Professional indemnity

Mortgage Broker Professional Indemnity Insurance

Mortgage brokers and advisers can face claims when clients allege unsuitable advice, missed affordability issues, delays, documentation errors or financial loss linked to a recommendation.

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Who It Is For

  • Mortgage brokers and advisers
  • Mortgage advice firms
  • Protection and finance advisers where mortgage work is declared

Cover To Review

  • Professional indemnity
  • Regulatory investigation support
  • Cyber and data protection
  • Run-off cover where advice can be challenged later

Underwriting Detail

  • Permissions and advice activities
  • Turnover and fee income
  • Lender panel work and client profile
  • Complaints, claims and file-checking controls

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Mortgage Broker Professional Indemnity Insurance FAQs

Do mortgage brokers need PI insurance?Many mortgage advice businesses need PI because clients rely on their recommendations and lenders or regulators may expect evidence of cover.

Can PI cover unsuitable advice allegations?Subject to policy terms, PI can help defend and settle claims alleging negligent or unsuitable professional advice.

What affects mortgage broker PI pricing?Advice activities, income, claims history, regulatory profile, controls and required limits all affect underwriting.