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Why Use A Commercial Insurance Broker In Massachusetts?
Posted: Oct 01, 2014
In the United States, insurance brokers are state regulated agencies which sell, solicit, or try to negotiate insurance via the state. These people have to be licensed by the state that they are operating in. What they do for their clients is they apply for insurance in lieu of their clients doing it for themselves. They typically do this in exchange for some fees on top of the cost of the insurance. The service that they provide typically limits the contact that their client will have with the actual insurance companies. Generally, the difference between an insurance agent and an insurance broker is that the insurance broker has no agreement, contractual or otherwise, with the actual insurance company as a whole. This means they are not biased in the way that they can interact with the company or their clients.
There are many benefits to the use of insurance brokers. For one thing, insurance companies will typically send tons of advertisements to your door as soon as you begin to contact them regarding insurance. To avoid this, you can opt to go to a broker which will keep your information private. Insurance brokers will also have good contacts within the industry who can get better deals on insurance. They are also capable of submitting applications to various insurance companies at the same time so that they can cherry pick which one will ultimately be the best for their clients. This is not a fool-proof way of obtaining insurance, but it is better than simply relying on advertising to choose your insurance company.
Recommendations for Finding Commercial Insurance Brokers in Massachusetts
There are many ways to find a good insurance broker. In Massachusetts, especially, there are a few ways to find an insurance broker for your company. This will help you achieve all of the benefits that are listed in the above section and, beyond that, it will also save you money and get you exactly what you need in your commercial insurance.
Here are a few of the places that you can turn to find a good commercial insurance broker:
- Recommendations – Ask your colleagues or other businesses in your area what they are doing to find their own insurance.
- Massachusetts Association of Insurance Agents – Looking in this listing will help you find commercial professionals who are able to sell you insurance with full qualification from state licensing boards.
- Google – This should be an obvious choice. Utilize Google in your search so that you can find exactly what you need. The only issue is that the listings will not have reviews and they are subject to "being bought" through ads.
- Check business journal websites – Many business journals have information online in which they list the top companies in given specialties. This can be a great way to find a quality commercial insurance broker.
To learn more about Massachusetts based insurance brokers, please visit the website listed below:
Commercial Insurance Brokers Mass
Regardless of the method you use to find a good insurance broker, your business will be better and safer for it.
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