colorado e&o insurance

If you are trying to get your Colorado Mortgage Loan Originator License, you will need to get Colorado E&O insurance.

Every active mortgage loan originator licensee will need to secure an Errors and Omissions insurance policy.

Colorado E&O insurance is also appropriate coverage for anyone who gives advice or makes educated recommendations such as accountants, software developers, and real estate agents. 

What is Colorado Errors and Omissions Insurance?

Colorado Errors and Omissions Insurance (also know as Colorado E&O insurance) is an insurance policy that protects you in the instance of an unintentional error or omission while performing your duties. Colorado E&O insurance can protect you from losses even if you haven’t made a mistake. 

Colorado E&O insurance does not protect you from the following:

  • Intentional, dishonest, or fraudulent acts
  • Improper gain to which you are not entitled to
  • Class action lawsuits
  • Punitive damages
  • Commingling of money
  • Inability or failure to pay or collect money


This insurance will help you manage legal fees if a client states that you or others in your business have been negligent. 

For example, if a client feels that he was eligible for a different mortgage product but you did not tell him this, he could sue you for the difference between the two rates. While it may have been a simple error on your part, it could turn into an expensive mistake. You could avoid paying for this mistake if you have E&O insurance. 

View other Colorado E&O Insurance examples.

By not purchasing Colorado E&O insurance, you/your company could face serious financial hardships, as stated above.

How Much Does a Colorado E&O Policy Cost?

In Colorado, E&O Insurance for a mortgage loan originator license has a minimum coverage of $100,000 per occurrence and a minimum aggregate limit of $300,000.

With Surety Solutions, we offer a $500,000 limit without any additional charge.  This meets the state’s guidelines with no additional charge to you.

If approved online, the total cost for your Colorado E&O insurance starts as low as $227.

The best time to buy Colorado E&O insurance is before you need it. At Surety Solutions, we are able to issue you an E&O policy same-day.

Free CO E&O Quotes

Free CO MLO Bond Quotes

Still have questions? Check out our Colorado E&O/MLO FAQ Resource.

Related Links:

How to Become a Loan Officer in Colorado

Colorado Mortgage Loan Originator Beginner’s Guide

Colorado Mortgage Loan Originator Insurance Requirements

E&O Insurance Instructions

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