For example, a home office would not need builders' risk coverage, a policy that protects buildings as they are being constructed. Most small businesses do need to be covered for property, liability and loss of income. An insurance broker is a person who represents a number of insurers. He does not represent an insurance company. He can compare the benefits of different policies and premiums from a broad range of companies to find the best coverage for your situation.
Insurance brokers have an assortment of business insurance policies available.
They often provide package deals to small businesses. Insurance agents, on the other hand, represent an insurance company. They offer only the products of that company. Selecting a broker or agent Finding a good commercial insurance broker or agent for your business takes detective work. See if they can recommend an agent or broker.