Insurance

What is a Broker?

Broker

[broh-ker]

noun

Insurance Brokers are individuals who gather insurance quotes on behalf of a purchaser. They are different from Agents, in that Agents represent the company selling the insurance, while Brokers represent the party buying insurance. Brokers can be either retail or wholesale. Retail Brokers are those that interact directly with insurance buyers.

Share |

Have A Question About This Topic?

Forecast

The market is as unpredictable as the weather. We’d love to help you prepare.

Choosing a Business Structure

Entrepreneurs all face the same question, “Which business structure should I adopt?”