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2015 Best

Practices Study

Agencies

with Revenues

Between

$5,000,000 and

$10,000,000

101

Analysis of Agencies with Revenues Between $5,000,000 and $10,000,000

Key Benchmarks

Profile

Revenues

Expenses

Profitability

Employee Overview

Producer Info

Service Staff Info

Technology

Insurance Carriers

Appendix

Note: See page 163 for an explanation of column headings

Service Staff Payroll Information

Average

Top 25% Profit Top 25% Growth

Pay Ranges by Service Position

AE

Average Lowest Pay

$66,693

$51,288

$60,862

Average Highest Pay

$94,831

$87,367

$79,602

CSR

Average Lowest Pay

$41,350

$42,698

$31,613

Average Highest Pay

$71,387

$81,561

$75,023

Processor/Asst CSR

Average Lowest Pay

$33,587

$32,552

$32,743

Average Highest Pay

$43,661

$42,109

$43,718

Marketing

Average Lowest Pay

$58,635

$52,558

$57,240

Average Highest Pay

$66,120

$61,350

$59,654

Claims

Average Lowest Pay

$45,389

$46,860

$51,188

Average Highest Pay

$57,235

$51,376

$70,868

AE

Average Lowest Pay

$49,071

$29,695

$68,579

Average Highest Pay

$75,178

$71,516

$76,670

CSR

Average Lowest Pay

$35,661

$39,061

$31,441

Average Highest Pay

$55,372

$59,244

$59,154

Processor/Asst CSR

Average Lowest Pay

$29,540

$31,794

*

Average Highest Pay

$38,626

$35,294

*

Marketing

Average Lowest Pay

$31,718

*

*

Average Highest Pay

$46,972

*

*

Claims

Average Lowest Pay

$32,150

*

*

Average Highest Pay

$38,100

*

*

AE

Average Lowest Pay

$55,179

$37,000

$48,650

Average Highest Pay

$74,194

$70,012

$51,500

CSR

Average Lowest Pay

$38,340

$38,543

$26,747

Average Highest Pay

$56,380

$59,498

$49,066

Processor/Asst CSR

Average Lowest Pay

$36,460

*

*

Average Highest Pay

$38,307

*

*

Marketing

Average Lowest Pay

*

*

*

Average Highest Pay

*

*

*

Claims

Average Lowest Pay

*

*

*

Average Highest Pay

*

*

*

COMMERCIAL LINES

PERSONAL LINES

GROUP LIFE & HEALTH/FINANCIAL

*Insufficient Data