President Salary at Merit Insurance Services Inc BETA

How much does a Merit Insurance Services Inc President make?

As of March 2025, the average annual salary for a President at Merit Insurance Services Inc is $754,208, which translates to approximately $363 per hour. Salaries for President at Merit Insurance Services Inc typically range from $577,357 to $950,527, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Merit Insurance Services Inc Overview

Website:
merit-ins.com
Size:
<25 Employees
Revenue:
<$5M
Industry:
Insurance

The History of Merit Insurance Services, Inc. Merit Insurance Services, Inc. is a premier consultative insurance broker, providing insurance and risk management services to a diverse group of commercial clients. We combine our national brokerage expertise with the customer service of an independent agent to provide creative solutions for your business. Though Merit Insurance Services, Inc. has access to all major markets, we pride ourselves as niche specialists with the resources to deliver. Merit was founded by our President, Fred W. Foote in 1997. The company was originally a captive insurance agency for a large international equity firm whose holdings included three large corporations, and several medium sized businesses. We assembled a skilled national brokerage staff to coordinate the brokering and servicing needs of our affiliated insureds. The primary mission the first several years was to work closely with our clients creating a world class risk management program. In 2000 Merit began the transition from captive agency to diversified niche retailer. Broker Consolidation, combined with the talent and resources we had brought together, convinced us that the timing was right to offer commercial clients a responsible alternative. Today, Merits clients range from small private companies to large national firms.

See similar companies related to Merit Insurance Services Inc

What Skills Does a person Need at Merit Insurance Services Inc?

At Merit Insurance Services Inc, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Leadership: Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  2. Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
  3. Initiative: Taking decisive action and initiating plans independently to address problems, improve professional life, and achieve goals.
  4. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  5. Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.

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Check more jobs information at Merit Insurance Services Inc

Job Title Average Merit Insurance Services Inc Salary Hourly Rate
2 Assistant Vice President $51,677 $25
3 Business Development Manager $110,325 $53
4 Controller $203,874 $98
5 Office Staff $49,154 $24
6 Account Manager $65,133 $31
7 Senior Account Executive $72,704 $35

Hourly Pay at Merit Insurance Services Inc

The average hourly pay at Merit Insurance Services Inc for a President is $363 per hour. The location, department, and job description all have an impact on the typical compensation for Merit Insurance Services Inc positions. The pay range and total remuneration for the job title are shown in the table below. Merit Insurance Services Inc may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $754,208 look to you?

FAQ about Salary and Jobs at Merit Insurance Services Inc

1. How much does Merit Insurance Services Inc pay per hour?
The average hourly pay is $363. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Merit Insurance Services Inc?
According to the data, the highest approximate salary is about $950,527 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Merit Insurance Services Inc?
According to the data, the lowest estimated salary is about $577,357 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.