Who do independent insurance agents represent?
Independent insurance agents typically represent a number of insurance companies, or “carriers”, and sell the products that most appropriately meet the needs of their clients. Independent agents typically are very well trained and knowledgeable of the complexities of the insurance market and insurance law.
Which organization consists of independent insurance agents and brokers?
The Independent Insurance Agents & Brokers of America (IIABA) The Independent Insurance Agents & Brokers of America (IIABA) is a national alliance of 300,000 business owners and their employees who offer all types of insurance and financial services products.
Is State Farm an independent insurance agency?
State Farm agents are independent contractors.
What does it mean to be an independent insurance agent?
An independent agent is an agent who partners with many insurance carriers. Think about it. One agent, countless options. First thoughts hearing that: holy cannoli! That sounds complicated, like a lot of work, and like it takes for-ev-er.
Which is the best insurance agent for You?
The reality is an independent agent is the best option if you are looking for coverages customized for you at the best price available. Independent agents are advisors, not salesmen. Policies with an Independent Agent.
Which is the best insurance company for independent contractors?
We reviewed over a dozen companies offering independent contractor insurance to help you find the best options to protect your business. The Hartford is headquartered in Connecticut and has over 200 years of experience in insurance. In the 1980s, they were one of the first insurance companies to offer a small business insurance center.
What are the different types of insurance agents?
For starters, there are three basic types of insurance agents out there: Captive (or direct writer) agents: These are most often the kind of agents your mom and dad used.
How to choose an independent insurance agent?
- Start with word of mouth. Put out the call on Facebook or other social media outlets that you are looking for some good referrals.
- Pay attention to complaints. Listen to friends who have dealt with an agent you are considering.
- Consider the type of insurance you need and ask related professionals.
- Try an independent insurance agent.
Why to work with an independent insurance agent?
Although the agents most commonly sell car insurance policies, licensed independent agents can sell any form of insurance, including renters, homeowners, and life insurance. The biggest benefit of working with an independent agent is fairly obvious – you work with one agent to get quotes from multiple insurance companies.
What does it mean to be an independent insurance agency?
An independent insurance agent is one who is not an employee of the company. You might be a “captive” agent (working for one company) yet still be an independent agent because you pay your own taxes and benefits. This is different than being an independent broker or running an agency with which you may have contracts with several insurance companies.
Why I am an independent insurance agent?
Independent agents are a one-stop-shop for all of your insurance needs. An agent typically doesn’t sell just auto insurance. They also sell homeowners, renters, health and life insurance, business insurance etc. Use them – at no cost to yourself – to handle all of your insurance in one place. Insurance is a complicated subject.