An insurance broker is an agent of a particular insurance company, and he or she will be the one who will represent the interests of the company. This agent has a number of functions to perform. First, they must keep the insurance car insurance agencies company informed on various aspects that might affect the policy. They also have to advise the insurance company about changes in laws and the laws applicable in the particular state where the insurer operates. These brokers also provide legal assistance when the company requires it. Moreover, they are usually hired by the company for their own benefit and not as an employee.So, how does an independent agent differ from an agency? A: An independent agent is a person who is not working for a specific insurance company. It is important to note that an independent broker is not a representative of any insurance company. A broker works for the benefit of a client who is interested in purchasing insurance. He or she provides unbiased advice about various insurance policies and options. A broker is a neutral individual and should not give advice on policies, products and services to which he has no real knowledge. The broker performs certain functions like negotiating insurance rates, making referrals, providing information on various insurance products and services and acting as a liaison between the customer and the insurance company.An independent agent is not required to pay a commission to the insurance company to sell the insurance. A broker works as a third party. This means that the broker charges for his services and does not receive any payment from the insurance company. A broker is an individual or an organization that is authorized to act as an intermediary between insurance companies and customers. An independent agent does not represent the interests of an insurer in any way.