Broker Salary at Michael Ehrenfeld Co BETA

How much does a Michael Ehrenfeld Co Broker make?

As of April 2025, the average annual salary for a Broker at Michael Ehrenfeld Co is $85,806, which translates to approximately $41 per hour. Salaries for Broker at Michael Ehrenfeld Co typically range from $75,098 to $102,580, 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.

Michael Ehrenfeld Co Overview

Website:
ehrenfeldinsurance.com
Size:
25 - 50 Employees
Revenue:
$5M - $10M
Industry:
Insurance

When the Michael Ehrenfeld Company was founded in 1974, it was already evident that the pattern being set by the national agencies in the east would eventually become the method of operation across the country. The future of commercial insurance involves diminishing the position of the agent/broker and the individual relationship with the client. It was felt that the client's first loyalty must be to the agency, not a particular agent or service representative. In addition to maintaining the account within the agency without influence from the producer, there was a perceived expense reduction if the agent's position was secondary. Michael Ehrenfeld believed strongly that the producer is critical and not an obsolete factor in process. For Michael Ehrenfeld, the agency must provide the infrastructure, the tools, that foster a strong agent-account manager-client relationship. The Ehrenfeld Company acknowledges that an assessment of the insurance agency is an important part of the selection process. Their capability, reputations, professional conduct and financial strength must be considered and have weight in the buying decision. But, the individual producer relationship is critical to the successful professional relationship. The producer must "manage" your account and thereby be responsible for the correct handling of the many elements of a present day commercial account. The producer will go through the critical fact finding interviews, meet his or her contact person in the capacity of owner, president or financial officer. Of importance will be contact with the human resources manager, shop foreman, security personnel, maintenance people and similar associates of yours who will have valuable knowledge in establishing and maintaining a correct insurance program. The producer will oversee the agency personnel who are assigned to our various in-house procedures relative to the quotation process, day to day service and claims handling. Because of the depth of this process and, as no account remains in a static ...

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What Skills Does a person Need at Michael Ehrenfeld Co?

At Michael Ehrenfeld Co, 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. Insurance Sales: Insurance sales involves selling various types of insurance to customers, including home, life, health and auto insurance. Primary goal is to get information about clients' needs and match them with insurance policies they offer.
  2. Life insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
  3. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  4. Health insurance: Health insurance is a type of insurance coverage that pays for health and medical expenses. Health insurance covers some or all of the costs of routine care, emergency care, and treatment for chronic illnesses.
  5. Networking: Ability to maintain, build and expand a personal and business contact list to grow one's career and business opportunities.

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Check more jobs information at Michael Ehrenfeld Co

Job Title Average Michael Ehrenfeld Co Salary Hourly Rate
2 Director, Operations $177,917 $86
3 Account Executive $71,152 $34
4 Account Manager, Lead $146,352 $70
5 Commercial Broker $85,806 $41
6 Insurance Agents and Brokers $85,806 $41
7 Accounting $46,146 $22
8 Personal Lines Account Manager $59,209 $28
9 Producer $59,307 $29
10 Receptionist $36,414 $18
11 Account Assistant $38,086 $18
12 Account Manager $75,057 $36

Hourly Pay at Michael Ehrenfeld Co

The average hourly pay at Michael Ehrenfeld Co for a Broker is $41 per hour. The location, department, and job description all have an impact on the typical compensation for Michael Ehrenfeld Co positions. The pay range and total remuneration for the job title are shown in the table below. Michael Ehrenfeld Co may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $85,806 look to you?

FAQ about Salary and Jobs at Michael Ehrenfeld Co

1. How much does Michael Ehrenfeld Co pay per hour?
The average hourly pay is $41. 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 Michael Ehrenfeld Co?
According to the data, the highest approximate salary is about $102,580 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 Michael Ehrenfeld Co?
According to the data, the lowest estimated salary is about $75,098 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.