Mortgage Brokers' Tail-Coverage Secrets Brokers Need Now

The Importance of Tail Coverage

For mortgage brokers, the financial implications of a lawsuit can be devastating. Even if a claim is unfounded, the cost of legal defense can be substantial. Tail coverage acts as a safety net, offering peace of mind that past actions are covered, even if your current policy has lapsed. This is particularly important in the mortgage industry, where transactions can be complex and involve significant sums of money.