Insurance

What is a Broker?

Broker

[broh-ker]

noun

1.

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.

Have A Question About This Topic?

Related Content

Unexpected Collectors: Protecting Your Passion

Unexpected Collectors: Protecting Your Passion

Whether you meant to be a collector or not, your prized possessions need to be protected.

The Wild West of Data Theft

The Wild West of Data Theft

Learn about cyber liability insurance in this entertaining video.

Is Your Business Auto Up to Date?

Is Your Business Auto Up to Date?

A business owner needs to answer only one question when determining whether to have a commercial auto policy.