What role does a Broker play in insurance?

A broker's primary role in insurance is to act as an intermediary between clients and insurance providers. They work on behalf of the clients to search for and identify insurance options that best meet their needs. This involves assessing the client's requirements, understanding their risk profile, and then shopping around to find suitable coverage from various insurers. Brokers offer valuable expertise and guidance, helping clients navigate the complexities of different policies, coverage limits, and premiums to ensure that they make informed decisions about their insurance needs.

In contrast, options that involve being employed by insurance companies, handling claims, or underwriting policies do not accurately reflect a broker's role. Brokers operate independently rather than representing specific insurance companies, and their responsibilities focus on providing clients with a range of choices and expert advice rather than processing claims or assessing risks for underwriting policies.