Webinar – Understanding E&O Liability Insurance
| Title: | Expert Series – E&O Insurance |
|---|---|
| Location: | Delivered in an interactive Zoom environment |
| Start date: | 07 May, 2025 |
| Cost: | $0.00 for members |
Expert Series – Understanding E&O Liability Insurance
Presented by CMBA-BC & MBIBC
Wednesday, May 7th, 2025, at 9:30AM
FREE For CMBA-BC Members
Understanding E&O Liability Insurance: The Top Risks for Mortgage Brokers in 2025
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. Here’s 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;
- The role of Cyber Insurance in protecting your firm (Note: Some tips may be included, but dedicated sessions with CMBA-BC will follow on cybersecurity in the future);
- And more!
SPEAKER
Derrick Leue
Derrick Leue is the President and CEO of PROLINK—Canada’s Insurance Connection, an independent insurance brokerage established in 1982. PROLINK offers tailor-made risk management and insurance solutions to Professional Associations, Canadian businesses, and individuals and has served the Mortgage industry for over 20 years.
Derrick is a registered insurance broker with an Honors degree in commerce from McMaster University and has been with PROLINK for 19 years. As the official Affinity Partner for Commercial and Personal Insurance for the Canadian Mortgage Brokers Association – British Columbia, Derrick and his team have been assisting CMBA BC members with their Errors & Omissions Liability, D&O Liability and Cyber insurance needs for over 12 years.
HOST
Jeff Brown
Jeff has been in the banking industry for over 33 years. Jeff has spent the majority of the last 15 years with FCT. Jeff has also worked with RBC, BMO, CWB and Coastal Community Credit Union in a variety of sales and leadership positions. Jeff has played a key role in providing education on the value of title insurance across Western Canada.
Jeff has spent time on boards of the United Way and Football Nanaimo working closely with community partners.
Jeff spends his down time with his family supporting local soccer and football leagues as well as playing in ball hockey leagues throughout the year. He is an avid Boston Bruins and Las Vegas Raiders fan, following them both for almost 40 years!
Support the growth and success of mortgage professionals by sponsoring our educational events! Showcase your brand while empowering brokers with the tools and knowledge they need to thrive. Partner with us to make a lasting impact on the industry. Let’s collaborate—secure your sponsorship today!
What our past attendees have to say about the Expert Series Webinars
Excellent, extremely valuable, and pertinent in today’s climate.
All of the speakers and the content was useful and educational!
Important information learned from the Q and A session.