An independent insurance broker works for you, the customer. Be wary of an insurance broker who claims to be independent but systematically pushes the insurance products of one company. He should be able to pick and choose among a number of insurance companies to provide you with the best policies for your need.
Insurance is not priced like most products, since cost to the insurance company is unforeseen and premiums are paid in advance before the actual costs are known. Insurance companies therefore determine premiums on historical risks, that is, the frequency of claims of this type and the severity of claims of this type.
There are insurance policies to protect almost every aspect of business or personal life. Homeowners insurance, automobile insurance, health insurance, life insurance, income protection insurance, mortgage insurance, business hazard insurance and business interruption insurance, disability insurance and long term care insurance are the most used.