Brokers' Risk Salary

Brokers' Risk Salary

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As of August 2026, the average hourly salary for employees at Brokers' Risk in the United States is $49. This translates to an approximate annual wage of $102,083. Salaries at Brokers' Risk typically range from $43 to $56 hourly, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Brokers' Risk

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Is Brokers' Risk’s Pay Competitive? Salary Benchmarking Analysis

How does Brokers' Risk's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Koonce Insurance Agency Inc $43
-12.2%
Koonce Insurance Agency Inc may offer non-monetary perks in lieu of competitive base salaries.
Data Services Inc $46
-6.5%
Data Services Inc focuses strategically on recruiting and training entry-level apprentices.
Universal Group Ltd $44
-9.7%
Typical compensation structure for smaller regional agencies like Universal Group Ltd.
Lumbermens Underwriting Alliance $47
-4.7%
Lumbermens Underwriting Alliance operates with a leaner overhead structure, impacting base wage offers.
Insurance Industry $60
+21.3%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Companies Similar to Brokers' Risk and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Brokers' Risk. Click a company name to learn more.

Employee Reviews: Working at Brokers' Risk

Considering a career at Brokers' Risk? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Benefits, including health insurance and retirement plans, are excellent. The company stays ahead with tech advancements, making daily tasks easier. The culture is inclusive, and diversity is celebrated. The insurance industry is fast-paced, but the training here prepares employees well.
Commented in April 17, 2025
8
0
The office atmosphere is welcoming, and there are regular team-building activities that help strengthen colleague relationships. The company also prioritizes diversity and inclusion, creating a welcoming atmosphere. The team is friendly, and leadership is approachable. Team collaboration is strong, and remote work options are available for better work-life balance. Good for those seeking consisten...
Commented in March 08, 2025
49
2
A rewarding workplace. Work feels meaningful here. Managers are approachable and recognize employee contributions. Flexible scheduling options make work-life balance achievable. Benefits are standard, and the work environment is low-stress.
Commented in January 19, 2024
18
2

Brokers' Risk Overview

Website
www.brokersrisk.com
Founded In
1977
Employees
50 - 100 employees
Industry
Insurance
Headquarter Address
155 N Wacker Dr Chicago Illinois IL 60606
Revenue
$10 Million - $50 Million
Phone Number
+1 8002551195
Social Media
About Brokers' Risk
Brokers' Risk (BRPS) is a Chicago-based Managing General Underwriter that develops and manages insurance and risk management programs. Low and mixed-income housing entities not in the public housing program. E&O D&O Insurance for schools.

What Benefits Does Brokers' Risk Offer Beyond Salary?

A competitive compensation package is more than just a salary. Brokers' Risk offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Brokers' Risk.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Brokers' Risk, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Brokers' Risk salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Brokers' Risk

1. What is the typical salary range (low to high) for most roles at Brokers' Risk?

The typical salary range for most roles at Brokers' Risk is approximately from $43 to $56 per hour. 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. How much does Brokers' Risk pay compared to Koonce Insurance Agency Inc?

The average annual salary at Brokers' Risk is $102,083, or an hourly wage of $49, in comparison to Koonce Insurance Agency Inc which pays $89,584 per year or $43 per hour.

3. Do salaries differ significantly between departments at Brokers' Risk?

Yes, salaries often differ between departments at Brokers' Risk due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Brokers' Risk?

Experience level is a significant factor in determining salary at Brokers' Risk, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Brokers' Risk in Chicago is fair given the local cost of living?

To determine if a salary offer from Brokers' Risk in Chicago is fair, first compare the gross salary to our data for similar roles at Brokers' Risk and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.

6. Why might an individual's actual salary at Brokers' Risk differ from the ranges shown here?

An individual's actual salary at Brokers' Risk can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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