Broker of Record (BOR) Agreements

At Advantage Aviation Insurance, we often meet business owners looking for a new agent or insurance company. In those cases, we may ask for a Broker of Record / Change of Agent (BOR) agreement.

A BOR is a simple, legally binding document that tells an insurance company which agent you want representing you. Signing one ends your relationship with your current agent and authorizes a new agent to act on your behalf.

You’ll typically sign a BOR in two situations:

1. To designate a new agent during the quoting process.

2. To switch agents while keeping the same insurance company.

Why does this matter?

Insurance companies only accept one application per business. Without a BOR, your current agent could block other agents from quoting by submitting first—even with incomplete paperwork (which could affect the quoted rate). A BOR ensures the agent you choose is the one the insurance company recognizes.

If you’re happy with your insurance company but are looking for a new agent, a BOR also lets you keep your coverage while moving to another agent of your choosing. Your new agent will send you the document, you’ll sign it, and the insurance company will update its records.

Because a BOR is a legal contract, review it carefully and ask questions if anything is unclear. It’s a powerful tool to make sure the right agent is working for you.

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