Mortgage Brokers Professional Indemnity Insurance (PII)

Professional Indemnity Insurance (PII) is vital for Mortgage Brokers, General Insurance Intermediaries and other Financial Services professionals who need cover to fulfil their regulatory responsibilities as well as to protect their business from increasing numbers of claims.

Our PI cover for Mortgage Brokers is compliant with the Financial Conduct Authority offering £1.75 million in the aggregate which is more cover than specified in the FCA rules. You can of course request higher levels of cover but there will be additional queries raised with you in respect of this.

However as Insurer cover holders we are looking to work with compliant low risk Intermediaries with a good standing in the market, who are free from complaints and which will be reflected in the quality of cover and the premium levels offered.

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, which of course have been the subject of bad publicity over the last decade.

We won’t provide on-line quotes for this class of business but you can download an application form and submit to us by fax, post or email to obtain a quotation.

Cover Details »

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
  • Court attendance costs – if you have to attend any court hearings in connection with a claim
  • Employee dishonesty – loss of money or property (other than that of employees) as a result of an employee’s dishonesty.
  • Cover for costs incurred for representation at tribunals and hearings.


If you are purchasing any Insurance on-line, you should make a determined effort to carefully read the documentation sent to you.  Professional Indemnity policy wordings can differ widely and you should always refer to your policy schedule, take note of any significant exclusions in the summary of cover and read the policy wording in detail to establish that cover is suitable for your business needs but just as importantly that your business can also meet the policy terms and conditions.