Name: Lakeview Insurance
Address: Calgary, AB
Telephone: 403-287-2521

When it comes to insurance, most people think that the biggest decision to make is the policy. While choosing the right policy matters, you actually have to make a more important decision. You have to decide between a broker and an agent. Learn how insurance brokers in Calgary get paid in order to understand why they benefit you.

Brokers Work for You But Agents Work for Insurance Companies

First, you should know that brokers are not the same as agents. Insurance agents work for the companies they represent. Therefore, these agents are always looking out for their employers first and foremost. Insurance brokers in Calgary, on the other hand, work directly for you. They represent your interests as they search for the best insurance coverage for your needs. This key difference is important to understand.

Brokers Will Earn a Commission from Your Sales

Because they are employees, agents get paid from the insurance company. As brokers, the paycheck must be earned in another way. Insurance brokers in Calgary still get paid by the insurance company. However, this payment comes as a commission. In other words, they are paid something like a finder’s fee because they are still giving the insurance provider new business.

The Payment Can Be a Percentage or a Flat Fee

The commission can be paid in two forms. In many cases, the commission is a percentage of the overall coverage. It may be anywhere from 2 to 8 percent depending on the market. However, in some cases, the broker may charge a flat fee. This happens most often when the broker is working for a larger client. In these cases, the broker may charge a flat fee for each enrollee into the coverage. This can streamline the process for larger clients.

Lakeview Insurance Brokers Ltd. has been a highly dedicated member of the Independent Brokers Association of Albert and has been family-run since 1979. Our brokers take the time to ensure you get the best policy that suits your needs. Contact us today to get started at 403-287-2521 or send an email to [email protected]

If you want the best insurance without any hassles, then maybe it is time to talk to an insurance broker. Unlike insurance agents, brokers do not work for a given insurance company. Instead, these brokers work for the client, helping match each client with the best policies available.

Four Benefits Working With An Insurance Broker

You Can Save Money by Trusting Insurance Brokers

An insurance broker can save you money. These brokers know how to find the best policies, and they know how to match your needs very specifically. This keeps you from buying extraneous coverage, and it can also help you find policies you might not have known about otherwise.

Get Your Coverage in Place Faster with an Insurance Company in Calgary

Most people are novices when it comes to the insurance industry. If you try to do the work with an insurance company in Calgary by yourself, then it is likely to be a more tedious process. Working with a broker, on the other hand, can expedite the process. A broker is your best bet at securing fast coverage now.

Purchasing Insurance Can Be Stress-Free with a Broker in Calgary

Finding the right policy at the right price can be very stressful. You may worry that you are paying too much or that you are not getting enough coverage. Instead of spending your time worrying, you should work with a broker now. A broker can handle the stressful parts for you.

Trust that Someone Is On Your Side When You Hire a Broker

The insurance industry does not have a great reputation. If you really want someone on your side, then work with a broker. A broker is your partner in the insurance industry, which can give you confidence moving forward.