Insurance Brokers have a fiduciary responsibility to our clients, Captive Agents don’t

In November of 2018, the Illinois Supreme Court ruled that captive agents do not have a fiduciary responsibility their clients, as their responsibility lies to their carrier/company. Insurance brokers such as the agents at Coastal Alabama Insurance do in fact, have the fiduciary responsibility to put our clients before any carrier we are appointed with. The difference lies both legally and in the priorities and mandates each agency is charged with. 

Insurance brokers are legally tasked with looking after each client’s best interest, rather than the interest of the sole carrier we are contractually bound to represent. This is HUGE, and yet another reason why our communities should look towards brokers like Coastal Alabama Insurance, as we are tasked with shopping around to ensure that each client has the best insurance rate possible.

Coastal Alabama Insurance is an insurance agency for the 21st Century who utilizes data and technology to ensure swift communication to our clients while using state-of-the-art insurance systems to serve our ever-changing market and needs.