Company insurance
Credit Broker Liability Insurance
Mandatory liability insurance for mortgage brokers — protects you from the consequences of errors and omissions in your business. We compare offers from 21 insurers and select the best policy for you.
✓ Mandatory Insurance Policy ✓ Offers from 21 companies ✓ Quick Online Quote
What is covered by the policy?
Protection in the Event of a Brokerage Error
The policy takes effect if a customer suffers a loss in connection with your lending activities.
Acts and Omissions
Damages caused by acts or omissions in connection with mortgage brokerage activities.
Damage caused by agents
The coverage also includes damages caused by an agent of the mortgage broker in question.
Coverage Limits
A minimum of 460,000 euros per incident and 750,000 euros for all incidents over a 12-month period.
From day one
The obligation arises no later than one day before the commencement of mortgage brokerage activities.
BUSINESS INSURANCE
Mandatory Protection for Your Credit Activities
Mortgage broker liability insurance is mandatory. It provides protection against the consequences of damages caused by acts or omissions in connection with the broker’s business activities—it also covers damages caused by the broker’s agents.
The terms of the policy are set forth in the regulation of the Minister of Development and Finance (Journal of Laws of 2017, item 1403), effective as of July 22, 2017. At Polisarium, we compare offers from many insurance companies and select a policy that complies with the regulations—quickly and without unnecessary red tape.
WHY IT'S WORTH IT
Liability Insurance Without the Fine Print
Frequently Asked Questions About an Agent's Liability Insurance
We explain the regulations that raise the most questions.
Is this insurance mandatory?
Yes — This obligation stems from a regulation issued by the Minister of Development and Finance (Journal of Laws of 2017, item 1403), which took effect on July 22, 2017. It applies to all mortgage brokers.
When does the policy take effect?
The protection must be in effect no later than the day before the start of operations in the field of mortgage brokerage.
Does the policy cover my agents?
Yes—liability insurance also covers damages caused by an agent of a given broker mortgage.
Can the insurance company limit the scope of coverage?
No—the policy covers all damages without the possibility of contractually limiting liability by an insurance company. Premiums vary—that’s why it’s worth comparing offers.
Before You Buy a Policy
Two Things You Should Know
Mandatory liability insurance has statutory exclusions—it’s best to be aware of them before a loss occurs.
Statutory Exemptions
The policy does not cover property damage caused to family members, contractual penalties, or damage resulting from acts of war or terrorism.
Deletion from the registry
Damages caused after removal from the registry of intermediaries are not covered, unless they result from activities carried out prior to removal.
Insurance Companies' Offers
Insurance Companies' Offers
Protect your entire business—check out the other business insurance options we offer.
Get an online quote for a loan broker's liability insurance
Provide basic information about your business—we'll compare mandatory liability insurance quotes from multiple insurers and identify the best option for you.
or call an advisor
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DO YOU HAVE ANY QUESTIONS?
We'll help you choose the best liability insurance for real estate agents
Our advisors are familiar with the requirements of the regulation and will ensure that the coverage limits and the effective date of coverage are correct. Free of charge and with no obligation.
Mon.–Fri. 8:00 a.m.–6:00 p.m.
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