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An insurance broker is often an independent intermediary whose job it is to work on your behalf to find the best insurance policy from a range of insurers ( underwriters ).
Some intermediaries trade under titles such as 'agent' or 'consultant'. Where this is the case, they might only represent between a handful of insurance companies. Whoever you buy from is obliged to tell you what sort of intermediary they are.
See also: BIBA
Last Updated: November 2007 © Moneyextra.com
Our senior editor Robin Amlôt recommends you should consider taking independent financial advice before acting on any article. Please contact us for help with your individual circumstances if any assistance is required.