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Misunderstandings about insurance brokers?
Misunderstandings about insurance brokers?
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Guest
Guest
Mar 14, 2023
3:15 AM
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One common misconception about insurance brokers is that they only work with large corporations and wealthy individuals. In reality, insurance brokers work with clients of all sizes and in all industries, from small businesses to individuals and families.
Another misconception is that insurance brokers are only focused on selling insurance policies. While brokers do sell insurance, their primary focus is on helping their clients manage risk and protect their assets. This may involve recommending insurance policies, but it also involves providing risk management advice, identifying potential gaps in coverage, and helping clients navigate the claims process.
Finally, some people may believe that working with an insurance broker is more expensive than buying insurance directly from an insurer. While brokers do receive commissions from insurers, they can often negotiate lower premiums or better coverage terms for their clients, which can result in cost savings in the long run.
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