What is the role of an insurance broker?

What is the role of an insurance broker?

November 11, 2019 Views: 4408
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The role of an insurance broker is to work for their client to help them understand the risks that they face, to find insurance products and services that will help to reduce the potential impact of these risks.

Put simply, an Insurance Broker is a specialist in insurance and in risk management.

The role and expertise of Insurance Brokers cover a few key areas. An insurance broker is a professional who offers, negotiates, and sells insurance policies. They act as an intermediary between insurers and customers and may receive compensation from the insurer when insurance policies are purchased by a client. An important role of an insurance broker is to help clients to assess the types of risks they might face and the possible impact that these risks might bring. Insurance Brokers work with their clients to help them understand and purchase the insurance they need to reduce the risks they are exposed to. Insurance Brokers work for their clients. In contrast to an Insurance Agent, who is working for the insurance company, Insurance Brokers are on the client's side and work with their client's best interest in mind. Want to learn more about what exactly does an insurance broker do? OR if you are ready to find an Insurance Broker, then you have come to the right place. Advisr exists to help people find and connect with an Insurance Broker. Read reviews from clients about what it is like to work with various insurance brokers. See what areas of expertise an insurance broker specialises in. Find and connect with an insurance broker near you.

General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

Andy Jamieson ABN : 17613588266

Advisr does not provide advice and does not hold a financial service license (AFSL). All information above has been provided by Andy Jamieson.

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