Mortgage Broker PI
Professional indemnity cover for mortgage brokers
The advice you give carries real financial weight for your clients — and real exposure for you. Professional indemnity cover is built for the duties and obligations of mortgage broking.
Why mortgage brokers need PI cover
A single oversight in a loan application can cost a client money — and come back as a claim against you. Common triggers include a missed disclosure, a misunderstood requirement, or an error in an application document. See how PI works generally →
What does mortgage broker PI cover?
Policies differ between insurers, but most are built around the specific duties of a broker.
Typically covered
- Claims of negligence or breach of duty in your advice
- Errors or omissions in loan applications and documents
- Legal costs of defending a claim
- Compensation and damages awarded against you
- Investigation and disciplinary proceeding costs
Exclusions vary by insurer — your policy schedule will specify them.
Tailored to your practice
Whether you're a sole trader, aligned with an aggregator, or part of a larger firm, your exposure — and your cover — should match how you operate.
Related cover
Already insured with us? Lodge a claim →
Protect your broking business
Talk to an insurance specialist who works with mortgage brokers. We'll match cover to your practice — and your obligations.
General advice only. Consider the relevant PDS & TMD before acquiring any product.