Broker definition

A broker brings together a buyer and a seller and charges a fee for creating and developing this relationship. Insurance brokers are one of the most common types of brokers and find the most suitable insurance products, from a range of different companies, for their clients. Businesses will often use brokers who have a better understanding of risk than they do. Brokers contrast with agents, who sell insurance products from one company only, typically their employer.


Get the latest from HRZone

Subscribe to expert insights on how to create a better workplace for both your business and its people.


Thank you.

Thank you! Your subscription has been confirmed. You'll hear from us soon.