Insurance Broker
/ˈɪnʃʊərəns ˈbroʊkər/
Definitions
- (n.) A licensed intermediary who negotiates and arranges insurance contracts between insurers and clients on behalf of the client.
The insurance broker advised the small business owner on the best liability coverage available.
Forms
- insurance broker
- insurance brokers
Related terms
See also
Commentary
Insurance brokers act in the interest of the insured, differentiating them from insurance agents who may act for insurers.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.