What system allows independent brokers to represent multiple insurance companies?

The independent agency system is characterized by brokers who have the ability to represent multiple insurance companies simultaneously. This system contrasts with other agency structures where agents are typically tied to a single insurer or a limited number of companies.

In the independent agency system, brokers can offer a variety of insurance products across different providers, allowing them to find the most suitable coverage options for their clients. This flexibility often leads to better customer service, as clients can receive tailored insurance solutions that meet their specific needs. Additionally, independent agents have the freedom to shop around for the best rates and coverage options for their clients without the constraints imposed by a single insurance company.

By representing multiple insurers, independent agents can leverage their relationships and product understanding to provide valuable advice and support to policyholders, enhancing their overall experience in securing insurance coverage.