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Colmore Insurance
As a mortgage broker, you understand the importance of protecting your business and your clients’ interests. That’s why professional indemnity insurance (PI) is essential for your business.
At Colmore, we specialise in providing PI coverage to mortgage brokers. Our policies are tailored to meet the specific needs of your industry and provide comprehensive protection against potential claims of negligence or errors. We have access to the whole of the insurance market as well as exclusive facilities for Professional Services businesses like yourselves.
In all we understand the needs of the Mortgage Intermediary and the necessity to work with Insurers who have the desire to work in the financial markets
Mortgage Brokers PI Insurance includes:
Cover for claims arising from errors, omissions or professional services carried out by you.
· Cover for awards made by the Financial Ombudsman Services.
· Libel, Slander, Defamation
· Breach of data protection
· Loss or damage to clients professional documents – the cost incurred in replacing documents
· Cover for costs incurred for representation at tribunals and hearings.
Arranging cover for Mortgage Brokers requires a specialist broker and with our expertise we can arrange bespoke cover tailored to your organisation. We have access to a wide panel of insurers writing Professional Indemnity insurance for Mortgage Brokers. We also provide valuable claims support assisting our clients in making notifications to their insurers which can be a complex process.
Here at Colmore, we can arrange cover that gives you and your business peace of mind. We’ll give you:
Confidence
We have a team of experts ready to deliver specialist advice. You can be confident that we’re committed to working with leading insurers on your behalf. We’ll arrange appropriate cover – on the best competitive terms.
Expertise
Our team have a wealth of knowledge in arranging insurance for professional services industry. We take time to understand your business to ensure that the insurance programme is suitable for the risks you face.
Service
We’re here for you when you need us – giving advice on your covers and risk and holding your hand through the claims process.
Our relationship with our Mortgage Brokers clients goes beyond arranging the insurance, with our expertise in this sector allowing us to work on a consultative basis. Certain advisory work, such as overseas residents and self-certification mortgages, may impact your professional indemnity insurance and we can advise accordingly. We work closely with our clients and specialist professional indemnity insurers, providing guidance on the implications of higher-risk work, and tailoring competitive insurance packages.