Differences and Similarities
An agent and a broker both act as intermediaries between the company and client. But there are technical differences between both of these which represents their roles. Let say a person needs insurance, he/she would require services of both agent and a broker. Agent would act as intermediary between the insurer (company) and insured (client) … Read more
Insurance and warranty are both a type of contacts between two parties. In insurance there is a direct contractual relationship between the insurer and insured while this is not in the case of warranty. Insurance Insurance is a contract between insurer and insured that is protects the insured from financial loss. It policy is the … Read more
Both of these terms are often used relating to financial planning and policies. These are the contracts between the insured person or insurer. Insurance is a contract while assurance is a paid policy. These are the financial products that provide financial protection to their clients. These are often confused with each other, here are basic … Read more
When we talk about insurances, we often hear the terms insurance agent or broker. The insurance broker is a term used to talk about a person who represents an insurance buyer, while insurance agent is the one who represents one or more insurance companies. The role of both is same in insurance, the difference between … Read more