Real Experts- Trusted Advice
Workers compensation insurance for retail
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
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.
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.
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
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:
When your ready to shop for workers compensation, consider shopping your coverage
with a super-independent agency/brokerage like Workers Compensation Shop.com.
work with employers and agents across the country to help find the lowest rates and
best quotes for your next workers compensation policy.
Find your best work comp quote. It takes 2 minutes.
A captive agent is an agent that is only contracted with one insurance company and
is captive to that company.
An independent agent is free to quote insurance with a variety of different
insurance carriers and may offer several quotes in order to compare policies.