Mortgage Broker Insurance

business owner protected by mortgage broker insurance

Mortgage Broker Insurance Made for Your Industry

Your clients rely on your expertise to navigate one of the most significant financial decisions of their lives. But even experienced brokers occasionally face unexpected setbacks. Mortgage broker insurance helps protect your business, so you can help your clients close on a home with confidence.
 
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business owner protected by mortgage broker insurance

Why Might You Need Mortgage Broker Insurance?

Mortgage broker insurance is a collection of business insurance coverages designed to help protect your firm from the risks you might face every day. From loan processing errors to clients getting hurt in your office, mortgage broker insurance helps safeguard your business against challenges that could come up during normal operations. Without it, you’d have to pay out of pocket for expensive claims.
small business owner protected by mortgage errors and omissions insurance

Who May Need Mortgage Broker Coverage?

Business insurance coverage can help protect many types of brokerages, including:
 
  • Mortgage brokerage firms
  • Real estate agencies
  • Self-employed mortgage advisors
  • Independent mortgage brokers
  • Loan officers and consultants

What Kind of Insurance Might Mortgage Brokers Need?

Most mortgage professionals get a Business Owner’s Policy (BOP) because of the peace of mind it can provide.
 
A BOP combines three essential types of coverage into a single policy to help protect your brokerage from property damage and bodily injury claims:

General liability insurance helps protect your mortgage brokerage from claims that it caused bodily injury or property damage to someone else.
 
Commercial property insurance helps protect your owned or rented building, as well as the tools, equipment and supplies you use to operate your mortgage broker company. These can include:
 
  • Computers
  • Office furniture
  • Phones
  • Client files
Business income insurance helps replace your lost income if you can’t operate your company temporarily because of property damage caused by fire, theft or wind.
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How Much Does Mortgage Broker Insurance Cost?

The cost of mortgage broker insurance varies because every business is unique. Here are the average amounts The Hartford’s small business insurance customers in this industry pay for common types of coverage:**
 
  • BOP: $829 a year, or about $69 a month
  • Stand-alone general liability insurance: $514 a year, or about $43 a month
  • Workers’ compensation insurance: $1,132 a year, or about $94 a month
Your insurance cost may be different than the average because every small business owner has specific needs. Insurance companies can also use different factors to determine rates. The best way to find out how much your mortgage broker insurance will cost is to get a quote.
small business owner protected by professional indemnity insurance for mortgage brokers

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Covering Your Operations

Interacting with clients and handling sensitive data are vital to your work as a mortgage broker. But disruptions can affect every aspect of your business’ operations. The right type of insurance can help you better manage setbacks, so you can keep your business running smoothly. 
One-third of employees are susceptible to phishing or other social engineering attacks.1
general liability for mortgage brokers

General Liability Insurance

“A client tripped over wires when he was in our office to sign paperwork for a closing. He had to go to urgent care to get his knee looked at.”
 
General liability insurance can help cover claims that your business caused bodily injury or property damage to someone else.
data breach insurance for mortgage brokers

Data Breach Insurance

“One of my loan officers got an email from a lender asking him to log in to provide additional details about a client. We realized afterwards that it was a phishing scheme, and the sender now had access to all of our client information.”
 
Data breach insurance helps your brokerage respond to a breach if personally identifiable information (PII) gets lost or stolen. Some insurers call this coverage cyber insurance.

Taking Care of Your Team

From loan officers to administrative staff, your employees are essential to the success of your mortgage business. With the right coverage, you can help protect them from the  risks they face on the job every day.
There were more than 60,000 cases of injury or illness in the finance and insurance industry in 2023.2
workers compensation for mortgage brokers

Workers’ Compensation Insurance

“My underwriter started noticing an aching pain in her wrist when she worked at her computer. Her doctor diagnosed her with carpal tunnel syndrome, and she had to go through months of physical therapy.”
 
Workers’ compensation insurance gives your team benefits to help them recover from work-related injuries or illnesses. It can help pay their medical bills and replace lost wages. With The Hartford, your employees also have access to a network of over 1 million providers and 65,000 pharmacies.
commercial auto insurance for mortgage brokers

Commercial Auto Insurance

“One of our brokers was driving the company car from a client meeting when he got into a wreck. Unfortunately, the other driver got whiplash and both cars were damaged.”
 
Commercial auto insurance can help cover property damage and bodily injury claims if an employee gets into an accident using a business-owned vehicle for work.

Protecting Your Property

The equipment and supplies you rely on to run your mortgage brokerage are important to the success of your business. Mortgage insurance can help keep your appointments on track and your business moving forward if your property gets damaged or destroyed.
On average, a fire department in the U.S. responded to a fire every 23 seconds in 2024.3
commercial property insurance for mortgage brokers

Commercial Property Insurance

“The office suite next to us caught fire, and while we were spared the worst of it, we still had significant smoke damage and some water damage to a few of our computers.”
 
Commercial property insurance helps protect your business' equipment and supplies from loss or damage caused by events like storms, fires or vandalism.
Business Income Insurance for mortgage brokers

Business Income Insurance

“A tree fell on our office’s roof during a windstorm. We couldn’t open the brokerage until crews removed the tree and fixed the damage.”
 
Business income insurance can help you continue paying ongoing expenses like rent, payroll and utilities when your business is unable to operate temporarily due to covered property loss.

Mortgage Broker Insurance You Can Count On

As an insurance company with more than 200 years of experience, The Hartford understands the unique risks mortgage businesses face. That’s why we’re proud to offer comprehensive business insurance solutions for mortgage brokerages.
 
Find out more about other real estate professions we insure:
 

Frequently Asked Questions About Mortgage Broker Insurance

Mortgage broker insurance is made up of different types of coverages designed to help protect your business from various risks. Depending on the coverage, insurance can help cover customer injury claims, property damage claims or client lawsuits. Since your business works with sensitive information, you can also get data breach insurance to help you respond to a breach.
Mortgage broker insurance is essential because it helps protect your business from costly claims. Without coverage, you’d have to pay out of pocket for claims or lawsuits. It’s also important because some states require mortgage brokers to carry certain types of insurance. For example, you may need to have professional indemnity insurance for mortgage brokers, also known as professional liability insurance.
The best way to get mortgage broker insurance from The Hartford is to get a quote. We make it easy to get a fast and free insurance quote online.
small business owner happy to do her job after getting a mortgage broker insurance quote

Get Mortgage Broker Insurance Today

Get the coverage you need to grow your business and help clients close on their dream homes.
 
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Related Articles

 
 
Last Updated: April 24, 2026
 
 
1 Egress, “2025 Phishing by Industry Benchmarking Report,” viewed April 2026.
 
2 U.S. Bureau of Labor Statistics, “Number of Nonfatal Occupational Injuries and Illnesses by Industry and Case Types, 2023,” viewed April 2026.
 
3 National Fire Protection Association, “Fire Loss in the United States,” viewed April 2026.
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
This page outlines in general terms the coverages that may be afforded under a policy from The Hartford. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail.
 
All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Insurance Group, Inc. In Arizona, California, New Hampshire, Texas, and Washington by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident & Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Pacific Insurance Company, Limited, Sentinel Insurance Company, LTD (CA license #8701), Hartford Lloyd's Insurance Company, Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Trumbull Insurance Company, Hartford Insurance Company of the Southeast, and Property & Casualty Insurance Company of Hartford and its property and casualty insurance company affiliates, One Hartford Plaza, Hartford, CT 06155.
 
Additional disclosures below.
The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.
 
The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
 
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Insurance Group, Inc. listed in the Legal Notice.
 
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, CT. For additional details, please read The Hartford’s Legal Notice.
 
* Customer reviews are collected and tabulated by The Hartford and not representative of all customers.
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