Insurance Agent Vs Insurance Agency
Insurance agent tends to be just 1 single person that sells insurance. An insurance agency is the actual business that the insurance agent sells through.
Did you know that insurance agency is different from a brokerage because of the official terminology stating that agency is for the insurance carrier while a broker represents the person? Sometimes people use these words interchangeably though!
Check out this article on insurance agency vs insurance brokerage:
Are Insurance Agencies Captive?
It depends. Most of the time you will see that a captive insurance company is referring to themselves as a insurance agency. When it comes to Allstate, Farmers, American Family, Shelter’s, State Farm. Those will always brand by the name of a insurance Agency.
Now sometimes when a company sells for more than one insurance carrier they could be referred to as a brokerage due to this concept of “brokering” with different companies. Sometimes a company that has the ability to place business through different insurance companies will refer to themselves as a agency.
Recent Posts
In this article: insurance broker resources. IBR. insurance broker. broker resources. Difference between insurance agent and insurance agency. Insurance agent vs insurance agency. insurance agents vs insurance agencies. insurance agents vs insurance agency. insurance agent vs insurance agencies.