Understanding E&O Liability Insurance

We all hoped 2025 would bring stability within the real estate market, but instead, new challenges continue to emerge. From market volatility and increasing litigation to evolving regulations, external pressures are intensifying. Mortgage brokers oversight is becoming harder, and cyber threats are constant. And now, BCFSA has mandated E&O Liability Insurance requirements for all brokerages in BC. As these issues unfold, will your firm be equipped to handle them? How can you incorporate insurance as part of your risk management strategy? CMBA-BC has partnered with PROLINK for an exclusive webinar to break down E&O Insurance—how it’ll impact brokerages, some of the top risks guaranteed to impact your firm, and how you can safeguard your operations. What you’ll learn:

• What’s driving claims for Mortgage Brokers and how they’re evolving;
• An overview of the E&O Liability Insurance marketplace in BC—current trends, pricing, and availability;
• Lessons from other provinces—policy pricing implications and claims trends after E&O Liability became mandatory;
• How brokerages without insurance can prepare for the upcoming requirements;
• Insurance-focused risk management strategies, from proactive policies to effective oversight.