Insurance Broker Job Description

insurance broker job description includes a detailed overview of the key requirements, duties, responsibilities, and skills for this role.

Last update : July 14, 2023

Insurance Broker Job Description

An insurance broker is a person or company that acts as a middleman between insurance companies and their clients.

An insurance broker typically acts as an insurance policy buyer’s agent when a client has an interest in a particular type of insurance, such as life or health insurance.

The broker will search the insurance market to find the best possible coverage at the best price, and can help the client understand the terms of a contract.

The broker’s responsibilities may include: explaining insurance policy benefits, recommending types of insurance the client might be interested in purchasing, and explaining the process of filing insurance claims.

Clients of insurance brokers enjoy access to multiple insurance companies, as well as the broker’s knowledge and experience in insurance.

Job Brief:

We’re looking for an experienced insurance broker to help us find the best possible coverage for our needs. You’ll need to be familiar with a variety of insurance products and be able to work with us to find the right combination of coverage and cost.

Insurance Broker Duties:

  • Identify customer needs for different types of coverage
  • Process and service insurance policies
  • Promote sales of insurance products
  • Develop and maintain relationships with current and prospective customers
  • Research and instruct customers on coverages and products
  • Develop and uphold company policies and practices

Insurance Broker Responsibilities:

  • Insuring client companies, from startups to Fortune 500 companies, against risks related to property, liability, and workers’ compensation
  • Assisting employers with safety and work comp compliance
  • Assisting employers with maintaining compliance with applicable rules and regulations
  • Assisting employers in working with third-party agencies
  • Identifying risks and recommending solutions for employers
  • Facilitating insurance needs assessments
  • Assisting employers in obtaining insurance coverage
  • Managing claims and billing, and advising employers on risk management best practices

Requirements And Skills:

  • Associate’s degree or higher from an accredited college or university in business, finance, accounting, insurance, or real estate
  • Previous experience in the insurance industry, with specialization in commercial lines
  • Strong problem-solving skills
  • Excellent verbal, writing and presentation skills

We at [Company Name] are proud to be an Equal Opportunity Employer. We believe that a diverse and inclusive team is essential to building a successful business. We encourage applications from people of all backgrounds and experiences, including people of all races, religions, national origins, genders, and ages, as well as veterans and individuals with disabilities.

Share this article :