• Does An Insurance Broker Operate The Same Way As An Insurance Agent?

Both are insurance intermediaries, but there is a big difference between the two. An insurance agent acts on behalf of one or more insurance companies and can only access the products offered by the insurers the agent represents. An insurance broker is a full-time insurance professional, who works for you and acts on your behalf. The broker is independent, obliged to act in your best interests and can arrange the best protection for you at a competitive rate.