I feel I am very under paid for what I do. I have 15 years of professional liability experience mostly on the brokerage and surplus lines side. I took a break from insurance and got back in selling lawyers professional direct to law firms. I get paid 32k a year and make 8% Commission on what I sell. The average premium sold per month on my entire team is around 30k which is around 2.4K in commission (gross) . Puts me at around 61k gross . Can anyone share their thoughts on this? Ready for change

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Wow. 32k base pay? We were paying our fresh out of college employee 36k and had no experience in neither insurance nor surety. Didn't even have a license. Plus it's remote work and full health benefits and 401k and HSA and commission.

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Thank you for the reply. I felt my salary was extremely low. My fault for believing what I was told about potential earnings . The top performers aren’t even breaking 75k.

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Instead of selling, why not try a broking role on the agency side? Think your product is very specific and limiting. Instead of lawyers professional, you can maybe look at a broader professional liability for life science broking role, or professional liability as part of cyber broking role. Start from bottom up as a beginner in broking, but it may still pay well above what you’re currently making. Where are you located geographically? Since geographical location can impact salary ranges.

Thank you for the reply. I work remote from central Florida . The company I work for is based out of Peoria Heights . I was an Associate Broker for all professional lines . I would like to get more into cyber liability.

That seems very low. Our associate brokers are making more than your gross. Have you considered a wholesale brokerage company?

I have started to work with an executive recruiter and reaching out to some contacts. Plus I do not want to be limited to just law firms. Thank you for responding!

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I’ve only been working in Commercial Insurance for 2.5 years as an Account Rep and I’m currently making ~ $54k in CA. You’re definitely underpaid! I believe my team is hiring Account Managers, remote, if that’s something you’d be interested in send me a message!

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