I don’t follow. I think brokers have enormous risks of valid claims needing to be paid out, which they hedge by taking out insurance themselves. You seem to be

I don’t follow. I think brokers have enormous risks of valid claims needing to be paid out, which they hedge by taking out insurance themselves. You seem to be saying the same thing, while claiming that you are saying something else. Could you please try to restate your point in a way that might be clearer to me?