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independent insurance broker job description

An independent and unbiased link between the consumer and the large companies trying to attract them, brokers find the best policies for their clients and ensure they don’t get ripped off. Initially, this task may involve making calls from contact lists derived from lead generation services or company advertising. In order to attract Insurance Broker that best matches your needs, it is very important to write a clear and precise Insurance Broker job description. As an Insurance Broker, you will be responsible for selling insurance plans to new customers, up-selling plans to existing … Independent Insurance Agent Job Description Template. The low-stress way to find your next independent insurance agent job opportunity is on SimplyHired. INSURANCE JOB DESCRIPTION INDEX Sell life, property, casualty, health, automotive, or other types of insurance. Good communication and interpersonal skills. Insurance consultants are sales agents whose main job is to provide information to people about various insurance plan options. A generous stock bonus plan and the opportunity to earn additional financial incentives, awards and trips. Brokers have plenty to keep them occupied during the day, and much of their job is centred arou… He holds a Master of Business Administration from Iowa State University. You usually need a formal qualification in commerce, accounting, finance, economics or actuarial studies to work as a Financial Broker. You will be greeting clients daily, either in person or via answering the telephone. Broker, Insurance Broker, Product Consultant and more on Indeed.com While a diploma is a minimum requirement, the bureau noted that one-third of all agents have a bachelor's degree. Apply now for jobs hiring near you. They typically travel to clients and inspect a property that a policyholder claims had been damaged. Provides service to clients’ changing insurance needs by selling life, health, and disability insurance. Sample Job Titles Insurance Broker Job Description Template. The ability to make substantial first-year and residual commissions. Along with any state-mandated certifications, some firms require that you complete internal training programs before selling each particular class of products. Negotiating with underwriters to get the best policy at the best price. Independent insurance reps have to become product experts in a couple ways. Aflac offers an opportunity for unlimited earning potential, performance-based incentives, trips and other rewards. Working from home as an independent insurance agent gives you the flexibility to set your own hours to accommodate clients and a comfortable atmosphere in which to work. The opportunity to sell the No. Networking through local civic organizations and community involvement is also a great way for reps to get to know potential clients. Because of changes in the financial services industry, many insurance agents and brokers now … 1 provider of individual voluntary insurance products at the worksite in the U.S. 2 Compensation equal to the effort you put in. Researching all the available policy options for the client. Presenting policy details to the client and signing the policy agreement. Insurance agents and brokers assist customers in finding the right kind of policy for their needs. The educational requirements of agents are similar whether you work for an insurance company or as an independent representative. May refer clients to independent brokers, work as independent broker, or be employed by an insurance company. Advising clients on risk management initiatives. Answering questions, supporting customer claims and providing updates on changes are standard aspects of service. In local communities, agents also prospect with family, friends and acquaintances. You'll connect clients with the insurance company that meets their needs and offers them the best value. New independent insurance agent careers are added daily on SimplyHired.com. Unlike captive agents, who are associated with specific providers or with specific insurance products, insurance brokers sell and manage insurance products across companies and risk types. Meeting with potential clients to discuss their insurance needs. Job Description for an Insurance Underwriter's Assistant, Job Description for a Property Claims Rep. How Much Does a Combined Insurance Agent Make a Year? Independent Agents, The Qualifications for an Insurance Broker. Develops base for long-term sources of clients. Insurance renewals are big business for independent agencies. Insurance Brokers use their extensive knowledge of the industry to find the best policy for a client when reviewing risk factors and finances. Insurance sales representatives typically sell a mix of products that includes home, auto, life, dental, disability, property and casualty and business insurance. Insurance Employment Services. You must understand what the client needs to know in order to direct him or transfer his call properly. Develop and design program alternatives, provide advice on marketplace trends, insurance carrier capabilities, strategic market access points, benchmarking and creative program … Answering questions, supporting customer claims and providing updates on changes are standard aspects of service… Manage your team, time and resources to watch your business grow. Job duties of an Independent Insurance Agent include cold calling potential customers, providing information about insurance policies, assisting customers with claims, and maintaining insurance records. About 70 percent of reps work for independent brokerages or as self-employed independent agents as of 2013, according to a "U.S. News & World Report" career profile. Insurance Broker is a specialist in insurance and risk management. Neil Kokemuller has been an active business, finance and education writer and content media website developer since 2007. Insurance Agent Job Description. There are over 13,139 independent insurance agent careers waiting for you to apply! Our company is looking for a Independent Insurance Agent to join our team. Insurance Brokers act as intermediaries between insurance companies and individual or corporate clients. Sell life, property, casualty, health, automotive, or other types of insurance. Responsibilities: You will be expected to provide continued service to your clients; You must be able to meet with your clients and determine their insurance needs: both personal and professional. Insurance brokers liaise between clients and insurance companies, with a goal to find the best deal to suit their clients' needs. A successful agent helps his customer explore other insurance policies when the value of an existing policy wanes. Post a Insurance Broker job to 100 job boards with one submission. Insurance renewals are big business for independent agencies. Insurance Broker jobs now available. Search Independent life insurance agent jobs. Browse 407018 Insurance Broker jobs on our job search engine. Financial Brokers operate as independent agents to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients. Relatively new independent agents typically spend a great deal of time prospecting for new clients. Additionally, you need expertise in all the products your company offers. Establishes productive working relationships with clients. Independent Insurance Broker NEW! You also must speak clearly so the client can understand you. Advising clients on when and how to make a claim on their policy. Property and casualty insurance agents sell policies that protect people and businesses from financial loss resulting from automobile accidents, fire, theft, and other events that can damage property. As an independent contractor, you have the freedom and flexibility to build your own business. A key role for an independent agent is to watch out for changes in a customer's policy terms and premiums with a particular provider. Insurance sales agents are required to have some formal education. 18,083 Independent Insurance Agent jobs available on Indeed.com. As an Insurance Broker, you will be responsible for selling insurance plans to new customers, up-selling plans to existing customers, and cultivating lasting relationships. The Job Responsibilities of a Commercial Insurance Broker Include: Gathering information from clients, assessing their risk profile and insurance needs. The average annual pay for all reps was $63,400 as of 2012, per the U.S. Bureau of Labor Statistics. 562 open jobs for Independent life insurance agent. Also known as insurance examiners, analysts, specialists, appraisers, or investigators, claims adjusters must decide how much an insurance company should pay for a damage or loss. First, unlike company-specific reps, independent agents typically work with a variety of providers and must become familiar with the policies of each. We are looking to hire an experienced Insurance Broker to expand our client base. Insurance Consultant Salary. Compiles lists of prospects. Make the next step in your career on Monster jobs. Bachelor’s degree in Accounting, Finance or Business Management. In self-employment and for many employers, the only formal requirement is that you complete your state's licensing exam to become qualified to sell insurance products. May refer clients to independent brokers, work as an independent broker, or be employed by an insurance company. In-depth knowledge of insurance products. See salaries, compare reviews, easily apply, and get hired. A top-notch Insurance Broker creates lasting and trusting relationships with clients by finding them the best product for their needs. Get recognized for your hard work. Job Duties of an Insurance Broker As an insurance broker, you'll work on behalf of multiple insurance companies, usually in an independent capacity. Learn about the degree programs, job duties and skills required to see if this is the right career for you. Insurance Business Growth: Direct vs. Posting ads, sorting through applications and résumés, conducting interviews, checking references, and testing skills take time away from your regular duties. Get the right Independent life insurance agent job with company ratings & salaries. Royalty Wealth Services Austin, TX Pay. Broker Job Description Brokers facilitate a variety of business transactions, such as real estate deals, by acting as an intermediary between the parties involved. Proven work experience as an Insurance Broker. You may also have to complete product-specific certification in some cases. Completely free trial, no credit card required. U.S. Bureau of Labor Statistics: Occupational Employment and Wages, May 2012: Insurance Sales Agents, U.S. News & World Report: Insurance Agent Overview. Requirements: He has been a college marketing professor since 2004. Communication skills also include being a good listener. They provide consultations, discuss fees and set up insurance contracts with customers. Job Description An insurance broker is the ‘middleman’ in insurance-based transactions between insurance companies and individual or commercial customers. Apply to Insurance Agent, Independent Agent, Customer Service Representative and more! Prospective students who searched for Insurance Broker Assistant: Job Description & Salary found the links, articles, and information on this page helpful. Kokemuller has additional professional experience in marketing, retail and small business. Researching the client’s industry and keeping up with changes in the insurance industry. We are looking to hire an experienced Insurance Broker to expand our client base. (© Martha Tabor/Working Images Photographs. 13,139 independent insurance agent jobs available. Basic knowledge of office and accounting software. Brokers build and maintain customer relationships, execute sales and complete administrative duties, such as document preparation, and follow-up with customers. Independent Insurance Agents work as independent brokers and sell a variety of insurance policies, covering life, vehicles, or real estate. To give your client some variety, it’s likely you’ll be offering deals from more than one insurer, so it’s vital to be completely impartial throughout the process. Provide consultation and advice to clients on matters related to property program. Independent insurance agents sell all types of insurance, including health and life, small business, and auto and home insurance. Insurance Agent responsibilities include: Developing marketing strategies and promote all types of new insurance contracts or suggest additions/changes to existing ones Breeding productive relationships to create a pool of prospective clients from various sources by networking, cold calling, using referrals etc. Over time, the role of accomplished agents often shifts from a heavy emphasis on new sales to ongoing service and renewals. Your passion for success pays off. Creating marketing initiatives to attract new clients. To ensure success as an Insurance Broker, you should have extensive knowledge of available insurance products, a passion for sales, and excellent interpersonal skills. The ability to speak clearly and communicate effectively is essential. Finding the person with the right skills and personality for your team is difficult. Some agents also travel the local area to meet with people. Independent agencies typically provide some on-the-job training on prospecting, sales processes and computer programs. As an insurance agent, you may work for an insurance company, refer clients to independent brokers, or work as an independent broker. Insurance sales agents commonly sell one or more types of insurance, such as property and casualty, life, health, and long-term care insurance. Reproduced by permission.) How Much Money Can an Insurance Salesman Make? Insurance agents sell and negotiate life, health, property, or other types of insurance to match the needs of their clients. 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