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Is Mcgowan A Wholesaler? What You Need To Know

Is McGowan a wholesaler?

Yes, McGowan is a wholesaler. McGowan Wholesale (MW) is a wholesale insurance brokerage that specializes in providing insurance solutions to commercial clients. They offer a wide range of coverage options, including Property, General Liability, Packages, Small Business, Professional Liability, Management Liability, and Crime/Employee Dishonesty.

So, what does a wholesale insurance brokerage actually do?

Think of it as a middleman between insurance carriers and retail insurance brokers. MW acts as a “one-stop shop” for brokers seeking to place risk with a variety of insurance carriers. They have strong relationships with numerous carriers and have access to a broad spectrum of insurance products. This allows them to tailor coverage solutions to meet the specific needs of individual clients.

What are the benefits of working with a wholesaler?

Retail brokers often leverage wholesale brokers for a few key reasons:

Access to specialized markets: Wholesalers have expertise in specific types of insurance, such as hard-to-place risks, which retail brokers may not have the resources to handle independently.
Competitive pricing: By having access to multiple carriers, wholesalers can help brokers secure the best possible rates for their clients.
Efficient placement: Wholesalers can help streamline the placement process by handling the paperwork and communication with the carriers, saving brokers time and effort.

In a nutshell, McGowan Wholesale acts as a valuable resource for retail insurance brokers, providing them with access to a broader range of insurance products and services. They help brokers find the best coverage for their clients and navigate the complex world of insurance with ease.

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