No matter the market condition, a wholesale insurance broker is a good choice. These people have a lot of experience in the market and will be able to meet specific challenges that other insurance brokers might not be able to. There are a few main advantages of using a wholesale broker.
A wholesale insurance broker is flexible. A broker has the best access to insurance markets and goes to market quickly. As an added bonus, a wholesale broker is less expensive, despite the efficiency.
Wholesalers often have a specialized area that they can speak to better than any other. They also have years of experience in that area. An expert wholesaler has seen the market in a variety of states. This type of experience will make them valuable to you.
Wholesalers connect to the broker and carrier. The wholesaler normally has knowledge about specialized coverages. They understand specific risks involved in a variety of businesses and situations. The important part about wholesalers is that they have strong connections with people in the business and are generally motivated to keep it that way.
When it comes down to it, expertise, connections and efficiency are important to have in a broker. This is why wholesale insurance brokers tend to be a great value.