Call Us 888-391-0416 ☰ ˟
Manage Policy File a Claim
Logo
888-391-0416
  • Home
  • Commercial Insurance
    • Commercial Auto Liability
    • Physical Damage
    • Motor Truck Cargo
    • Non-Trucking (Bobtail)
    • Truckers General Liability
    • Occupational Accident
    • Passenger Accident
    • Unladen Liability
  • Customer Service
    • Client Portal / InsurLink
    • Add/Delete Form
    • Request ID Card for Commercial Auto Policy
    • Add Vehicle to Existing Commercial Auto Policy
    • Remove Vehicle from Existing Commercial Auto Policy
    • Add Driver to Existing Commercial Auto Policy
    • Remove Driver from Existing Commercial Auto Policy
    • Refer a Friend
  • Partners
    • The Trucker's Network
    • Roadside Assistance
    • Partners
  • Make a Payment
    • Pay Trinity Insurance
    • Pay Finance Company
    • Pay Insurance Company
  • Resources
    • Frequently Asked Questions
    • Commercial Truck Loan
    • Electronic Logging Device
    • Fuel Cards
    • Truckers Against Trafficking (TAT)
    • Refer a Friend
    • Insurance Glossary
    • Blog
  • About Us
    • Contact Us
    • Prayer Request
    • Customer Testimonials
    • Our Location
    • Privacy Policy
    • Webmail Login
  • Broker / Shipper
    • Email Cert Request
    • The Trucker's Network
Commercial Auto Liability Icon Physical Damage Icon Motor Truck Cargo Icon Non-Trucking (Bobtail) Icon Truckers General Liability Icon Unladen Liability Icon
Home > Blog > The difference between an Insurance Company and Insurance Agency
THURSDAY, AUGUST 11, 2016

The difference between an Insurance Company and Insurance Agency

Many people have trouble determining what the difference is in an insurance company versus an insurance agency, especially since the two terms are sometimes used interchangeably.

The simple answer is: one is part of a whole. Any major insurance carrier brand names you recognize from television are companies. The insurance companies are comprised of many different agencies. The company provides the product while the agencies provide the service and distribute the product (the insurance policies) among the customers.

Some agencies may offer policies from several different companies. There are two types of insurance agencies: exclusive agencies and independent agencies. Exclusive insurance agencies sell products for only one company or brand.

For instance, a State Farm exclusive agency cannot sell Traveler's or Allstate insurance. However, an independent agency works as a contractor for several different insurance companies and can offer policies from many different insurance carriers.

At an independent agency, you could purchase a homeowner's policy with one company, an auto policy with another company and a life insurance policy with a third company. This allows you to get the best rate for each line of insurance while still having the benefit of using only one agent to manage all your business.

An insurance agent can only change the price of a premium for a policy by adding or removing coverage- and for commercial insurance, by changing values, descriptions or limits.

Policies are created by the insurance company. The insurance company determines what coverage a standard policy may include. Within those definitions, a policyholder will find detailed information about what types of loss the insurance company will cover and what types of loss it will not cover. There may also be limits to how much will be paid out for certain types of loss.

While an insurance agency may write policies for their clients, they are not able to add or remove coverage from any given policy outside of what the company has set forth. An insurance agency cannot determine what type of losses will or will not be covered under any given policy as that is also laid forth by the company.

Hopefully this helps you to better understand just what we do as an insurance agency for our clients here at Trinity Insurance Services.

Once again, we thank you for choosing Trinity Insurance Services for all of your commercial trucking insurance needs!

Posted 10:02 AM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2013
  • 2012

  • trucking(16)
  • insurance(16)
  • trinity insurance(11)
  • general liability(9)
  • commercial truck insurance(8)
  • transportation(7)
  • ky truck insurance(7)
  • al truck insurance(7)
  • ga truck insurance(7)
  • trucking insurance ky(7)
  • fl truck insurance(7)
  • tn truck insurance(7)
  • motor carrier insurance(7)
  • motor truck cargo(7)
  • ky trucking insurance(7)
  • truck insurance(7)
  • trucking insurance(7)
  • truck insurance agent(7)
  • transportation insurance ky(7)
  • al trucking insurance(7)
  • semi insurance(7)
  • transportation insurance(7)
  • tn trucking insurance(7)
  • trinityinsurance(7)
  • trucking insurance tn(7)
  • accident prevention trucking(7)
  • semi tractor(7)
  • industry(6)
  • trinity(6)
  • quote(6)
  • trucking news(6)
  • worker comp(4)
  • commertial trucking insurance(3)
  • truckers(2)
  • fuel(2)
  • accident(2)
  • gl(2)
  • truck show(1)
  • healthy trucker(1)
  • driving in the snow(1)
  • stress(1)
  • truckingers(1)
  • violations(1)
  • 2013 calendar(1)
  • healthy truck drivers(1)
  • purchasing(1)
  • falisification(1)
  • logbooks(1)
  • healthy meals(1)
  • eld(1)

View Mobile Version
Facebook
Twitter
Instagram
LinkedIn
Get Directions
Contact Us Today
Speak to an Agent
Resources
Products
Client Portal
Report a Claim
News
Refer A Friend
Blog
Contact Us
Cancellation and Return/Refund Policy
Contact us 623 West Main Street, Suite A
Clarkson, KY 42726

O: 888-391-0416
F: 888-415-0671
E: info@trinityins.net
TRINITY INSURANCE SERVICES, LLC dba in California as Trinity Commercial Insurance Services LLC
& in New York as Trinity Commercial Insurance Services LLC.
© Copyright. All rights reserved. Powered by Insurance Website Builder.