6 reasons Small Businesses should partner with an Independent Insurance Agent.

by Susan Paige on March 2, 2018 · 0 comments

Purchasing Commercial insurance can be a tremendous undertaking for many small business owners. This is one task that many business owners would be better off leaving to experienced professionals who can do the job of shopping for coverage better than the business owner can do themselves. Independent insurance agents are just the type of professional who can save you time and money by allowing them to search for coverage for you and allow you to do what you do best, which is run your business. Here are six reasons why partnering with an independent agent is a wise decision for most small businesses.

An Independent Agent does the shopping for you

When you partner with an independent insurance agent, especially one who has a relationship with multiple carriers, you can allow them to do the negotiating for you. You can look at this relationship as the agent being your own little insurance shop. This can not only get you a better price on premium, but it makes the carriers compete with each other for your business. This can get your business even more coverage to protect your precious investment.

They interact with multiple carriers

If you do decide to interact with an independent insurance agent, it is important to ask them how many carriers they have relationships with. Some interact with five to ten carriers, but others interact with twenty or more carriers. From your perspective, the more the merrier. If your agent has a relationship with many carriers, they have more places to go to in order to find you the best coverage at rock-bottom prices.

An Independent Agent can offer consumers choices.

No matter what you are looking to purchase, having more choices almost always gives you a better chance to get exactly what you want. That is what an independent insurance agent gives a business owner looking to purchase commercial insurance agent. If you decide to go with a captive agent, they can offer you one or a select few policies offered by the carrier they sell for. An independent agent can offer you those same pairings from as many as a dozen carriers. This can help you get better coverage or a better price no matter what your priorities are.

They Offer Unbiased Advice

A captive agent is an insurance agent that works for one carrier. They are as much an agent of the insurance company as they are an agent of you the customer. If you are looking to partner with someone to be a true intermediary between your business and the insurance carrier, an independent agent is the best way to go about purchasing coverage.

An Independent Agent can act as your advocate

Because the independent agent is independent from the insurance carrier, they can be your advocate to get your priorities met. If you value a strong insurance policy for all parts of your business, they can advocate for the best possible coverage for your business. If you value price above all, they can make the carriers compete for your business on that metric. No matter what you value in your insurance relationship, only an independent agent can truly keep your interests at heart when searching for the best policies for your business.

They can Help with Claims

When dealing with a claim may be the one time when a business owner is happiest they went with an independent agent. If you decide to go with a captive agent, you must remember at the end of the day the insurance company writes their check. An independent agent can act in the best interest of you the business owner and not the interests of the carrier with whom they represent. If the carrier is not living up to their obligations, your agent can step in and help with the claim. No matter the size of your business or the size of your claim, having an independent agent on your side will always help you get the most out of your insurance policy.


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