There are many services you provide your clients as a retail insurance agent. You want to provide them with the finest insurance products that give the individualized protection they are looking for. However, there are professional clients that may present insurance needs that you cannot place in your standard markets at competitive prices. This is when you need the expert capabilities and experience of a Professional Liability Wholesaler.
What Is a Wholesale Broker?
A wholesale insurance broker provides specialized products to retail insurance agents and brokers. They support these insurance products with expertise in specific areas such as professional liability insurance. A broker can consider the accounts that you, as a retail agent, cannot place at a reasonable price in the markets you normally use. They can utilize markets or specialty insurers that underwrite hard to place or specialized insurance.
Why Use a Professional Liability Wholesale Broker?
The best reason to use a Professional Liability Wholesaler for your clients is specialization. Your professional clients have particular needs for liability coverage, and the wholesale broker excels in placing these unique accounts in markets that specialize in them. In this way, you work as a team with the broker and your clients are served with an excellent combination of good coverage and fair pricing.
When you have clients that require individualized professional liability coverage, you can assist them by using the services of a professional liability broker to help deliver the products they need.