It is April 30, 2026. With interest rates staying high (Article #635), many LLC owners are becoming nervous about the Personal Guarantees (PGs) attached to their business loans.
- The Solution: “PG Insurance” is becoming a standard requirement for prudent owners. It covers a portion of the personal liability if the business defaults.
- Tax Treatment: Premiums for this insurance are typically deductible for the LLC as a business expense.
- The Shark Insight: “An LLC is supposed to be a shield. If you signed a personal guarantee, you’ve poked a hole in that shield. PG Insurance is how you patch that hole in 2026. It’s the cost of sleeping through the night.”