answersLogoWhite

0

An Insurance Broker has a duty of care to the client to secure the best deal on the market by 'broking' the insurance requirement out to all insurance companies who will accept the risk.

An Agent of an Insurance Company works only for the Insurance Company concerned and thus the client will get a quote from only the insurance company the Agent represents .

User Avatar

Wiki User

15y ago

Still curious? Ask our experts.

Chat with our AI personalities

ReneRene
Change my mind. I dare you.
Chat with Rene
TaigaTaiga
Every great hero faces trials, and you—yes, YOU—are no exception!
Chat with Taiga
JudyJudy
Simplicity is my specialty.
Chat with Judy

Add your answer:

Earn +20 pts
Q: What is the difference between an insurance agent and insurance broker?
Write your answer...
Submit
Still have questions?
magnify glass
imp