What does PII Cover?
Failure to Place or Renew Cover
You miss a renewal or place cover with the wrong insurer or incorrect limits.
Incorrect Policy Advice
Providing inaccurate or incomplete advice on cover options or exclusions.
Misrepresentation to Insurers
Failure to present a fair and accurate risk to the underwriter.
Company & Commercial Transaction Errors
Mistakes in contract drafting, share purchase agreements, or due diligence work.
Claims Handling Errors
You delay notifying the insurer, mismanage a claim, or give incorrect claims advice.
Delegated Authority or Scheme Oversight Failures
Mismanagement of binder arrangements, failure to enforce underwriting rules or overstepping delegated limits.
Insurance Intermediaries
At WK Professional Risks, we understand the unique risks that come with being an insurance broker. Whether you’re a general insurance intermediary, wholesale placing broker, MGA, or niche scheme provider, we provide specialist Professional Indemnity (PI) insurance tailored to your business model, FCA permissions, and risk profile.
We work directly with Lloyd’s and company market insurers who understand the complexity of advising on cover, managing claims, and handling client money — ensuring your policy stands up to scrutiny and responds when you need it most.
What we offer
01
London Market Access
We place cover for general brokers, MGAs, wholesale brokers, and specialist intermediaries.
02
FCA-Compliant Wordings
We help ensure your policy meets FCA expectations — including suitable limits, fair presentation of risk, and FOS complaint response obligations.
03
Support With Delegated Authority & AR Exposure
We structure cover to include exposure from sub-brokers, introducers, and appointed representatives — helping you understand what’s included and where you need oversight.
04
Presentation Support for Insurer Confidence
We help shape your submission, from complaints handling data to TOBA audits and risk control procedures, especially in higher-risk classes like PI, EL/PL or construction.
05
Responsive Claims Support
Should a claim arise, our team ensures you’re represented clearly and accurately from first notification through to resolution.