LOS ANGELES, Oct. 15, 2021 /PRNewswire-PRWeb/
-- Compare-autoinsurance.org has launched a new blog post that
presents the most important information drivers need to know about
car insurance-broker agents.
For more info and free car insurance quotes, visit
https://compare-autoinsurance.org/what-is-a-car-insurance-broker-agent/
Insurance-broker agents are insurance professionals who play the
role of both an insurance broker and an insurance agent. They can
work for either a single insurance company or a group of insurers.
Their role is to explain insurance products to potential customers
of a specific insurance company, then recommend the best insurance
products for the needs of that customer. As a broker, the
broker-agent can shop around on behalf of clients, recommending
other insurance products based on the client's needs.
To better understand the role of an insurance-broker agent,
consider the following:
- The difference between insurance agents
and insurance brokers. Insurance brokers are professionals who
recommend products from multiple insurance companies. The broker
analyzes the customer's needs and options and then recommends the
best policy options from different companies. The broker gets a
commission when the customers purchase insurance. On the other
hand, insurance agents are employees of a specific insurance
company and they can recommend and sell products only from their
insurance companies. Besides getting sales bonuses and commissions,
insurance agents also get a salary. Insurance-broker agents play
both of these roles. They can recommend products from a specific
insurance provider, while also having the freedom to recommend
products from other insurers. Some insurance-brokers are salaried
employees of an insurance company, while others are contractors for
a group of insurers. Some of them are even self-employed.
- The duties of an insurance-broker
agent. Their duties vary among insurance companies. While some
insurers call their agents "broker-agent" to get more customers,
other companies hire broker-agents on a contractual basis to drive
customers to their business. There are many broker-agents who are
free of any contractual obligations and work more like a broker.
These ones can recommend their customers products from different
insurers without having a bias towards any specific provider. Other
broker-agents work specifically with large companies to solve their
insurance needs. Usually, these broker-agents specialize in a
specific aspect of the insurance industry and they can recommend
companies the best insurance products for their different insurance
needs such as insuring a fleet of vehicles or covering hundreds or
thousands of employees.
For additional info, money-saving tips, and free car insurance
quotes, visit https://compare-autoinsurance.org/
Compare-autoinsurance.org is an online provider of life, home,
health, and auto insurance quotes. This website is unique because
it does not simply stick to one kind of insurance provider, but
brings the clients the best deals from many different online
insurance carriers. In this way, clients have access to offers from
multiple carriers all in one place: this website. On this site,
customers have access to quotes for insurance plans from various
agencies, such as local or nationwide agencies, brand names
insurance companies, etc.
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SOURCE Compare-Autoinsurance.org