🔍What Is The Difference Between an Insurance Agent and an Insurance Broker?
Understanding the difference between an insurance broker and an insurance agent is key to navigating the world of insurance effectively.
An insurance agent typically represents one or more insurance companies and works on their behalf to sell policies. They are often bound by contracts with these insurers and focus on finding the best policies within their portfolio to match the client's needs.
On the other hand, an insurance broker works independently on behalf of the client. Brokers have access to a wider range of insurance products from multiple insurers, allowing them to compare different options and negotiate the best coverage and terms tailored to the client's specific needs.
Unlike an insurance agent who represents different companies, Oakwood Risk Insurance Solutions operates as a broker with one focus: YOUR NEEDS.
Our priority is finding the best coverage options across a wide range of insurers, ensuring that what you get is not just a policy, but peace of mind tailored to your unique situation.
By working with us, you’re not just getting a broker - you are gaining an advocate. We are here to simplify the complexities, answer your questions, and make sure you’re always in the best hands.
In essence, while an agent's loyalty is primarily to the insurance company, a broker’s loyalty lies with the client. Both play vital roles, but understanding this distinction helps you make informed decisions about your coverage.
Our clients’ trust is something we value deeply and we are here to support you every step of the way!
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VP Enterprise Risk Management
3moGreat promotion.