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An insurance broker is a person or entity that is licensed by one or more state departments of insurance to sell insurance. This is similar to an insurance agent.
The main difference between a broker and an agent is this: a broker is authorized by a number of insurers to submit applications for insurance by the broker's customers. Stated otherwise, a broker works on behalf of the customer, and seeks to obtain coverage for him/her/it from the insurers represented by the broker.
In contrast, an insurance agent often represents a single insurer and sells only that insurer's products.
Both are governed by the insurance laws of the state(s) of licensure, and are required to meet educational requirements to obtain and maintain their licenses.
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What is the role of auto insurance brokers?
The role of auto insurance brokers is to sell some type of insurance. For example, the role of insurance brokers is to sell insurance on behalf of different insurance companies.
Where can one find business insurance brokers in the UK?
Business insurance brokers can be found in the UK at Giles Insurance Brokers Ltd, Higos Insurance Services, Marsh & Company, Regency Brokers and Blue Fin Group.
Which insurance brokers offer services to small businesses?
Virtually all insurance brokers will offer insurance to small businesses. To name a few: Outsurance, Santam, Auckland insurance, Aon, Brokers Trust insurance and many more.
What do Insurance Brokers do for you?
Insurance brokers find good deals that can benefit you and get low prices for your insurance. Unfortunately, they can be very expensive and greatly affect your wallet.
Who sells commercial insurance?
Most insurance agent and or insurance brokers
On what basis are insurance brokers employed?
Brokers, in contrast to agents, do not necessarily work under the authority of an insurance company. Rather, brokers place insurance policies for their clients with the carrier offering the most appropriate rate
Where can I get a listing of insurance agents and brokers in Phoenix, AZ?
You can find a list of insurance agents and brokers in Phoenix Az at lawyers.com.
What type of insurance does Willis Global Insurance Brokers sell?
Willis Global Insurance Brokers sell life insurance as well as political insurance, environmental insurance, and a plethora of other insurance services. They also do risk assessment.
Where can one find car insurance brokers in Kingston?
There are several places where someone can find car insurance brokers in Kingston. Some possible options are Intact Insurance, McDougall Insurance and Humberview Insurance.
Who are some Public Liability Insurance brokers?
There are many Public Liability Insurance brokers. Some companies that provide this service are 'Hiscox', 'Crowthorne Insurance Services Limited' and 'AXA Insurance'.
Where can van insurance brokers be found online?
There are many places that one can find a broker for van insurance online. Many of the major insurance companies offer automobile insurance, which would include vans. Some major brokers that can be found online include KTX Insurance Brokers and BrokerLink.
