What is the definition of Agency Companies?

Agency Companies are companies that sell insurance products using independent agents. These independent agents "sign up" and fall under the management of a branch manager or a general agent.

An agency company is usually independent and may carry products from various insurance companies. It would be the agents who have "ownership" of the policies that they sell. They also have the freedom to choose which insurance product to sell to their clients. This means that the agency company is able to give their client a better deal, as, in theory, they can compare products from different insurance companies side by side and choose the product that will best fit their client's needs.

• Businessowners Policy / BOP
• Competitive State Fund
• Excess and Surplus Lines
• Employer’s Liability
• Blanket Insurance