Errors & Omissions

As a Brokerage member of the MBABC, you can take advantage of the new and exclusive Errors & Omissions (“E&O”) Insurance Program.  MBABC and LMS PROLINK Ltd. have partnered to develop an E&O insurance policy customized for brokerages licensed in BC.  Brokerages licensed in provinces with mandatory E&O requirements will also be able to purchase an E&O policy that is approved by the different provincial regulatory bodies.

LMS PROLINK has been serving mortgage brokers and mortgage lenders for over 10 years.  LMS understands the risks and exposures facing brokerages and the importance of private lending to the industry.

How to Apply for Coverage

Download the MBABC E&O application to apply for coverage.

Protection for Private Mortgage Lenders

Mortgage Investment Corporations and Mortgage Syndicators have unique insurance requirements to protect their portfolios, investors and board members.  LMS PROLINK has developed a customized program including the following types of protection:

  1. D&O Liability including coverage for investor claims alleging poor performance;
  2. Mortgage Impairment providing protection for property losses sustained by the portfolio; and
  3. Financial Institution Bonds for MIC Managers licensed as Exempt Market Dealers in other provincial jurisdictions.

Click here to learn more about the new MBABC E&O program and LMS PROLINK’s experience serving the Mortgage Brokering and lending industry in Canada.

Contact Information :

MBABC

101-1765 West 8th Ave.

Vancouver, BC V6J 5C6

Phone: 604-408-9989

memberservices@mbabc.ca

LMS PROLINK LTD.

480 University Avenue, Suite 800

Toronto, Ontario M5G 1V2

Peter McCabe

Phone number: 800-663-6828; ext. 7730.

MBABC@LMS.CA