Yes – insurance brokers need insurance, and the FCA says so.
You advise clients on exactly this; apply your own advice. Compliance minimums first (euro limits, regulated excess, continuity), then real-world limits against your largest placements – a €1.3m minimum is small beside an eight-figure placement error. Declare binders, wholesale chains and client-money arrangements precisely, and buy your run-off before the sale or wind-down, not after.