What do insurance brokers do?

1. what is an insurance broker?
2. what do you have to do as an insurance broker?
3. If you are an insurance broker, how is your job related to the law?
4. what is your typical day like?
5. what are the educational requirements to become an insurance broker?
6. why did you want to become an insurance broker?
7. what do you enjoy most about being an insurance broker?
8. What's challenging about it?
9. How long have you been an insurance broker?
10. what advice would you give to someone who wanted to be an insurance broker?

An insurance broker is a sales agent who instead of being captive to one company, is independent and can sell many companies.
You would have to study and pass your state exam to acquire a license then get hired at an agency.
I would say, if you like a challenge every day then this is a good job for you. it is not easy, if it was everyone would be lined up to do it. but if you are diligent, work hard, and are good with people- then go for it!

1. An insurance broker sells policies from different companies which they can compare from and usually receive a commission for each policy sold and charge a broker fee to the client.
2. As a broker your main goal is to sell policies offered by insurance provider that you are appointed with
3. Laws vary depending on which field of insurance that is being sold.
4. A typical day would be to follow up on any leads and try to accomodate the potential client and close a deal. it may also include some customer service.
5. Depending on the type of license you want, you would need to attend a class for a certain number of hours and then pass the state exam.
6. I became an auto insurance broker because I figured that there will always be need for cars to be insured so basically for job security.
7.My salary is based on my commission therefore the I enjoy challenging myself to be more productive.
8.The most challenging part is closing the deal.
9.I have been in the industry for 10 years
10. I would advise anyone to go ahead and obtain their insurance license. it could open a lot of doors. As I said before, laws make it that drivers must have some sort of auto insurance therefore it is an industry that will not go away any time soon. There is also a lot of job openings for licensed agents.

I only specialize in auto insurance. If you'd like to know more about auto insurance you can visit this site that I frequent http://www.onlineautoinsurance.com/

1. what is an insurance broker?

Unlike the agent who usually can only sell the company they work for, the broker represents many carriers.

2. what do you have to do as an insurance broker?

Help your clients find the right product from the right company before the sale. And help them with administrative and claims processes (if they need help) after the sale. also, keep the client up to date with changes in the market.

3. If you are an insurance broker, how is your job related to the law?

It's not...other than you can't break it.

4. what is your typical day like?

Answer the phone...talk for 10-30 minutes...hang up...answer the phone again....repeat 20 times. (jump on Yahoo answers to break the monotony of talking on the phone)

5. what are the educational requirements to become an insurance broker?

You need an insurance license...having some professional designations helps prove you know what you're talking about. but conviction in tone helps too.

6. why did you want to become an insurance broker?

Being an agent sometimes puts a manager breathing down your neck to sell what benefits THEM most. Being a broker allows you more freedom..and believe it or not you usually get paid more to be a broker than an agent because the manager at the agency is usually taking a slice of the pie.

7. what do you enjoy most about being an insurance broker?

Helping people the way I see fit.

8. What's challenging about it?

Convincing the clock to create more hours to get it all done.

9. How long have you been an insurance broker?

~17 years....

10. what advice would you give to someone who wanted to be an insurance broker?

Go for it.

1. An insurance broker represents a person when they are shopping for insurance.
2.You have to gather information from your client and find the policy they want and need.
3.Insurance is a contract between the insurance company and the insured. You help the client complete the contract with the company.
4.You are either selling insurance or looking for someone to sell insurance too. That is the biggest part of the day.
5.Most states require you to study and pass an exam. The material usually requires to to study for 40 hours before you take the test. Can vary by state.
6.I love running my own business and we deal with people daily. no inventory is nice and its a relationship business.
7.The freedom to run my business according to what I feel is important to me.
8.There are two major challenges. Finding customers and then finding great rates for them. it is challenging with great rewards for the effort.
9.Eight years.
10.start working with someone first. There is a lot to know and a successful person can give you the tools, resources, and on the job training you need.

What do insurance brokers do?