insurance may be subject to periodic change.

More than one Guarantor?
Where the Personal Guarantee has been signed by two or more Directors “jointly & severally” we can include additional Directors on your Policy.
Policy Documentation
You will have the opportunity to review the Product Disclosure prior to purchasing Personal Guarantee Insurance. These documents set out the significant features, exclusion and important information relating to the Policy.
Your full Policy Wording will be emailed to you once you have completed your application and the premium paid.

Multiple Guarantees?
We can include multiple guarantees on your Policy if you have two or more guarantees in place.
Historical/Legacy Personal Guarantees
We can make available subject to underwriting criteria Personal Guarantee Insurance on existing Personal Guarantees.

Personal Guarantee Insurance Australia
Download an Application Form (PDF)

Download the Director/Owner's Personal Statement of Financial Position Form (PDF)

For more information contact us on:

Jeffrey McNally
Managing Director
M: 0410 399 749

Peter Grigg
Principal Distributor
M: 0418 981 567

Office Address: Level 1, 454 Collins Street, Melbourne, Victoria, 3000
Mailing Address: P.O. Box 12100, Middle Camberwell, Victoria, 3124.

Bond Products that are used in Conjunction with the PG Insurance:

Above links open the relevant Product pages on (in a new tab).

Visit us on LinkedIn

Personal Guarantee Insurance Australia is an Insurance Brand of Insured Creativity Pty Ltd.
A.B.N 45 634 757 305    A.F.S.L No 517901

The Insurer of this this product is deemed to be a Foreign Insurer and not Regulated by the Australia Prudential Regulatory Authority (APRA).

What is an Unauthorised Foreign Insurer?
An ‘Unauthorised Foreign Insurer’ is the term generally used for an insurer who carries on a general insurance business outside Australia.
They are able to offer insurance in Australia, however, they are not regulated by the Australian Prudential Regulation Authority (APRA).
They are regulated by the Home Financial Regulator.

Exemptions allowing an Unauthorised Foreign Insurer to accept business in Australia.
The Regulation exemptions impact on an Unauthorised Foreign Insurer conducting insurance business in Australia and to AFS licensees and authorised representatives placing insurance with an Unauthorised Foreign Insurer.
There are four separate categories of exemption, namely:
  • High-value insured.
  • Atypical risk.
  • Insurance contracts required by foreign law.
  • Customised.
The Personal Guarantee Insurance is deemed as Customised category exempt.

Applicable Law
The Policy is governed by the law in force in the Australian State or Territory in which this Policy is issued. All matters arising out of or relating to the construction or operation of the provisions of this Policy shall be submitted to the exclusive jurisdiction of the courts exercising jurisdiction under the law of that State or Territory.

Privacy Policy  |   General Code of Practice  |   Complaints And Dispute Resolution

Site Design by Congo Systems