Brokerfish

Understanding Insurance Agents

What is an Insurance Agent and How Do They Work?

An agent’s role is to provide advice, information, and support to customers who are interested in purchasing insurance policies. They help customers understand the coverage options available, explain the terms and conditions of each policy, and provide guidance on which policies best meet the customer’s needs and budget. Agents typically receive a commission from the insurance company for each policy they sell. It’s important to note that insurance agents have a fiduciary duty to act in the best interests of their clients, so they are expected to provide honest and unbiased advice. When working with an insurance agent, it’s important to carefully consider their recommendations and do your own research to ensure you’re making an informed decision about your insurance coverage.