What’s the difference between an insurance agent and a broker? Generally an insurance agency represents one company. Their task is to sell the product of that one company. These are generally “captive” agents, and are not allowed by the company to offer products other than the company’s products.
An insurance brokerage is contracted with numerous companies. Their main purpose is to represent their client to the company. Thus their main loyalty is to their client. If one company is not giving their client good rates or service, then they can direct the client to another company.
Good Neighbor Insurance, Inc. is an insurance brokerage. As a brokerage we presently represent 12 international health insurance companies. This gives us the advantage of being able to direct our clients to insurance plans that best meet their needs. We handle all kinds of insurance products including group and individual health, short-term team, short-term worker, trip cancellation, term life, furlough, kidnap and ransom, liability insurance, etc. And in all cases we are in contact with multiple companies that sell these kinds of insurance plans.
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The information and advice on this website was deemed accurate when it was originally published. GNI cannot accept any responsibility or liability for any actions taken on the basis of the information provided, unless that information is subsequently confirmed in writing. For the latest up-to-date information please call us or check brochures and other published materials for latest revision/date.