Are Insurance Brokers And Insurance Agents Different In New York?

An insurance broker is specialized in insurance and has the legal rights to represent you as a buyer in front of the insurance companies. The basic duty of insurance brokers is to identify the needs of a buyer, address his specific needs, and plan the policy according to the needs of a buyer. The brokers have the responsibility to protect the rights of their clients in front of the insurance companies. For example, if someone wants to buy insurance for his company, the broker will assess the overall condition of the business, identify the risks, this firm can experience, and recommend the most suitable policy.