How To Get Small Business Insurance

The insurance industry offers several different methods for small business owners to get insurance. This article will cover the three types of distribution systems insurance companies use: direct writers, independent agencies, and exclusive agencies.

1. 1. Direct Writers
   

   Insurance companies are direct writers if they directly employ sales representatives. A small business owner can do business with this type of insurance company by visiting its website, calling its contact center, or meeting with a sales representative.

   Some direct writers work with brokers, who help business owners apply for and maintain their insurance policies.

2. 2. Independent Agencies
   

   Some insurance companies work with networks of licensed insurance agents. Independent agents are authorized to sell insurance for multiple insurers.

   When a business owner consults an independent agent, the agent brings advice, choice, and expertise to the table. Independent agents can have insight into specific industry needs, answer questions about the business’s unique exposures, and get competitive quotes.

   A business owner can connect with an independent agency by visiting the agency’s website or using an insurance company’s agency finder tool.

3. 3. Exclusive Agencies
   

   An exclusive agency is an agency that provides insurance for only one insurance company.

   Business owners can connect with an exclusive agency by visiting the website of the insurance company.

When choosing how to apply for insurance, decide what matters most to you, such as geographic location, your understanding of the product, and access to knowledgeable representatives. Ask fellow business owners what method they use and their level of satisfaction.