CMBA BC-Canadian Mortgage Brokers Association British Columbia Insurance Program


Welcome to the CMBA BC Insurance Program from PROLINK

PROLINK has worked closely with the Canadian Mortgage Brokers Association British Columbia to provide members with industry-leading insurance coverage. Professional coverage has been enhanced to offer a customized Professional Liability Insurance program meeting the specific requirements of mortgage brokerages operating in British Columbia. Brokerages licensed in provinces with mandatory Professional Liability Insurance requirements will also be able to purchase a policy that is approved by the various provincial regulatory bodies.  

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

At PROLINK, we can help you feel confident that you have the right protection.

We believe in personal relationships.

We value knowing you, and taking the time to understand your unique situations, so that we can provide you with genuine advice and follow-through. Our named, dedicated advisors will take a holistic view of your lives and explain all of your coverages and potential exposures, so that you can make educated decisions.

We have over 30 years of experience.

As a result, we’ve seen insurance from every perspective. Wherever you’re coming from, and whatever you need, we’re your one-stop-insurance-shop. You can depend on us for the protection you require.

We represent a network of insurers.

We know their strengths, their weaknesses, how they’ll assess you as a risk, and how they’ll treat you in the event of a claim. Plus, as one of Canada’s largest national brokerages, we have the buying power and influence required to advocate for you and your needs with the various insurers.

We work for you, not the insurer.

As an independent insurance brokerage, we are not obligated to sell you on a particular insurer. Instead, we’ll evaluate the available offerings and the discounts you are eligible for, to bring you solutions to best fit your life.

Protection for My Business and Professional Life

Browse our professional insurance solutions tailored to the needs of British Columbia's Mortgage Brokers. 

  • Errors and Omissions PLUS Program

    The Mortgage Brokerage Industry is expanding with new OSFI lending regulations pushing more clients to your door for options. An influx of clients means an increase in sales which is great for business. Not-so-great, though, is the widening exposure that brokerage owners face as a result.

    To keep up with sales, you might hire more agents in a sub-contractor relationship to work under your banner. This entrepreneurial culture can create a work environment that’s difficult to control. Independent minded agents may bypass certain internal processes to close deals quickly, leaving you exposed to potential security and professional liability risks in tandem. You will have a hard time defending yourself successfully if you cannot provide documentation supporting all appropriate due diligence processes were completed before connecting borrowers and lenders.

    We can help. PROLINK—Canada’s Insurance Connection has developed a comprehensive and regulatory-compliant Errors and Omissions Liability PLUS Program, tailored to your unique needs and offered at highly competitive CMBA BC member rates.

    Our E&O PLUS program features:

    • Errors and Omissions Liability Coverage:
      • Flexible amounts of coverage ranging from $500,000 to $5,000,000 per loss;
      • Protects mortgages arranged with private and institutional lenders;
      • Covers Mortgage Administration Services;
      • Full prior acts coverage for the brokerage. The policy will cover services rendered by all associates since the inception of the brokerage. All agents and employees automatically covered under the policy;
      • Legal Expenses reimbursement for Regulatory Disciplinary investigations and hearings;
      • No deductible if no damages are paid to the third party claiming against you.
    • Privacy Breach Coverage:
      • $250,000 for privacy and data breach incidents;
      • Covers legal expenses for lawsuits and damages awarded to third parties;
      • Covers expenses for computer forensics, PR services, legal counsel, and credit monitoring services in the fall-out of a breach.
    • Legal Protection for Brokerage Principals:
      • $50,000 for legal expenses related to: Employment Disputes, Tax Audits, Anti-Spam Legislation Defence, Business Contract Disputes, personal legal defence of Highway Traffic Act infractions and more;
      • Unlimited telephone legal advice for Professional and Personal matters.
    • Canada-wide coverage: E&O PLUS covers brokerages licensed in approved by the Mortgage Regulator in all provinces.

    Contact PROLINK to apply today!

  • Financial Institution Bond for the BC Securities Commission

    The CMBA Bond program provides members with an additional 10% discount on the lowest marketplace rates. The Bond complies with all requirements under National Instruments 31-103 for firms registered as either Investment Fund Managers, Restricted Portfolio Managers, or Exempt Market Dealers. The application process is simple and CMBA members can benefit from a quick turnaround from an insurance broker who understands your business.

    Contact PROLINK to apply today!

  • Mortgage Impairment Insurance for Private Lenders

    Mortgage Impairment Insurance protects the mortgage interest of the private lender / investor / mortgagee (“lender”) against the impact of physical loss or property damage where the lender believed that the property had valid primary insurance at the time of the loss, only to discover that either there was no valid insurance was in place, or insufficient insurance to cover the lender’s interest. It also provides primary property insurance prior and subsequent to title passing to the lender in which there is no other property insurance, inadequate insurance, or no evidence of insurance from the mortgagor. Finally, it offers optional premises liability protection for the lender in a Power of Sale and can include high risk properties.

    All commercial and residential properties in which a lender holds a mortgage or other security interest and that are within the mortgage portfolio managed or administered by the lender or administrator are covered by this policy. This valuable protection for mortgage administrators, MICs, and private lenders arranging mortgage funds through your brokerage is offered at competitive rates.

    Contact PROLINK to apply today!

  • Commercial Office Insurance

    If you lease or own an office location, you need to ensure that you have proper protection in place. The CMBA Commercial Office Package provides Commercial General Liability, Property, Business Interruption and Crime Coverage Insurance at extremely competitive rates. This package will help you protect the investment that you've poured into your office, as well as meet any landlord or property manager lease requirements.

    Contact PROLINK to apply today!

Caring Claims

Sometimes, stuff happens. In the event that you need to make a claim and the situation is urgent or an emergency, help is a phone call away!

Monday to Friday (8AM to 5PM)
 Contact PROLINK directly at 1 800 663 6828. We will take your claim, confirm your policy and report it to your insurer.

After Hours
Access our after-hours claims service, Kernaghan Insurance Adjusters at  1 800 387 5677, or call your insurer directly and they will loop us in.

Please reach out to PROLINK if you ever feel unsure. We’re here for you.

Speak to a Representative Today

To speak to a professional who can guide you to the right coverage from the right insurer at the right price contact us below:


Personal InsuranceCommercial EnterpriseAssociations & Affinity GroupsLife & Benefits

Personal InsuranceCommercial EnterpriseAssociations & Affinity GroupsLife & Benefits

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