Spot for Credit and Lending Companies
We prepare your application around your lending role, compare quotes with you and help you buy before a partner or regulator asks.
Your Spot team records whether you originate, underwrite, broker, buy, service, collect or only license software, along with borrower data, vendors, states and who moves the money.
Spot works with your broker to take the submission to market, then shows how each proposal treats a servicing error, a borrower data breach and a fraudulent disbursement. Unpaid principal is a separate question, and we ask about it in writing.
Professional errors and omissions (E&O) insurance
Professional services · Claims-made terms
Cedar Advisory
When a bank partner, lender program or investor asks for a bond or specific coverage, Spot asks for the rule or agreement behind it and checks the bond form, covered employees and limit against your role and policies.
Professional errors and omissions (E&O) insurance
Cedar Advisory · Policy review
Confirm with your broker
Limits, exclusions, and endorsements
Partner agreements, servicing contracts and your policies stay in one place, so the next renewal starts from your current lending role.
JamieCedar Advisory
Let’s prepare the information for your broker and compare the terms, not just the price.
Professional errors and omissions (E&O) insurance policy
Coverage terms · Limits
Share what you do, where you work, the policies you have and any contracts that ask for insurance.
Spot turns it into an application that describes your business the way insurers need to see it.
Spot handles the procurement, sending it to the insurers and markets that cover businesses like yours and chasing every quote.
We put the quotes side by side on limits, exclusions and terms as well as price.
You choose. Spot places the policy for you, and certificates are ready when a customer or landlord asks.
You underwrite and fund loans, so a credit-decision error, a borrower data breach and a diverted disbursement are separate risks.
You collect repayments, handle disputes and may furnish data to credit bureaus, and each duty belongs in the submission.
Borrowers and lenders rely on your matching and advice, which belongs in the professional services description.
Taking on origination or servicing changes what insurers need to know about you.
The policies companies like yours are usually asked for, and when each one comes up.
You originate, underwrite, broker, buy, service, or administer loans rather than only licensing software.
Borrower applications, identity data, payment records, credentials, or vendor access are part of the product.
The business disburses loan proceeds, receives repayments, changes bank instructions, or handles employee payment access.
A named bank, lender program, regulator, investor, or contract raises a bond or employee-dishonesty request.
You hire underwriters, support staff, collectors, or servicing teams, or expand employment across states.
Get quotes from 50+ lending insurance providers with Spot.
New transactions, borrowers or data collection mean refreshing the submission instead of reusing the old description.
Collections, disputes and repayments add professional and crime questions. Add them to the submission before the first payments come in.
Ask which rule or agreement applies, then compare the bond form, covered employees and limit with Spot.
New bank instructions or payment routes change the crime questions. Ask how each form treats diverted proceeds before the change goes live.
Collectors hired in new states, or under a new entity, should be named in the employment practices proposal.
Also known as lender insurance, lending company insurance, loan servicer insurance, loan broker insurance and online lender insurance.
Get quotes from 50+ lending insurance providers with Spot. Keep your broker or switch, with no commissions on premiums.
Get StartedRead these before you choose a policy or an insurer.
