Berkley Assigned Risk Services Salary
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Current Job Openings at Berkley Assigned Risk Services
Is Berkley Assigned Risk Services’s Pay Competitive? Salary Benchmarking Analysis
| Competitor / Benchmark | Avg. Salary | Variance | Primary Market Influence Factor & Explanation |
|---|---|---|---|
| Siver Insurance Consultants | $86,683 |
-12.3%
|
Siver Insurance Consultants likely leverages performance bonuses over the high base salary shown here. |
| Specialty Risk Group International | $98,877 |
0.0%
|
Aligns perfectly with prevailing regional benchmarks for this specific job family. |
| M Financial | $97,358 |
-1.5%
|
Reflects stabilized pricing equilibrium for commercial construction roles in this region. |
| Cross Insurance Center | $84,827 |
-14.2%
|
Cross Insurance Center operates with a leaner overhead structure, impacting base wage offers. |
| Insurance Industry | $123,858 |
+25.3%
|
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors. |
How Berkley Assigned Risk Services's Salaries Compare to Similar Companies?
Siver Insurance Consultants
$86,683 / year
Salary Range: $76,268 - $98,002
Saint Petersburg, FL
Specialty Risk Group International
$98,877 / year
Salary Range: $86,980 - $111,830
Saint Paul, MN
M Financial
$97,358 / year
Salary Range: $85,642 - $110,111
Portland, OR
Cross Insurance Center
$84,827 / year
Salary Range: $74,619 - $95,942
Bangor, ME
Contact Allegiance Insurance Group LLC
$89,099 / year
Salary Range: $78,376 - $100,770
Akron, OH
Contact Otto Insurance Group
$93,740 / year
Salary Range: $82,463 - $106,026
Westerville, OH
Maryland Insurance Group Inc
$106,113 / year
Salary Range: $93,349 - $120,025
District Heights, MD
Service Group Insurance & Financial Services
$92,580 / year
Salary Range: $81,436 - $104,709
Austin, TX
Wisconsin Insurance Department
$91,346 / year
Salary Range: $80,355 - $103,319
Madison, WI
Employee Reviews: Working at Berkley Assigned Risk Services
Berkley Assigned Risk Services Overview
What Benefits Does Berkley Assigned Risk Services Offer Beyond Salary?
Get an estimated calculation of how much you should be earning and insight into your career options.
What Is the Cost of Living Near Saint Paul?
| Expense Category | Estimated Monthly Cost | Key Considerations / Notes |
|---|---|---|
| Housing (1-BR Apt Rent) | $1,300 - $1,900+ | A significant portion of Berkley Assigned Risk Services salary. Location choices impact this heavily. |
| Utilities (Basic) | $130 - $230 (Heating significant) | Electricity, Heating, Cooling, Water etc. |
| Public Transportation | $120 (Metro Transit monthly pass) | Essential for most commuters; car ownership is costly. |
| Groceries (Single Person) | $420 - $620 | Can be higher with more dining out or specialty stores. |
| Personal & Leisure | $400 - $750+ | Dining out, entertainment, shopping. Highly variable. |
| Healthcare (Individual) | $380 - $700+ | Varies significantly by plan & employer contribution. |
| Subtotal (Excluding Taxes) | $2,750 - $4,200+ | This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay. |
FAQs of Berkley Assigned Risk Services
1. How much does a Berkley Assigned Risk Services employee make?
Berkley Assigned Risk Services pays its employees an average of $98,877 per year. The average salary at Berkley Assigned Risk Services range from $86,971 to $111,830 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.
2. Which similar company tend to pay more or less than Berkley Assigned Risk Services?
The salary at Berkley Assigned Risk Services is higher than the similar company. The average annual salary at Berkley Assigned Risk Services is $98,877, or an hourly wage of $48, in comparison to Siver Insurance Consultants which pays $86,683 per year or $42 per hour.
3. Do employees with advanced degrees (Master's, PhD) earn more at Berkley Assigned Risk Services?
In many roles at Berkley Assigned Risk Services, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.
4. How does the cost of living near Saint Paul affect the perceived value of a Berkley Assigned Risk Services salary?
Saint Paul's Cost of Living Index is approximately 101.5 (1.5% more expensive than US average; 4.5% more than MN average). This significantly impacts the purchasing power of a salary from Berkley Assigned Risk Services based there. Our "Cost of Living Insights for Saint Paul" module details this impact, helping you assess the 'real feel' value of your compensation.
5. What kind of benefits does Berkley Assigned Risk Services typically offer employees?
Berkley Assigned Risk Services generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Berkley Assigned Risk Services" section on this page.
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