What does an Insurance Broker do?
An Insurance Broker is an insurance intermediary with professional skills in handling insurance business. They act as the agent of their client and they are normally remunerated mainly by a commission from the Insurer or sometimes by a fee agreed with the client.
Some insurance brokers specialise in certain 'niche' classes of insurance such as professional indemnity. Since January 2005 all insurance brokers and intermediaries must be registered with and regulated by the Financial Conduct Authority (FCA).
For more information please read our free guidance note on this subject Why You Need An Insurance Broker.