Definition: Insurance Brokers are individuals or companies that act as intermediaries between a customer and their insurer, in order to provide information about available policies and services, compare them to each other, negotiate discounts, and help customers make an informed decision. Brokers also help consumers manage their personal finance by providing advice on ways to save money through insurance and financial planning techniques. Who are Insurance Brokers? Insurance brokers typically specialize in selling insurance products directly to individual clients or small businesses, such as small business owners who need a way to manage their policies or businesses with limited resources. They can also provide guidance on how to choose the best insurer for an individual's specific needs and budget. Definition of 'Who are insurance Brokers'? Insurance brokers typically specialize in selling insurance products directly to individual clients or small businesses, such as small business owners who need a way to manage their policies or businesses with limited resources. They can also provide guidance on how to choose the best insurer for an individual's specific needs and budget.
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