by leeleerambles » Tue Nov 08, 2011 05:07 pm
Maybe I'm naive...why would a company try and call insurance companies directly and spend so much time when they could just hire an insurance broker to get them business insurance? Seems so simple...No cash outlay, no risk. What am I missing?
Posted: Tue Nov 08, 2011 07:41 pm Post Subject:
Someone needs to be the agent. If a company is calling an insurance company for insurance, than the person they are speaking to would be acting an an agent.
Posted: Wed Nov 09, 2011 11:50 pm Post Subject:
Right of course someone needs to be the insurance broker. It is understandable that if an individual is doing it themselves, they are acting essentially as their own "insurance broker".
Posted: Fri Nov 11, 2011 10:00 pm Post Subject:
You must remember that there is a distinct legal difference between an "agent" and a "broker."
An agent, by law, represents their principal. In insurance transactions, the insurer is the principal represented by its agent, the producer.
A broker represents their client, such as a stock broker, mortgage broker, etc. Only certain states actually allow insurance brokers. So, if you want to call yourself a broker, you must live in a state which allows this.
InsTeacher 8)
Posted: Wed Jan 25, 2012 12:50 pm Post Subject:
Some of the companies doing that, because they don't have trust in agents, it happens with people, agents does not provide required information to the clients and that's why companies deal with insurance companies directly.
Posted: Wed Jan 25, 2012 02:57 pm Post Subject:
On the contrary, agents are better equipped and more knowledgeable about a wide range of products. You can explore a lot more options with the informed help of an agent than by going out there and shopping for insurance yourself.
Posted: Mon Feb 13, 2012 03:28 pm Post Subject:
Hi,
Agents are necessary for the Insurance, because insurance company can't come and specially check each and every people. Because the agents will act on behalf of Insurance company
Posted: Thu May 24, 2012 08:49 pm Post Subject:
Some people believe that when they get an agent they are paying for the middle man with high insurance premiums. They call an agency directly believing they will get lower insurance rates, when in reality the agent doesn't cost them a thing. Advertising shows them that direct = better/cheaper so they try to do it themselves when they can get a highly trained intermediary for free!
Posted: Tue Jul 31, 2012 03:00 am Post Subject: evfEoERLnbLNlGN
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Posted: Wed Aug 01, 2012 05:04 am Post Subject:
Insurance Agent is must because they will be acting as a middle member between people and insurance company because every insurance companies can't come to the people and tell them all benefits about insurance services so agent is necessary for insurance company.
Posted: Tue Aug 14, 2012 06:00 am Post Subject: insurance brokers.
most companies have insurance brokers to promote their services and benifits to the people.they paid more. we can use internet is an alternative way.
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