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Benchmark Broker

Insurance, United States, Texas, Dallas

Leading insurance brokerage firm specializing in commercial and personal insurance with expertise in risk management and employee benefits.

About Benchmark Broker

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Basics

Type
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Founded
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Total Employees
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Employees on Linkedin
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Employees on OWCareers
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Main Office
United States of America, Texas state
Official Website
http://www.benchmarkbroker.com
Location Address Official Phone Email
United States of America, Texas state United States, Texas, Dallas **** ****
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FAQs – Benchmark Broker

What is the impact of a high deductible on my premium?

A high deductible typically lowers your premium, as you agree to pay more out-of-pocket costs before the insurance company covers any expenses.


How do insurers prevent fraudulent claims?

Insurers use fraud detection systems, data analytics, investigations, claim audits, and cooperation with law enforcement to identify and prevent fraudulent claims.


What is a captive insurance agent?

A captive agent works exclusively for one insurance company and sells only that company’s policies.


How does facultative reinsurance affect an insurer’s financial stability?

Facultative reinsurance allows insurers to manage capital more effectively by reducing exposure to large losses, stabilizing underwriting results, and improving their ability to offer broader coverage without excessive financial risk.


What does flood insurance typically cover?

Flood insurance covers damage to your home's structure, foundation, electrical and plumbing systems, and major appliances. Personal belongings may be covered under separate contents coverage.


Do employer-provided insurance plans have waiting periods?

Yes, many employer-sponsored health and disability plans have waiting periods before new employees become eligible for coverage.


What are the main benefits of facultative reinsurance?

Facultative reinsurance helps insurers manage exposure to large or unusual risks, enhance their underwriting capacity, and reduce potential losses by sharing high-risk policies with a reinsurer. It also allows access to specialized expertise for complex risks.


How do on-demand insurance apps work?

On-demand insurance apps allow users to easily browse coverage options, purchase policies, manage claims, and activate or deactivate coverage directly through their mobile devices, providing flexibility and convenience.


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