Brokerage Owners are typically categorized as which of the following?

Brokerage owners are typically categorized as self-employed because they operate their own businesses. This independence allows them to work with multiple insurance companies, offering a variety of products and services to their clients. As self-employed individuals, they manage their own operations, make strategic decisions regarding the brokerage, and retain the profits generated by the business.

Being self-employed provides brokerage owners with the flexibility to work on behalf of their clients rather than being tied to a single insurance provider, which is the case for direct writers or those employed by insurers. This autonomy is a key aspect of the brokerage model in the insurance industry, where the focus is on serving the best interests of clients through diverse options.