Insurance broker
A licensed insurance intermediary who helps clients assess needs and arrange coverage with available insurers.
Also called
broker · licensed broker
What it means
A professional who can explain options, obtain quotes and help place or service insurance, within their licence and market access.
Example
A broker may compare available home insurance options and help the client submit an application.
Canada context
Insurance wording and mandatory coverage can differ by province, insurer and policy form. Read the declarations, endorsements and full policy wording that apply to you.
Common confusion
A broker is not the insurer and cannot change policy wording or guarantee that a claim will be paid.
Important
This plain-language explanation is general information, not legal advice or a substitute for your policy wording. Ask a licensed insurance professional about your situation.
Last reviewed August 17, 2026
Sources
General information only. Coverage and terminology can differ by province, insurer, and policy wording. Consult your policy and a licensed insurance professional.