Carriers


Carriers are at the top of the heap. They take the risk of ensuring that you are made whole again if you have a car accident or if a covered hazard destroys your home. These are the Allstates and State Farms of the world. They often own and back smaller carriers too. An intriguing and little-known fact is that even insurance companies need insurance. They are supported by “reinsurers,” insurance companies that cover them for catastrophic disasters. But even the biggest insurance companies rely on their agents and brokers to find customers and explain the details of their products. An intriguing and little-known fact is that even insurance companies need insurance. They are supported by “reinsurers,” insurance companies that cover them for catastrophic disasters. 

But even the biggest insurance companies rely on their agents and brokers to find customers and explain the details of their products.

Agents and Brokers come in many flavors. Some are in business for themselves. Some are employed by Independent Brokers or Agencies. Many work directly for carriers on a salary, commission, or both. Regardless of how they are compensated, they are all held to very high standards of conduct by the insurance industry and government regulations. Customers’ needs are to come first. Agencies, Agents, or Brokers can face consequences if they forget that. CauseWell Insurance Services was founded with the mantra that customers’ needs must always come first. Regardless, there are differences, and we’ll explain them here.

Carriers


Carriers are at the top of the heap. They take the risk of ensuring that you are made whole again if you have a car accident or if a covered hazard destroys your home. These are the Allstates and State Farms of the world. They often own and back smaller carriers too. 

An intriguing and little-known fact is that even insurance companies need insurance. They are supported by “reinsurers,” insurance companies that cover them for catastrophic disasters. But even the biggest insurance companies rely on their agents and brokers to find customers and explain the details of their products.

Agents and Brokers come in many flavors. Some are in business for themselves. Some are employed by Independent Brokers or Agencies. Many work directly for carriers on a salary, commission, or both. Regardless of how they are compensated, they are all held to very high standards of conduct by the insurance industry and government regulations. Customers’ needs are to come first. Agencies, Agents, or Brokers can face consequences if they forget that. CauseWell Insurance Services was founded with the mantra that customers’ needs must always come first. Regardless, there are differences, and we’ll explain them here.

x