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Safewaters LLC Salary

Safewaters LLC Salary

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As of September 2026, the average annual salary for employees at Safewaters LLC in the United States is $97,928. This translates to an approximate hourly wage of $47. Salaries at Safewaters LLC typically range from $86,165 to $110,721 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Safewaters LLC Pay for Different Roles?

Explore detailed salary information for specific jobs at Safewaters LLC. Based on our data, the highest paying job is the Senior Vice President, with an annual salary of $193,999. The table below outlines the annual salary ranges for most popular roles within the company.
How accurate does the salary look to you?

Is Safewaters LLC’s Pay Competitive? Salary Benchmarking Analysis

How does Safewaters LLC'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
Bedford Grange Mutual Insurance Co $83,519
-14.7%
Normalized for lower cost-of-living zones where Bedford Grange Mutual Insurance Co primarily operates.
PolicyFly Inc $109,235
+11.5%
Influenced by prevailing union wage agreements specific to PolicyFly Inc's sector.
Svea Mutual Insurance Co $85,154
-13.0%
Svea Mutual Insurance Co likely leverages performance bonuses over the high base salary shown here.
Silver Rock Risk Solutions $97,474
-0.5%
Suggests Silver Rock Risk Solutions utilizes a highly similar base-plus-benefits compensation model.
Insurance Industry $123,858
+26.5%
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.

How Safewaters LLC's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Safewaters LLC

Considering a career at Safewaters LLC? 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 work culture is inclusive, and leadership is transparent about company goals. Team dynamics are strong, and there’s a real sense of camaraderie. The team is knowledgeable and always willing to help. The company offers a structured work environment with clear expectations.
Commented in May 23, 2025
49
1
The company has a strong sense of community, and leadership ensures transparency in decision-making. Typical insurance workplace. Work-life balance is respected, making it a great place for long-term employment. Training programs are robust, ensuring employees stay updated on industry trends. Overall, it’s a great place to build a career in the insurance industry. While there aren’t many flashy pe...
Commented in November 02, 2024
12
0
Flexible scheduling options and mental health resources are available, which is rare in insurance. Leadership truly cares about employees. The workload is balanced, with no excessive pressure. Overall, it’s a stable and fulfilling workplace with room for advancement. I’d recommend this company to professionals seeking growth in insurance.
Commented in February 15, 2024
29
1

Safewaters LLC Overview

Website
www.safewatersmarine.com
Founded In
2005
Employees
<25 employees
Industry
Insurance
Headquarter Address
950 Lake Susan Hills Dr Chanhassen Minnesota MN 55317
Revenue
$5 Million - $10 Million
Phone Number
+1 8664119283
Social Media
About Safewaters LLC
SafeWaters is an MGU specializing in marine risks, underwriting liability insurance for yachts, ocean cargo, marine liability, and hull & machinery.

What Benefits Does Safewaters LLC Offer Beyond Salary?

A competitive compensation package is more than just a salary. Safewaters LLC 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 Minneapolis?

Understanding the cost of living near Minneapolis is key to truly evaluating a salary offer or your current compensation at Safewaters LLC.
Minneapolis' Cost of Living Index is approximately 104.8 (4.8% more expensive than US average; 7.9% more than MN average). Major city, vibrant, housing costs above US avg, cold winters (high heating). Metro Transit. When planning your budget based on a salary from Safewaters LLC, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,400 - $2,100+ A significant portion of Safewaters LLC 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) $430 - $630 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $390 - $720+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,920 - $4,480+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Safewaters LLC

1. What is the average salary for employees at Safewaters LLC?

The average annual total compensation for employees at Safewaters LLC is approximately $97,928. However, this is an aggregate figure, actual salaries can range significantly, typically from $86,165 to $110,721, depending on factors like job role, experience, and location.

2. How much does Safewaters LLC pay compared to Bedford Grange Mutual Insurance Co?

The average annual salary at Safewaters LLC is $97,928, or an hourly wage of $47, in comparison to Bedford Grange Mutual Insurance Co which pays $83,519 per year or $40 per hour.

3. What is the lowest salary at Safewaters LLC?

The lowest-paying job at Safewaters LLC is a Clerk with a salary of $38,056 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 Safewaters LLC?

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 Safewaters LLC for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Safewaters LLC offer cost-of-living adjustments (COLA) for employees in high-cost areas like Minneapolis?

While some companies offer formal COLA, many, including potentially Safewaters LLC, 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 Safewaters LLC?

Most companies, likely including Safewaters LLC, 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.

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