Errors & Omission
As a member of the CMBA-BC, you can take advantage of the exclusive Errors & Omissions (“E&O”) Insurance Program.
CMBA-BC and PROLINK Insurance Group Inc. have partnered to develop an E&O insurance policy customized for brokerages licensed in BC. Brokerages licensed in provinces with mandatory E&O requirements will also be able to purchase an E&O policy that is approved by the different provincial regulatory bodies.
PROLINK Insurance Group Inc. has been serving mortgage brokers and mortgage lenders for over 10 years. The firm understands the risks and exposures facing brokerages and the importance of private lending to the industry.
Protection for Private Mortgage Lenders
Mortgage Investment Corporations and Mortgage Syndicators have unique insurance requirements to protect their portfolios, investors and board members. PROLINK Insurance Group Inc. has developed a customized program including the following types of protection:
- D&O Liability including coverage for investor claims alleging poor performance;
- Mortgage Impairment providing protection for property losses sustained by the portfolio; and
- Financial Institution Bonds for MIC Managers licensed as Exempt Market Dealers in other provincial jurisdictions.
Click here to learn more about this offering as well as PROLINK’s Insurance Group Inc. experience serving the Mortgage Broker industry.