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?

Related Content

A New Way to Look at Your Bucket List

Bucket lists don’t have to be for tomorrow.

Did You Know This Fact About Fire Extinguishers?

How often should you check your fire extinguishers? Do you know?

What to Look for in Personal Finance Apps

An increasing number have been developed to help individuals with their personal finances.