{"id":7735,"date":"2023-04-05T13:23:03","date_gmt":"2023-04-05T13:23:03","guid":{"rendered":"https:\/\/doth.solutions\/wordpress\/prime-insurance-broker\/?p=7735"},"modified":"2023-12-01T10:09:18","modified_gmt":"2023-12-01T10:09:18","slug":"the-differences-between-insurance-brokers-and-insurance-agents","status":"publish","type":"post","link":"https:\/\/www.primeservice.ca\/careers\/2023\/04\/05\/the-differences-between-insurance-brokers-and-insurance-agents\/","title":{"rendered":"The Differences Between Insurance Brokers and Insurance Agents"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7735\" class=\"elementor elementor-7735\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7bc4836 elementor-section-full_width elementor-section-stretched elementor-section-height-default elementor-section-height-default\" data-id=\"7bc4836\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-feb928f\" data-id=\"feb928f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-653ead8 elementor-widget elementor-widget-html\" data-id=\"653ead8\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"page-title\">\r\n<div class=\"auto-container\">\r\n<div class=\"content-box\">\r\n<div class=\"content-wrapper\">\r\n<div class=\"title\">\r\n<h1 class=\"mb-0 text-left\">The Differences Between Insurance Brokers and Insurance Agents<\/h1>\r\n<\/div>\r\n<ul class=\"bread-crumb clearfix\">\r\n \t<li class=\"breadcrumb-item\"><a href=\"https:\/\/www.primeservice.ca\/careers\">Home \u00a0<\/a><\/li>\r\n \t<li class=\"breadcrumb-item\"><a href=\"https:\/\/www.primeservice.ca\/careers\/blog\">Blog \u00a0\u00a0<\/a><\/li>\r\n \t<li class=\"breadcrumb-item\">The Differences Between Insurance Brokers and Insurance Agents<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3bf1465 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3bf1465\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-79d2c55\" data-id=\"79d2c55\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-0fffd85 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0fffd85\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-46b6c78\" data-id=\"46b6c78\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f74356e elementor-widget elementor-widget-image\" data-id=\"f74356e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.2 - 22-02-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1060\" height=\"706\" src=\"https:\/\/www.primeservice.ca\/careers\/wp-content\/uploads\/2023\/04\/business-people-working-together_155003-15998.webp\" class=\"attachment-full size-full wp-image-7740\" alt=\"\" srcset=\"https:\/\/www.primeservice.ca\/careers\/wp-content\/uploads\/2023\/04\/business-people-working-together_155003-15998.webp 1060w, https:\/\/www.primeservice.ca\/careers\/wp-content\/uploads\/2023\/04\/business-people-working-together_155003-15998-300x200.webp 300w, https:\/\/www.primeservice.ca\/careers\/wp-content\/uploads\/2023\/04\/business-people-working-together_155003-15998-1024x682.webp 1024w, https:\/\/www.primeservice.ca\/careers\/wp-content\/uploads\/2023\/04\/business-people-working-together_155003-15998-768x512.webp 768w, https:\/\/www.primeservice.ca\/careers\/wp-content\/uploads\/2023\/04\/business-people-working-together_155003-15998-270x180.webp 270w, https:\/\/www.primeservice.ca\/careers\/wp-content\/uploads\/2023\/04\/business-people-working-together_155003-15998-600x400.webp 600w\" sizes=\"auto, (max-width: 1060px) 100vw, 1060px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-cd2806f\" data-id=\"cd2806f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-a24ea2c elementor-widget elementor-widget-text-editor\" data-id=\"a24ea2c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.2 - 22-02-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#818a91;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#818a91;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\tIf you didn\u2019t know already, insurance brokers and insurance agents are not the same thing. There are quite a few differences between the two. In this blog post, we will examine the main differences between an insurance broker and an insurance agent.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1a0df25 elementor-widget elementor-widget-heading\" data-id=\"1a0df25\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.11.2 - 22-02-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><div class=\"sec-title\">\n                    <h2 style=\"color: #2f62ae; \">Insurance Brokers\n<\/h2>\n                    <div class=\"text-decoration\">\n                        <span class=\"left\"><\/span>\n                        <span class=\"right\"><\/span>\n                    <\/div>\n                <\/div><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3ca43b elementor-widget elementor-widget-text-editor\" data-id=\"b3ca43b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<strong>1) Employer: Insurance Brokerage\n<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ddd6ee elementor-widget elementor-widget-text-editor\" data-id=\"4ddd6ee\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tInsurance brokers are employed by insurance brokerages, and they are responsible for working independently and growing their own businesses and client lists.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-726aaa8 elementor-widget elementor-widget-text-editor\" data-id=\"726aaa8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<strong>2) Insurance Brokers Represent You\n<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c37dea6 elementor-widget elementor-widget-text-editor\" data-id=\"c37dea6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tBrokers have their clients\u2019 best interests in mind, as that is who their licensing body dictates that must represent \u2013 the consumer\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2860f73 elementor-widget elementor-widget-text-editor\" data-id=\"2860f73\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tInsurance brokers depend on satisfying their clients\u2019 insurance needs for the success of their business. As a result, insurance brokers will work to get the best possible quotes and coverages for their clients.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f162943 elementor-widget elementor-widget-text-editor\" data-id=\"f162943\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<strong>3) Insurance Brokerages Earn a Commission\n<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19d53de elementor-widget elementor-widget-text-editor\" data-id=\"19d53de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tInsurance brokerages are required to inform you that they receive a commission ranging betweeen 12.5% to 20% of the premium, directly from the insurance companies. The commission is NOT an addition to your premium or price of insurance.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3a0a72 elementor-widget elementor-widget-text-editor\" data-id=\"e3a0a72\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tInsurance brokerages must notify you if they have any financial interest in any specific insurance company which can impact their offers to you.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa57309 elementor-widget elementor-widget-text-editor\" data-id=\"fa57309\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<strong>4) Insurance Company Partners\n<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7451472 elementor-widget elementor-widget-text-editor\" data-id=\"7451472\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tOne of the best benefits of getting insurance from an insurance broker is that they can shop around within the industry to find you the best insurance solution, both in terms of coverages available in the market &#038; in terms of your cost of insurance. Insurance brokerages partner with multiple insurance companies, which means that brokers can get quotes and offer policies from all of their partnered insurance companies.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28a9354 elementor-widget elementor-widget-heading\" data-id=\"28a9354\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><div class=\"sec-title\">\n                    <h2 style=\"color: #2f62ae; \">Insurance Agents\n<\/h2>\n                    <div class=\"text-decoration\">\n                        <span class=\"left\"><\/span>\n                        <span class=\"right\"><\/span>\n                    <\/div>\n                <\/div><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93bdd6c elementor-widget elementor-widget-text-editor\" data-id=\"93bdd6c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<strong>1) Employer: Insurance Company\n<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bebbc1c elementor-widget elementor-widget-text-editor\" data-id=\"bebbc1c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tInsurance agents are employed by insurance companies. For example, Desjardins, Co-Operators, or Bel-Air Direct, etc. all have their own insurance agents working for them. Insurance agents typically receive clients based on the people who call the insurance company directly.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6091d60 elementor-widget elementor-widget-text-editor\" data-id=\"6091d60\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<strong>2) You Are Usually Just a Number\n<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-02b5d72 elementor-widget elementor-widget-text-editor\" data-id=\"02b5d72\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tInsurance agents earn an annual salary paid by the insurance company that they work for, and they answer incoming calls as they flow in. Don\u2019t be surprised if they ask for your policy number and a review of your insurance situation every time you call!\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc721f9 elementor-widget elementor-widget-text-editor\" data-id=\"dc721f9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<strong>3) Exclusive: Only Sell Policies From One Insurance Company\n<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80434a3 elementor-widget elementor-widget-text-editor\" data-id=\"80434a3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tInsurance agents can only offer policies to clients from the insurance company that they are employed by. This means that if you need a new car insurance policy along with your home insurance policy, some insurance agents may not be able to help you get a new policy or their prices may not be very competitive. This is because the insurance company that they work for do not offer auto insurance quotes or does not have competitive auto insurance prices. Also, insurance agents may only keep their interests and the interests of the insurance company in mind, since their job is to sell insurance policies only offered by their employer.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6005ce6 elementor-widget elementor-widget-text-editor\" data-id=\"6005ce6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<strong>4) Inadvertent Claims\n<\/strong>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-290a165 elementor-widget elementor-widget-text-editor\" data-id=\"290a165\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tYou may find yourself accidentally opening a claim when you contact a direct writer insurance company! If you ask certain questions about potential claims, the call centre associate may open a claim number, not recognizing the serious negative impact it may have on your insurance record! by their employer.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4052251 elementor-widget elementor-widget-text-editor\" data-id=\"4052251\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tWe recommend getting your insurance from an insurance broker instead of an insurance agent because of all the benefits that an insurance broker can provide you with. It\u2019s clear that insurance brokers are the best option for you and your insurance needs. If you need an insurance quote or want us to review your policies, you can always give us a call at <a href=\"tel:905-886-7277\">905-886-7277<\/a>.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-127e5a0 elementor-widget elementor-widget-text-editor\" data-id=\"127e5a0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/webrater.appliedsystems.com\/WR\/Default.aspx?GC=PRIMES&#038;LANG=EN&#038;LOB=AUTO&#038;WFW=NST&#038;ORGSITE=Blog\" target=\"_blank\" rel=\"noopener\">Get an Online Auto Insurance Quote Now!<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-72f283e elementor-widget elementor-widget-text-editor\" data-id=\"72f283e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tBy <b> Laura Parkes<\/b>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Differences Between Insurance Brokers and Insurance Agents Home \u00a0 Blog \u00a0\u00a0 The Differences Between Insurance Brokers and Insurance Agents If you didn\u2019t know already, insurance brokers and insurance agents are not the same thing. There are quite a few differences between the two. In this blog post, we will examine the main differences between [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7740,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-7735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-our-blog"],"_links":{"self":[{"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/posts\/7735","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/comments?post=7735"}],"version-history":[{"count":35,"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/posts\/7735\/revisions"}],"predecessor-version":[{"id":9097,"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/posts\/7735\/revisions\/9097"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/media\/7740"}],"wp:attachment":[{"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/media?parent=7735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/categories?post=7735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.primeservice.ca\/careers\/wp-json\/wp\/v2\/tags?post=7735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}