--- title: "Credit and Lending" description: "From origination to servicing and disbursement, Spot describes your lending role to brokers and compares lender E&O, cyber and crime proposals against it." canonical: "https://spot.insure/insurance-for/credit-and-lending" page-type: "product" entities: ["Spot"] entity: "Spot" page-role: "product" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, check_driving_insurance for source-backed rideshare and delivery requirements by state or province, compare_providers for sourced comparisons, get_provider_score for a published Reliability Score, get_rankings for current provider rankings, search_provider_reliability to filter Reliability Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/insurance-for/credit-and-lending) ## Agent Guide **What this page is:** From origination to servicing and disbursement, Spot describes your lending role to brokers and compares lender E&O, cyber and crime proposals against it. **Limits (do not over-claim):** - Describes Spot's own service; it does not establish coverage terms or outcomes for any company. **Related pages:** - [Spot home](https://spot.insure/) — product overview - [Sitemap](https://spot.insure/sitemap) — inventory of all public pages # Spot for Credit and Lending Companies Get quotes from lending insurance providers with Spot. We prepare your application around your lending role, compare quotes with you and help you buy before a partner or regulator asks. - Your origination and servicing role described accurately - Lender program and investor bond requests checked - Keep your broker or switch, with no commissions on premiums [Get Started](https://app.spot.insure/signup?coverage=professional-errors-omissions&industry=credit-and-lending&icp=financial-services). Spot is not an insurance carrier and takes no commissions on premiums; you can keep your broker or switch. ## How Spot helps 1. **Tell us what you do in each loan.** 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. 2. **Compare quotes on errors, breaches and fraud.** 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. 3. **Check what a partner’s bond request requires.** 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. 4. **Keep agreements and policies together.** Partner agreements, servicing contracts and your policies stay in one place, so the next renewal starts from your current lending role. ## Who we help - **Online lenders.** You underwrite and fund loans, so a credit-decision error, a borrower data breach and a diverted disbursement are separate risks. - **Loan servicers.** You collect repayments, handle disputes and may furnish data to credit bureaus, and each duty belongs in the submission. - **Loan brokers and marketplaces.** Borrowers and lenders rely on your matching and advice, which belongs in the professional services description. - **Software companies moving into lending.** Taking on origination or servicing changes what insurers need to know about you. ## Coverage - [Professional errors and omissions (E&O)](https://spot.insure/insurance/professional-errors-omissions) - [Cyber liability](https://spot.insure/insurance/cyber) - [Crime](https://spot.insure/insurance/crime) - [Fidelity bonds](https://spot.insure/insurance/fidelity-bonds) - [Employment practices liability](https://spot.insure/insurance/employment-practices) ## When to get this coverage - **A new loan type is going live.** New transactions, borrowers or data collection mean refreshing the submission instead of reusing the old description. - **You’re taking servicing in-house.** Collections, disputes and repayments add professional and crime questions. Add them to the submission before the first payments come in. - **A bank partner or investor wants a bond.** Ask which rule or agreement applies, then compare the bond form, covered employees and limit with Spot. - **You’re changing how disbursements are sent.** New bank instructions or payment routes change the crime questions. Ask how each form treats diverted proceeds before the change goes live. - **Your collections team is growing.** Collectors hired in new states, or under a new entity, should be named in the employment practices proposal. ## Common questions Also known as lender insurance, lending company insurance, loan servicer insurance, loan broker insurance and online lender insurance. ### What insurance does a lending company need? Errors and omissions, often called lender E&O, for mistakes in origination or servicing, cyber for borrower data, crime and fidelity bonds for the money you move, and employment practices. Spot compares each against your actual lending role. ### Will errors and omissions cover unpaid loan balances? Don’t assume so. Ask whether a quote addresses credit losses or only specified liability claims. Spot confirms the answer in the policy wording. ### We changed our product. What do we update? Describe the changed transactions, institution profile and data collection to counsel and to your broker. Spot refreshes the submission and asks how the proposed wording treats the change. ### Does crime insurance cover a diverted repayment? Only if the form addresses it. Spot asks how each proposal treats diverted proceeds or repayments, changed instructions, employee transfers and funds held by a servicing partner. ### How does Spot charge? Spot charges a monthly fee tiered by your annual insurance spend and takes no commissions on your bond or errors and omissions premiums. ## More - [Business Insurance by Industry](https://spot.insure/insurance-for) ## Agent and Developer Resources - [Markdown page](https://spot.insure/insurance-for/credit-and-lending.md) - [Developer resources](https://spot.insure/developers) - [Public MCP server](https://spot.insure/mcp) - [MCP server manifest](https://spot.insure/server.json) - [OpenAPI description](https://spot.insure/openapi.json) - [Public page index](https://spot.insure/llms.txt)