Business Owner Indemnity Insurance (BOII)

What is GELDO BOII?

When a business borrows money, lenders typically require the owner to sign a personal guarantee. That guarantee puts personal assets — savings, a home, other investments — behind the business debt. GELDO Business Owner Indemnity Insurance (GELDO BOII^TM) is designed to respond to that guaranteed obligation, reducing the personal financial consequences for the owner if the business is unable to repay.

GELDO BOII policies will be available through GELDO, Inc. ("GELDO"), a licensed insurance managing general agent in select states across the U.S. Policies are anticipated to be available Q4 of 2026. If you would like to connect with you about coverage availability and options, click here.

How it works

GELDO Business Owner Indemnity Insurance (BOII) is a business-held surplus lines insurance product that protects individuals who have signed a personal guarantee on a small business or commercial loan. If the business defaults and its assets are liquidated, then GELDO BOII can potentially limit the liability of the guarantors of the business loan. The product does not protect against a loan default or business insolvency. GELDO BOII can reduce the personal financial exposure that often limits small and medium-sized business owners’ ability to secure or confidently use business acquisition or growth capital.