1. Home
  2. Business & Finance
  3. Business Insurance

Broker

By Gregory Boop, About.com

Definition: One who represents an insured in solicitation, negotiation, or procurement of contracts of insurance, and who has a duty to the insured to match the insureds insurance needs with proper insurance products.
Examples: A health insurance broker works to match applicants with a health insurance company or plan best matched to their needs.

Explore Business Insurance

More from About.com

  1. Home
  2. Business & Finance
  3. Business Insurance
  4. Glossary of Insurance Terms
  5. Broker - Business Insurance Definition

©2008 About.com, a part of The New York Times Company.

All rights reserved.