insurance broker

insurance broker definition - business

insurance broker

A person or business that represents purchasers of insurance products. Insurance brokers evaluate offerings of different insurance companies in an effort to locate the best coverage at the best price for their customers.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.