Retail Workers Comp Insurance

Most employers don't understand that the insurance products and services offered by different insurance agencies will likely be significantly different between agencies. Finding the best agency to buy coverage from starts with understanding the insurance market and how the system works. When trying to choose an agency to work with, its always helpful to understand the difference between a retail agency and a wholesale agency.

Retail Workers Compensation Insurance

A retail insurance agency is an agency consisting of a group of one or more "captive" agents, or a group of one or more "independent" agents. A captive or captured agent represents only one insurance company such as Farmers, AllState, State Farm, or Shelter. An independent agent is free to contract with any private insurance company willing to offer a contract.

Retail insurance is usually associated with the term "agent", and wholesale insurance is associated with the term "broker". However, many states no longer differentiate between agent or broker.

Retail agents typically represent a select few insurance companies and depend on these companies for programs and rates.

Wholesale Workers Compensation Insurance

A wholesale agency typically specializes in one or two lines of coverage. They are often able to offer more specialized insurance programs than retail agents because they typically have deeper relationships with their insurance companies. Many wholesalers have the ability to quote and bind insurance coverage on behalf of the companies they represent.

Workers Compensation Shop.com Benefits Employers and Agents by Offering Both Retail and Wholesale Insurance

Retail and wholesale agents and brokers offer different advantages to different customers. Retail agents typically work directly with their insurance customers, while most wholesalers only work through other agents and brokers or certain specialized customers.

Because Workers Compensation Shop.com is a national insurance agency writing a tremendous volume of workers comp insurance with dozens of insurance companies we have the luxury of operating as a retail and wholesale agency and brokerage. The benefit to our customers include:

• Special programs like Pay As You Go and equal installments
• Lowest rates and bigger premium discounts
• Largest selection of workers comp carriers
• Expert knowledge about workers compensation coverage
• Most competitive Workers comp quotes

When your ready to shop for workers compensation, consider shopping your coverage with a super-independent agency/brokerage like Workers Compensation Shop.com. We work with employers and agents across the country to help find the lowest rates and best quotes for your next workers compensation policy.