Brokerage
What Is an Insurance Brokerage?
An insurance brokerage is a company that connects you (the insured) with insurance providers. Think of a brokerage as a place where you can find a broker — a personal shopper who compares options from several insurance companies to help you find the coverage you need.
How Does a Brokerage Work in Business Insurance?
For certain business insurance types, the insurance provider doesn’t sell their coverage directly to the customer (you). So, someone from a brokerage steps in as the intermediary between you and the insurance provider, ensuring your policy fits your coverage needs. They typically get a commission for policies sold.
Do I Have to Use a Broker to Buy Business Insurance?
The good news: you don’t always have to use a broker to buy business insurance! Insurance Canopy offers ready-to-buy business insurance online for many industry types. You can skip working with a broker because we’ve already hashed out the details with our top-rated carriers and pre-packaged these tailored policies so you can get covered fast.
But if you do have questions or run a more unique business, we have licensed, non-commissioned agents who can help at every step. Contact us!
What’s the Difference Between a Broker and an Insurance Agent?
Broker: Works for you and helps you find the coverage you need
Brokerage Firm: Where you can find a broker to help you
Insurance Agent: Represents the insurance company
Get tailored coverage by selecting your industry below.