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Have you ever wondered what the role of insurance brokers is?
An insurance broker is a salesman that sells insurance policies for a specific company or several insurance companies.
insurance brokers should provide accurate insurance information, but are not allowed to provide financial advice unless they are a registered financial services provider.
Insurance brokers provide financial advice regarding the best insurance options from one or more insurance companies. A company can also act as a broker for another company.
For Instance, Miway insurance underwrites many policies sold through third party companies. Miway is assessing the policy before underwriting it. The reason is simple. Miway has your interests at heart. You are the most important person in the agreements and as such Miway offers direct coverage through other companies with which you as the client are happy and wanted to go into a cover agreement.
