What is a Business Insurance Agent?

What are Business Insurance Agents and Brokers?

What is the difference between a broker and an agent? Which should you be using for your business? Both insurance agents and brokers help their customers obtain insurance coverage for their business. Both can offer broad ranges of insurance options, including:

• General Liability Insurance
• Professional Liability Insurance
• Commercial Auto Insurance
• Commercial Property Insurance
• Business Owners' Policy
• Business Interruption Insurance

How Are They Different?

An insurance agent represents an insurance company as an intermediary. They may be captive—which means they represent just one insurance company. Or they may be independent and represent a multiple insurance companies.

Brokers work independently and are accountable to their customer. They have a duty to analyze and determine the scope of coverage required by your business. They make sure you're getting the best coverage from the right insurer.

However, because they don't work directly with an insurance company they must hand you over to an insurance agent to complete a transaction.

Let Us Answer Your Questions!

Our goal at Tivly is to help you protect your business as efficiently as possible. If you simply have questions about getting in touch with an agent or broker, feel free to reach out. To get a competitive insurance quote, complete the form at the top of the page or call us at 877-907-5267.

Related Articles: How to Choose an Insurance Agent, Commercial Insurance Agent