Insurance Brokers, Agencies, Agents, Carriers And Your Business

Insurance Brokers, Agencies, Agents, Carriers And Your Business

Insurance brokers, agencies and agents are terms which are somewhat confusing and sometimes used interchangeably though there are subtle differences. Both agents and brokers must pass the a similar licensing exam in order solicit or sell insurance, but their point of allegiance can differ. The broker represents the client and the agent can represents the insurance company. But this difference is often more vague than this definition conveys - both will provide businesses with excellent results as long as the business selects an agency or broker with the requisite expertise required. Agents are licensed and often have credentials such as CIC (Certified Insurance Counselor), but an agent working for a broker can have this designation too. An agency often connotes a group of agents working within the same organization, often with additional staffing and resources.
Author: Regular Articles
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