Mortgage brokers and other financial professionals face a wide range of operational and liability exposures — from errors and omissions allegations to third-party bodily injury or property damage claims and regulatory complaints. Colonial General Insurance Agency, Inc. offers a focused Mortgage Broker Insurance program that helps agents place tailored protection for mortgage professionals operating across the western U.S.
Overview of the Program From Colonial General
Colonial General is a managing general agency and excess & surplus (E&S) broker with deep experience placing professional and liability coverages for financial services firms. This Mortgage Broker Insurance program is built to help agents secure E&O and related liability protection for mortgage brokers, loan originators, and small mortgage firms that need both professional and general liability solutions.
Ideal Accounts and Appetite
This program is a strong fit for:
- Independent mortgage brokers and mortgage sales teams
- Small to mid-sized mortgage firms and boutique lenders
- Loan originators, mortgage consultants, and correspondent brokers
We typically prefer accounts with sound underwriting controls, documented policies and procedures, and a limited history of claims or regulatory actions. Startups and established firms can both qualify when risk management practices are in place. Accounts with ongoing regulatory enforcement, significant servicing portfolios, or a large history of litigated claims may require alternative placement strategies.
Coverage Highlights and Advantages
- Limits beginning at $100,000 / $100,000
- Deductibles available as low as $1,000
- Coverage options may include professional liability (E&O), general liability, and other related protections depending on carrier and underwriting
- Access to admitted and non-admitted markets (some admitted markets available)
*Specific coverages, endorsements, and premiums depend on the carrier selected and the submission details.
Underwriting Notes and Minimum Premiums
Underwriting is risk-focused and flexible. Colonial General evaluates experience, loss history, compliance posture, and controls to match each account with an appropriate market. Minimum premium requirements vary by carrier and state; our team will review submissions and identify the most competitive options for your client.
Territories and Availability
This program is available in the following states:
- Arizona (AZ)
- California (CA)
- Colorado (CO)
- Idaho (ID)
- Nevada (NV)
- New Mexico (NM)
- Utah (UT)
- Wyoming (WY)
Why Work With Colonial General?
Colonial General combines specialized underwriting for mortgage professionals with broad market access. As an MGA and E&S broker, we place business quickly when you need responsive quotes and solutions that reflect the client’s operations. Our underwriters collaborate with agents to identify the right carrier and coverage structure for each risk, particularly in western U.S. territories where we maintain established relationships.
Whether you need a straightforward E&O policy for an independent broker or a layered solution for a growing mortgage firm, Colonial General can help you find placements that balance coverage and cost.
Examples of Accounts That Fit
- You have a small mortgage brokerage with 2–5 loan originators, documented procedures, and no recent claims — you can pursue primary E&O limits with low deductibles through this program.
- A boutique lending firm that refers loans and needs combined professional and general liability coverage — Colonial General can evaluate admitted and non-admitted options to match the firm’s needs and budget.
Frequently Asked Questions
What types of accounts are a good fit for this program?
Independent mortgage brokers, boutique lending firms, and loan originators with documented risk controls and a clean loss history are ideal candidates.
Which states is this program available in?
This program is available in AZ, CA, CO, ID, NV, NM, UT, and WY.
What coverages can be included in the policy?
Coverage options depend on the carrier and underwriting but commonly include professional liability (E&O), general liability, and other related protections as needed.
Are both admitted and non-admitted markets available?
Yes. Colonial General has access to both admitted and non-admitted markets; availability varies by state and the risk profile.
What is the minimum deductible and coverage limit offered?
Deductibles can start as low as $1,000, with coverage limits beginning at $100,000 / $100,000. Exact terms depend on the carrier and underwriting outcome.
Need help placing an account? Connect with a market specialist.