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Insurance agents are insurance professionals that serve as an intermediary between the insurance company and the insured. As a broad statement of law, an agent’s liability to their customers is administrative. That is, agents are only responsible for the timely and accurate processing of forms, premiums, and paperwork. Agents have no duty to conduct a thorough examination of your business or to make sure you have appropriate coverage. Rather, it is your obligation to make sure you have purchased needed coverage. Insurance brokers can be best described as a kind of super-independent agent. Brokers can offer a whole host of insurance products for you to consider. Brokers are required to have a broker’s license which typically means the broker will have more education or experience than an agent.
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Business Insurance Brokers
VS Business Insurance
AgentsThere are so many things to consider when
looking for cost effective business insurance. One of these decisions is whether to go with a business insurance broker or with a business
insurance agent.
Business Insurance Brokers
VS Business Insurance Agents
What is the difference between a Business Insurance Broker and a Business Insurance Agent?
• There are two different types of agents• The analysis of your risk and assessment of coverage is your responsibility• The insurance agent’s job is to make sure that all paperwork is done
correctly• Your broker can recommend a whole range of insurance products to suit
your needs
Business Insurance Brokers
VS Business Insurance Agents
Let’s face it, shopping for business insurance is generally a dreaded and time consuming task. Not exactly fun and although it only takes about 15 minutes to get a preliminary rate – that’s only the rate from ONE company. How many business insurance agents or business insurance brokers do you want to call and how many blocks of 15-30 minutes do you want to take out of your life? You have to decide between going with a business insurance agent or a business insurance broker…
