How much can a insurance broker make

If Insurance Broker is a name, as in, the company that I work for is the Midwest Insurance Broker, then yes, you should capitalize it; if it is merely a description, as in, I am going to talk to my insurance broker, then no, do not capitalize it.

An insurance advisor/agent gives probable customers knowledge about an Insurance Plan and sell Insurance Policies.

There are three types of insurance agents :

1. Life Insurance Agent.

2. General Insurance(Non-Life) Agent.

3. Composite Insurance Agent(i.e. both life and non life agent).

An insurance broker can also be an insurance advisor.

Difference between an insurance agent and an insurance broker are:

1. An insurance agent is employed by only one general insurance company or one life insurance company or both(depending on the type of Agent) but an insurance broker can work with any insurance company(Life or General).

2. An insurance agent is accountable to Insurer(insurance company) but an insurance broker is accountable to customers, i.e. an insurance broker works on behalf of customers to seek a better insurance plan.

3. Both agents and brokers are reimbursed by insurance company.

4. There is no capital requirement for Insurance Agents but Insurance brokers must have capital of Rs. 50 lakhs for direct broker, Rs. 1 crore for reinsurance broker and Rs. 2.5 crore for composite broker.

Generally Insurance brokers works with big businesses whereas agents work with all type of businesses.

freight broker insurance what does it cost

If you want an insurance broker you can look here www.iiaba.net/ or if you just want to get car insurance on your own with out an insurance broker check out Geico.com or allstate.com. or watch tv and there are other car insurance company's there.