Insurance

What is a Broker?

Broker

[broh-ker]

noun

1.

Insurance Brokers are individuals who gather insurance quotes on behalf of a purchaser. They are different from Agents, in that Agents represent the company selling the insurance, while Brokers represent the party buying insurance. Brokers can be either retail or wholesale. Retail Brokers are those that interact directly with insurance buyers.

Have A Question About This Topic?

Thank you! Oops!

Related Content

To Catch a Thief

To Catch a Thief

Having your identity stolen may result in financial loss plus the cost of trying to restore your good name.

The Wild West of Data Theft

The Wild West of Data Theft

Learn about cyber liability insurance in this entertaining video.

Should You Tap Retirement Savings to Fund College?

Should You Tap Retirement Savings to Fund College?

There are three things to consider before dipping into retirement savings to pay for college.