Image by Gerd Altmann from Pixabay 

Once you’ve made up your mind about pursuing a career in insurance, you must decide whether you want to be a captive insurance broker or an independent insurance agent. Both kinds of agents are legitimate insurance brokers that ca sell insurance products, however, both have their individual pros and cons. Deciding to pursue a career as an independent insurance agent, however, have more benefits. 


As an independent agent, you are the boss of your own agency and have the associated freedom. Just like other business owners, you provide the start-up cash for the business and location and are the business owner of your own agency. You can make the business decisions and determine the style of the business. Captive agents are employed by larger corporations to be their own worker. They can only sell their insurance products to their clients. However, as an independent broker, you’ll be owning your own business, and you are free to sell multiple insurance products from more than one company. You can decide which insurance companies you would like to represent and obtain certification from them. You can then offer multiple insurance products to your clients. By becoming an independent insurance broker, you can offer your clients a variety of insurance options to fit their needs best. 


When you’re a business owner, you have the flexibility to work wherever and whenever you choose to do so. Many agents work from a coffee shop where they can meet up with clients comfortably. Others prefer to have an office setup to conduct business meetings. You have the flexibility to make your own choices and the freedom to use your time to your preference. 

Knowledge About The Industry

Independent agents that represent various companies learn new information from each company frequently. You gain valuable knowledge about the industry and you become an agent who is proficient and knowledgeable about the field you’re specializing in. Captive agents only learn new information from their employer and a singular insurance agency. While captive agents can study and learn more in their own time, an independent have access to new information continuously. 

Service Orientated And Open-Mindedness

If these two characteristics forms part of your personality, then the role of independent insurance agent is right up your alley. The primary focus of an independent broker is serving their clients to the best of their ability. It is their responsibility to find the best insurance product according to a client’s budget and needs. They must put in many hours to get to know their clients, gain more knowledge about their family members and learning more about their financial situations. Instead of the client having to sift through the many insurance agencies and products to find the right one, they can benefit from your expertise to find them what they’re looking for. You search to find the best insurance choices for them and offer them with a policy and quote which are perfectly suited for them.


There are numerous long-term benefits that comes along with pursuing a career as an independent insurance broker, especially in these dire circumstances that everyone is facing at the moment with the coronavirus, its worth looking into a career choice that is stable and offer you with the best financial stability.