General Agents

What is General Agents ?

‘General Agents’ are generally those kinds of insurance agents who sell the insurances to other agents or insurance brokers. However, with respect to HR, those employees who have been entrusted with the authority to conduct legal businesses on behalf of the company are called ‘General Agents’.

General agents are utilized as middlemen in dealing with legal obligations as well as in several other important departments when there is a need for bureaucracy. As they are given such an important authority, companies generally entrust it to someone who is trustworthy and has been with the company since a long time

In some cases, companies might delegate this responsibility of being a ‘general agent’ to an agency. This helps the company in handing over the responsibility of certain projects to them while also getting help in legal matters.

More HR Terms

Organizational Justice

What is Organizational Justice?   ‘Organizational Justice’ refers to an employee’s perception of their company and the influence this image has on their own attitudes

Incidence Rate

What is Incidence Rate?   ‘Incidence Rate’ refers to the rate of accidents, medical conditions, or injuries that happen in a company or an industry

Allowance

Employees are often confused about their pay structure. They find it difficult to understand the salary components, which becomes an issue, especially during appraisal and

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