What Does it Mean to be a Truly Independent Broker?

Is being an independent broker in the insurance world the same for everyone? Host Billy Gwaltney answers that question in this episode, exploring the differences in being an independent broker in the insurance industry. He breaks down the two broad categories of independence and discusses the advantages of working with a truly independent broker who prioritizes the client's needs over company affiliations. If you're curious about the true meaning of independence in the insurance broker world and want to ensure you're getting the best coverage for your needs, this episode is a must-listen.

Episode Highlights:

• Billy defines the term "independent broker" and discusses the varying definitions within the insurance industry. (00:52)

• The importance of specialized coverage and the benefits of working with a broker who represents companies with the strongest contracts. (2:46)

• Billy uncovers the truth behind brokers who claim to be independent but repeatedly recommend the same insurance company as the solution. (5:40)

• The commission structure for brokers and how productivity bonuses should not impact their independence. (7:07)

The Cover Your Assets Podcast is on a mission to help physicians like you get their disability insurance right. You’ve spent years of your life and hundreds of thousands of dollars to become a physician – this is the career that will give you and your family everything you’ve dreamed of! Don’t let accidents, illness, or injury destroy your hard work and the life you deserve. You know you need to be insured, but how do you sort through the mountains of information when you barely have enough time to eat? On the Cover Your Assets Podcast, host Billy Gwaltney shows you exactly what you need to do to protect your income and way of life. Stay up to date with Billy on ⁠Facebook (  / ppgcarolina)⁠  , ⁠LinkedIn (  / billy-gwaltney-chfc-clu-rebc-8b452a75)⁠  , or ⁠YouTube (@billygwaltney3135). If you have questions, feedback, or just want to connect, email Billy at ⁠billy@ownoccdisability.com.⁠