Lakeville, Minnesota
20765 Holyoke Ave. Ste. B
Lakeville, MN 55044
(763) 398-4027

What's the Difference Between a Captive Insurance Agent & a Broker? March 13, 2018

Lakeville, Dakota
What's the Difference Between a Captive Insurance Agent & a Broker?, Lakeville, Minnesota

Shopping for insurance can be confusing at best. That’s why you want to align yourself with the best agents who have a clear understanding of the market as well as the type of coverage you need. But should you go with a captive agent or a broker? Insurance Advisors has been providing quality products to their Lakeville, MN, clients for over 40 years. Below, they describe the differences between the two professionals.

Captive Insurance Agents vs. Brokers

Captive Agents

These professionals work for a specific insurance provider and have extensive knowledge of the products that company offers. They normally receive sales commissions from the parent company and could best be described as a product specialist. If you are only interested in the insurance offerings of a certain provider, a captive agent will be helpful.


insuranceWhen it comes to selecting the best insurance for your needs, it’s important to understand all the options. A broker is not relegated to selling only one product from one company; they are free agents. They have general knowledge of the overall market and will be able to match you with the most appropriate products for your specific needs. Their services could be described as more customer focused, as they are not receiving any commissions from big companies, and their only obligation is to you, the client. 

If you’re unsure who to work with when it comes to insurance coverage, seek out an expert who is willing and able to look at the big picture. The professional team at Insurance Advisors is made up of qualified brokers who have access to the latest products on the market. They provide the individualized customer service you need to find the right coverage for your situation. Call them today at (763) 398-4027 to speak with a staff member, or visit their website for more information. 

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