Insurance Broker vs. Agent

What’s the Difference Between an Insurance Broker and Agent?

The difference between an insurance agent and broker is who they represent. Agents represent insurers, while brokers represent clients.

What is an Insurance Agent?

An agent is an employee that represents the insurer. If you buy directly from an insurance provider, you would be dealing with one or multiple agents. The larger the company, the more impersonal the service may be. Because agents serve one company, all of their offered solutions and policies will be from that company, and there is little-to-no room for negotiation.

What is an Insurance Broker

An insurance broker is an independent agency that represents the customer. Instead of selling policies from one company, an insurance broker can shop the market, compare plans and receive different price quotes that get passed on to the client. A broker also has a fiduciary duty to select products that protect the financial interests of their client.

Which Would You Rather Have in Your Corner?

Meeker Sharkey & Hurley is a leading insurance brokerage, headquartered locally in New Jersey. We’ll connect you with your personal representative, who will work with you to identify your potential exposures and recommend optimal solutions. Whether compiling a complex portfolio or explaining insurance requirements to a first-time home buyer, our goal at Meeker Sharkey & Hurley is to protect and preserve our clients’ assets and possessions from financial loss.

We Know Insurance So You Don’t Have To

At Meeker Sharkey & Hurley, we don’t sell you insurance. We help you buy insurance from leading providers. Book a discovery call today to get started.