An insurance broker is a professional that helps consumers and businesses research and select the best insurance policies for life, health, property and automobile protection. An insurance broker works for an agency and represents more than one insurance company. When insurance is needed, an insurance broker will place policies on behalf of their clients with the companies that offer the best coverage and rates. Typically, an insurance broker maintains records, prepares reports, markets their services, and, in the event of a loss, an insurance broker will also help policyholders settle any claims. Today’s insurance broker is extremely versatile offering other services such as retirement and estate planning. A formal education and specialized training is usually required to pursue a career as an insurance broker. An insurance broker is paid in one if four ways: commission only, salary only, salary plus commission or salary plus bonus. |
