Commercial Insurance Agents Basics

Use the expertise of commercial insurance agents and brokers for your insurance needs

Figuring out the difference between insurance agents and insurance brokers is complicated. Both offer insurance to you; however, usually an insurance agent is tied to one company, whereas a broker is generally non-exclusive and can write for a variety of companies. While different in how they get quotes for you, both can fit products to the needs of your business.

Commercial insurance brokers and agents need to be knowledgeable about your business needs. They need to sit down with you to assess changes in your business to update your policy. Verify that the agent or broker is experienced in commercial insurance. Check for referrals from others in the business, check for complaints through the department of insurance in your state and ask questions.

Learn about the commercial insurance agents basics before you pick one to work with. Some things you need to know:

1. You can work with an exclusive agent for your business needs.

2. How to locate a commercial insurance broker or agent online.

3. Where to get local insurance agent information online.

Get quotes on commercial insurance agent services

Exclusive agents like to have the reputation of being that "good neighbor" or offering you helping hands. Many companies like their agencies because of the personal attention that comes from a local agent serving the customer one-on-one.

Find insurance broker services online

Business insurance brokers have the luxury of checking with many insurance companies to meet your insurance needs and pricing expectations. You can get several comparative quotes from one insurance company. Online companies now not only allow you to check for services like a broker, but offer quotes from companies that generally use exclusive agents.

Locate an insurance brokerage or agent in your area

Despite the convenience of online quotes, many people still want the easy availability of a local insurance agent they can talk to about their needs. The Internet is a powerful way to find a local agent or broker who knows commercial insurance and their needs.

• With commercial insurance brokers and agents, you typically pay an estimate of your insurance costs. At the end of the term, you're asked to provide accounting summaries. Beware of lowball insurance quotes that may be inaccurate, making you pay more at the end of the term.

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