How Independent Insurance Agents Simplify Risk Management
Whether you’re a business or an individual, buying insurance isn’t just about finding the lowest premium. It’s about knowing that your company — or you and your family — are adequately covered for whatever risks lie ahead.
That’s where working with an independent insurance agency comes in. An independent agent takes a comprehensive, personalized approach to constructing a strategy that simplifies your risk management.
An independent insurance agency takes you beyond simply insuring against risks. Your agent proactively manages risks.
Here’s how an independent agent’s holistic approach simplifies risk management for you.
What Is an Independent Insurance Agent?
An independent insurance agent is a licensed professional who is your ally in the complex world of insurance. They represent multiple insurance carriers and work with you to find the right insurance that fits your needs at a reasonable price.
Unlike captive agents, who exclusively sell the insurance products of one insurer, independent agents can choose from a broad range of carriers to customize coverage to your needs.
Understanding Your Risk Profile
Your independent insurance agent is a trusted risk advisor who takes the time to get to know you and your business to learn about your risks and exposures.
Unlike a captive agent, an independent insurance agent takes a holistic view to evaluate your life or business operations to identify risks.
These agents do the following:
Conduct a thorough assessment beyond the standard to uncover potential risks and vulnerabilities that others might miss
Review your operations or lifestyle to understand how they might impact your insurance needs
Tailor your risk mitigation strategies to reduce premiums
Forecast future needs that may arise as your business grows and your family changes
Develop a strategic roadmap for your insurance needs
This approach can give you the clarity to see how you or your business is safeguarded today and in the days ahead.
An Independent Insurance Agent’s Process
Independent agents simplify risk management by following a process that builds a relationship with you. They become trusted risk advisors by offering personalized advice and strategies.
The process varies, but it can look like this:
Initial Consultation: An agent takes the necessary time to learn about you or your business
Risk Assessment: They take a deeper dive to root out all potential risks
Submission for Insurance: Understanding your risks, an independent agent submits details to insurance carriers
Proposed Insurance Presentation: They walk you through and thoroughly explain the best proposals for your coverage
Policy Selection: Once you make a selection, your independent agent will handle the paperwork for you, and you’ll receive your policy documents
Ongoing Support: The relationship is just beginning once you have insurance — your agent is available to answer questions, advocate for you with claims, review your policies before renewal, and change coverage, if necessary
Your independent insurance agent’s comprehensive, personalized approach to risk management can save you time and money and give you comfort in knowing you have the appropriate insurance coverage for you and your family or business.
Independent Agents Simplify Risk Management
When you work with an independent insurance agent, your risk management is simplified because your agent takes a holistic approach to identifying potential risks, finding you sufficient insurance against those risks, and proactively helping you manage them.