| Because small business owners have so much to | | | | follows: |
| do and worry about already, a business insurance | | | | 1) Can negotiate the best rates for all types of |
| broker could be your best friend. In order to run | | | | insurance policies for businesses. |
| a well protected and properly insured company, | | | | 2) They can help to make sure that your |
| most business owners need to solicit the help of a | | | | company is holding all insurance policies that it is |
| broker. What is the difference between a broker | | | | required to have. |
| and an agent? Which is the best choice for you to | | | | 3) They can help to update your insurance policies |
| work with? | | | | as your business grows. Remember, your |
| The biggest difference between a broker and an | | | | insurance needs change dramatically as you gain |
| agent is the fact that an agent is employed by | | | | more employees, more revenue, more assets, |
| and represents a specific insurance company. A | | | | and more property. |
| broker works independently and can get rate | | | | 4) They can get you low rates on each type of |
| quotes from many different insurance companies. | | | | insurance by going to different companies for |
| While it is true that business insurance brokers | | | | each policy type. You are not glued into one |
| take higher commission rates than agents do, it's | | | | insurance company for all your business needs. If |
| also true that the reduced rates they are able to | | | | one company has lower rates for business auto |
| negotiate with the insurance companies usually | | | | insurance and another has lower rates for liability |
| offset this extra cost to you. | | | | insurance, you have the freedom to easily obtain |
| The main benefits of using a broker are as | | | | policies from each company. |