0
IMHO, to find the best product for the best price for the consumer, to assist in risk analysis and discuss/review options with client, to review all client's business practices to be sure all coverage gaps are eliminated... for starters
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
What are some advantages of Broker car insurance?
There are several advantages of Broker car insurance. The main advantage is that they are experts in their field and can mor easily and accurately compare insurance quotes on a like for basis.
What are the relevance of brokers in insurance?
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.
What are the advantages of using brokers to purchase medical insurance?
One of the main advantages of using an insurance broker is that the broker works for you and not for the insurance company so has an interest in finding the best products for each customer. A broker will also help during the claims process and this can make the claim process easier for the customer.
What are some of the main benefits of commercial combined insurance?
Some of the main benefits of commercial combined insurance is that it will automatically index linking at renewal to buildings and contents. There are also legal expense exclusions as part of the insurance cover.
What is the difference between insurance agents and brokers?
An insurance broker differs from an insurance agent in that a broker is considered an agent of the Insured even though he or she may receive a commission from the insurance company A broker may sell the products of a number of insurers whereas an insurance agent has the Insurer as his principal and works in the interest of the Insurer and not the Insured
Who is the main actor on farmers insurance commercial?
J.K. Simmons, who plays Juno's dad, Mac, in the movie Juno.
Is it cheaper to buy auto insurance directly or go through a broker?
The main thing brokers do is look for the cheapest insurance for you by contacting different dealers. Cutting out the middle man and looking for the best rates youself can save you a lot of money.
Where can I get more information about commercial truck insurance?
Some of your main insurance companies such as progressive will offer commerical insurace. You may want to check with your current insurance carrier. The following website can also be used to get rate quotes: www.bestcommercialtruckinsurance.com
The Main Character of A Good Year does what for a living?
Investment Broker
What is the risk of back to back letter of credit?
Discrepencies are the main risk when presenting the documents specially ; the insurance and the commercial invoice , operational risk and legal risk
What is the function of main engine?
Main propulsion is the function of the marine main engine.
Do I have to have a stock broker to get into the market?
I would recommend having a stock broker if your main interest is just making money without any knowledge of the market.
