Asterisk Financial Inc. Announces Notification of Patent Grant for its Personal Guarantee Insurance

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Patent grant issued to Asterisk for its proprietary underwriting processes for PGI.

Asterisk Financial, Inc., creators of Personal Guarantee Insurance™ (PGI), announced today it has been notified by the U.S. Patent and Trademark Office of the grant of a patent for its underwriting system for PGI.

The patent, filed in March 2009, covers Asterisk Financial’s proprietary underwriting process which evaluates the risk characteristics of the borrower or guarantor, the loan and the variable risk features of the policy.

For many small and medium-sized business owners and investors, the personal guarantee is a fact of life. It requires them to put up personal assets such as a home and bank account as a condition of loan approval. Those who sign one experience the financial and emotional stress that comes with risking the loss of personal assets should the loan go into default. Asterisk Financial developed PGI to provide guarantors with the first and only insurance policy to protect their personal assets in this difficult scenario.

“The grant of a patent for our proprietary underwriting system recognizes our innovative approach, which helps business owners mitigate the risks associated with commercial loan guarantees,” said Mark Ricciardelli, President and CEO of Asterisk Financial. “We will continue to develop and extend this coverage, providing small business owners with peace of mind while making it easier for more of them to seek additional financing for expansion or working capital needs.”

PGI is an admitted product and is currently available from insurance agencies in 38 states and the District of Columbia; Asterisk Financial expects it to be available nationwide by early 2012. Interested agencies should contact their wholesaler. More information is available at

About Asterisk Financial
For more information on Asterisk Financial, please visit You can follow us on Twitter @AsteriskPGI.


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Wendy Marx
Marx Communications
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