3% of total debt load (per year) if non-software, 4% if software/SaaS

Has this product become available in US yet?

^[redacted]‌ PG insurance is not currently offered in the U.S. One insurance company previously underwrote this type of coverage, but exited the market many years ago. There are 2-3 PG insurers in the UK, but they have no interest in underwriting U.S. policies per my conversations with them a couple years ago.

Probably the underwriting risk doesn't make sense.

PG insurance is non-existent in the US but hope I am wrong. Been searching for one and been often told it's been discontinued for years.

I haven't heard of it, but I do recall a situation from 35 years ago where the principal of a company that acquired a company I was working for personally guaranteed the senior loan used to finance the transaction. He got 10% of the loan amount per year, but it was not an arm's length transaction and might have been constructed for tax purposes.

It 100% existed in[redacted]timeframe when I was searching. Had not heard of it since. I was always curious if it still existed. Sounded like it does not.

i have not tried this.

It only exists in the UK now. I know of one company that does it that was planning to bring it to the US this year, but COVID. My guess is late this year or 2022

Also interested

Tagging a few Searchfunders that have commented on Personal Guarantee Insurance that might be able to comment here :

^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]‌, ^[redacted]

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‌
With Best Wishes, ^[redacted]‌

^[redacted]‌ Appears as though this is not currently offered in the US, but interesting nonetheless.

^[redacted]‌ is the expert on this. He has responded above already. The short answer is that none currently exists in the US, but the longer answer is that some people are working to try and bring it back.