What Is Insurance Broker
Pictures. An insurance broker is a person who is licensed to sell insurance and typically works with multiple insurance companies offering a variety of. So when you ask what the difference is between the two, insurance agent vs insurance broker, it really depends on what state you are asking the.
A broker provides invaluable services to insurance applicants and policyholders, especially those who aren't sure what their insurance needs are. Why hire an insurance broker? Insurance brokers are usually independent intermediaries who are able to negotiate with a number of insurance companies on behalf of clients in order to secure for them the most advantageous cover and terms, as well as handling claims and offering general insurance advice.
An insurance broker's job is to help inform clients of how best to handle risk management.
Insurance brokers are risk management and insurance specialists. A broker provides invaluable services to insurance applicants and policyholders, especially those who aren't sure what their insurance needs are. The term insurance broker can sometimes be confusing. Some key features that sets agents apart from brokers include