For a business owner seeking general insurance, the difference between a business insurance agent and broker is not just a matter of semantics. There are sufficient distinctions between the two that can influence whom you should insure your business with.Both business insurance agents and brokers are insurance intermediaries who assist business owners with insurance decisions. [...]
Posts Tagged ‘Insurance Agent’
The Difference Between Insurance Agents and Brokers
Posted by admin on March 4th, 2010
Posted in Articles 
Tags: Administrative Liability, Business Decisions, Business Insurance, Business Owner, Business Owners, Captive Agents, Distinctions, General Insurance, Independent Agents, Insurance Agent, Insurance Agents, Insurance Broker, Insurance Contracts, Insurance Decisions, Insurance Intermediaries, Insurer, Legal Obligation, Necessary Material, Premiums, Semantics 
No Comments »How to of Become a Commercial Insurance Broker
Posted by admin on February 9th, 2010
First, we need to make a distinction between an insurance “broker” and an insurance “agent.” In the insurance business, an agent is in partnership with one or more insurance companies. A dedicated agent has a contract with a single company, normally an insurance business that prefers exclusivity, and can only sell the insurance products of [...]
Posted in Articles Tags: Aig, Business Owner, Chubb, Commercial Insurance Broker, Commercial Liability Insurance, Communication Equipment, Emerging Technologies, Exclusivity, Independent Agent, Insurance Agent, Insurance Business, Insurance Companies, Insurance Products, Insurance Provider, Insurance Providers, Liability Risks, Line Insurance, Potential Liability, Single Company, Theoretical Knowledge No Comments »