insurance brokers
Coverage sales agents
Insurance brokers are professionals who act as intermediaries between clients seeking insurance and the companies that provide it.
Unlike agents who represent specific insurers, brokers work on behalf of clients, shopping among multiple carriers to find suitable coverage: We used an insurance broker to compare policies for our small business.
They earn commissions from insurers or fees from clients.
- agentOne who acts independently
- underwriterOne who assumes financial risk
- risk assessmentEvaluating likelihood of harm
- fiduciary dutyObligation to act loyally
- reinsuranceInsurers insuring themselves
commission structure · licensing requirements · claims adjuster · ethical guidelines · actuary · quotes · coverage gaps · compliance officer · financial advisor · consumer protection laws · clients · client meetings · offices · portfolios · referrals · policies · shopping around · paperwork
- insurancecoverage, underwriting, premium, claims, policyholder
- insurance company employeesagents, brokers, adjusters, claims adjusters, underwriters
- insurance salesagents, brokers, policies, premiums, coverage
- insurance peopleunderwriters, actuaries, claims adjusters
- life insuranceterm life, whole life, beneficiary, premium, death benefit
- health insurancepremium, deductible, copay, coverage, premiums
insurance brokersinsurers
Risk-pooling companies
insurance companies · underwriters · insurance carriers · insurance providers · policyholders