Palms Insurance Salary

As of August 2026, the average annual salary for employees at Palms Insurance in the United States is $90,586. This translates to an approximate hourly wage of $44. Salaries at Palms Insurance typically range from $79,686 to $102,453 annually, reflecting the diverse roles and experience levels within the company.
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Current Job Openings at Palms Insurance

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Is Palms Insurance’s Pay Competitive? Salary Benchmarking Analysis

How does Palms Insurance'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
Workers' Compensation Administrators LLC $98,086
+8.3%
Reflects a supply-demand imbalance for the specific talent Workers' Compensation Administrators LLC targets.
EasyAppsOnline LLC $88,361
-2.5%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
Walker Insurance & Financial Services Inc $88,688
-2.1%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Brown & Brown of Washington Inc $103,887
+14.7%
Influenced by prevailing union wage agreements specific to Brown & Brown of Washington Inc's sector.
Insurance Industry $123,858
+36.7%
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.

Employee Reviews: Working at Palms Insurance

Considering a career at Palms Insurance? 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.
The benefits, including health and retirement plans, are excellent. It’s a company that truly cares about its employees. Colleagues are always willing to help, creating a strong team dynamic. This company values employee input and fosters a positive work culture. The company follows structured processes, which can be both a strength and a limitation.
While workloads can fluctuate, management is supportive in ensuring no one is overwhelmed. The insurance products are strong, and client interactions are fulfilling. Training opportunities are plentiful, helping us stay ahead in the industry. I’ve developed valuable skills here and feel motivated to contribute long-term. It’s a good place for those who prefer a structured, predictable job. While t...
Steady job with fair compensation. The insurance industry expertise here is impressive, making daily work meaningful. The office culture is inclusive, and there’s a strong focus on employee well-being. Bonuses and incentives are fair, and there’s a strong emphasis on work-life balance.

Palms Insurance Overview

Website
www.palms-insurance.com
Founded In
2007
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
700 Universe Blvd Juno Beach Florida FL 33408
Revenue
$5 Million - $10 Million
Phone Number
+1 5613045532
Social Media
About Palms Insurance
Palms Insurance is a specialty insurer and reinsurer. Based on its history of underwriting complex risks, Palms is uniquely positioned to take on the most challenging risk protection scenarios facing businesses today. LEARN MORE

What Benefits Does Palms Insurance Offer Beyond Salary?

A competitive compensation package is more than just a salary. Palms Insurance 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 West Palm Beach?

Understanding the cost of living near West Palm Beach is key to truly evaluating a salary offer or your current compensation at Palms Insurance.
West Palm Beach's Cost of Living Index is approximately 113.8 (13.8% more expensive than US average; 10.4% more than FL average). South Florida city, higher housing costs, near affluent Palm Beach. Palm Tran, Tri-Rail. When planning your budget based on a salary from Palms Insurance, 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 Palms Insurance salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $70 (Palm Tran monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $650 Can be higher with more dining out or specialty stores.
Personal & Leisure $430 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $730+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,190 - $5,060+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Palms Insurance

1. What is the average salary for employees at Palms Insurance?

The average annual total compensation for employees at Palms Insurance is approximately $90,586. However, this is an aggregate figure, actual salaries can range significantly, typically from $79,686 to $102,453, depending on factors like job role, experience, and location.

2. How much does Palms Insurance pay compared to Workers' Compensation Administrators LLC?

The average annual salary at Palms Insurance is $90,586, or an hourly wage of $44, in comparison to Workers' Compensation Administrators LLC which pays $98,086 per year or $47 per hour.

3. What is the lowest salary at Palms Insurance?

The lowest-paying job at Palms Insurance is a Manager, Underwriting with a salary of $109,984 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Palms Insurance?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Palms Insurance for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Palms Insurance offer cost-of-living adjustments (COLA) for employees in high-cost areas like West Palm Beach?

While some companies offer formal COLA, many, including potentially Palms Insurance, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Palms Insurance?

Most companies, likely including Palms Insurance, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.