Commercial Insurance Agents and Brokers Education and Training

Obtain the proper knowledge and tools for commercial insurance agents and brokers jobs

Commercial insurance agencies provide insurance coverage for businesses. The policies they offer help businesses to protect their assets and cover liability for any errors or problems with their products or services or on their premises. As a commercial insurance broker and agent, you are the individual who finds the best policy and rate for a business owner’s needs.

While you don’t have to obtain a degree in order to become a commercial insurance agent, there are other ways to fluff up your resume, attain better jobs within the industry and further your career. The following resources will help you to obtain helpful commercial insurance agents and brokers education and training:

1. Achieve the proper licensing in order to legally sell policies in a commercial insurance agency.

2. Read articles and publications about commercial insurance rates and trends.

3. Provide the best options for your clients by attending conferences and learning more about the legal requirements and costs of commercial insurance.

 

Gain a commercial insurance broker license

In order to sell commercial insurance, you must obtain a license from the state board where you reside. Regardless of whether you work as an independent agent or as the local broker for a national company, in order to offer insurance policies, you must pass an exam, obtain a license and, depending on the state regulations, periodically renew such licensing. Most companies also prefer to hire individuals as agents that have a degree in business or economics.
Try: The United States Department of Labor – Bureau of Labor Statistics further explains the training and qualifications needed to become an insurance sales agent. Select your state on the Learninsurance map to determine what licensing requirements that state maintains.

Access articles and blog posts to offer more as commercial insurance agents

Many organizations associated with the insurance industry offer articles or blogs that discuss the current trends and developments within the commercial insurance industry. Some authors write these publications from the perspective of the consumer, but that will help you to better understand the desires and needs of your customers.
Try: Periodically visit the blog offered by the Commercial Insurance Group, an organization that helps individuals find the right insurance for their business. Subscribing to Business Insurance gives you access to articles regarding the latest news in the commercial insurance industry, as well as webinars and information on conferences.

Attend conferences that discuss options for commercial insurance brokers

Conferences and seminars in the commercial insurance industry will help you to see what resources are available to assist you in providing the best insurance policies and rates to your customers. They will discuss new policy options, rate comparisons and how to determine what options best fit your clients' specific needs.
Try: TrainUp offers a commercial insurance training seminar to help you familiarize yourself with the available policy options for a business. Attend the annual National Association of Commercial Insurance Companies' (NAMIC) Commercial Lines Underwriting Seminar.

 

• In addition to obtaining state licensing to become a commercial insurance agent, the insurance company you work for may require other exams and certifications before it will allow you to represent the company.

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