47 / 168
2015 Best
Practices Study
Agencies
with Revenues
Between
$1,250,000 and
$2,500,000
47
Analysis of Agencies with Revenues Between $1,250,000 and $2,500,000
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
Average
Top 25% Profit Top 25% Growth
Total # of Service Staff
(as defined above; excludes any TPA service staff)
6.9
5.6
6.9
% of Peer Agencies Having
Separate/Dedicated Marketing Department
20.0%
16.7%
33.3%
# of Marketing Staff
0.8
1.0
0.6
Separate/Dedicated Claims Department
4.0%
0.0%
0.0%
# of Claims Staff
0.8
0.0
0.0
Average
Top 25% Profit Top 25% Growth
% of Peer Agencies Having
Workers Comp TPA
0.0%
0.0%
0.0%
# of Service Staff
0.0
0.0
0.0
Total TPA Revenues Serviced
$0
$0
$0
Group Benefits TPA
0.0%
0.0%
0.0%
# of Service Staff
0.0
0.0
0.0
Total TPA Revenues Serviced
$0
$0
$0
TPA Service Staff
Service & Sales Support Staff Definition
• Typically non-commissioned employees
• Provide service to the agency’s clients
• Support producers in the sale of new business and retention of existing business
Some service positions may earn commission income but typically a majority of their pay is fixed and a majority of
their time is devoted to service rather than the solicitation of new clients.
Service & Sales Support Positions
1
Included in Full-time Equivalent Headcounts
• Account Executives (AE) - senior level service representatives
• Account Managers, Customer Service Representatives (CSRs)
• Assistant CSRs, Processors
• Claims Staff
• Placers/Marketers
• Department Managers - who also service clients
1 Position titles are general categories since specific job titles vary from agency to agency.
Administrative personnel such as accounting, mail room, and reception are not included in service benchmarks
unless a portion of their time is dedicated to service.
Service Staff Overview
Service Staff Productivity