Can my insurance agent or broker provide the same services as an Independent Risk Management Consultant?
Many insurance agents and brokers may call themselves consultants. They earn their income selling insurance for commission. Their “Producers” must sell insurance to keep the organization afloat. The “Producers” need to spend their time finding customers to purchase insurance and do not always have the time or the experience in solving complex risk management problems your company may have. When consulting with an Independent Risk Management Consultant, you do not need to worry about where the focus is in the business relationship. In business if you want to know where the primary focus is, then follow the money. The insurance agent or broker is often paid by the insurance company. The Independent Risk Management Consultant is paid by you, so the primary focus is on meeting your insurance and risk management needs, not on how much commission will be paid because a certain product is sold. An insurance agent is bound by contract to represent the insurance company. In contracts with insur
