How does a business normally purchase P&C coverage?
You have several ways to obtain coverage:
- Licensed insurance agents or Brokers – These are licensed representatives, who sell the products of a variety of insurance carriers.
- Licensed Consultants (paid by the insurance buyer) – They evaluate the needs of a business and recommend the best coverage for the price.
- Carrier – They are the issuing company of the insurance policy.
Next Question: What information will you need to supply to obtain coverage?