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Sherman Insurance Inc Salary

Sherman Insurance Inc Salary

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As of August 2026, the average annual salary for employees at Sherman Insurance Inc in the United States is $98,033. This translates to an approximate hourly wage of $47. Salaries at Sherman Insurance Inc typically range from $86,256 to $110,843 annually, reflecting the diverse roles and experience levels within the company.
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Is Sherman Insurance Inc’s Pay Competitive? Salary Benchmarking Analysis

How does Sherman Insurance Inc'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
Proctor Pension $106,556
+8.7%
Driven by niche technical certifications required for Proctor Pension's specialized projects.
Miami Children's Health Plan $96,989
-1.1%
Reflects stabilized pricing equilibrium for commercial construction roles in this region.
NTA Insurance Service $91,198
-7.0%
Normalized for lower cost-of-living zones where NTA Insurance Service primarily operates.
Asset Protection Ltd $84,827
-13.5%
Asset Protection Ltd operates with a leaner overhead structure, impacting base wage offers.
Insurance Industry $123,858
+26.3%
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.

How Sherman Insurance Inc's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Sherman Insurance Inc

Considering a career at Sherman Insurance Inc? 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 office environment is modern, and flexible scheduling is available. The leadership team is accessible, and there’s a strong focus on professional growth. The company maintains a steady work environment, making it a reliable place for employment. The compensation is competitive, with bonuses tied to performance.
Commented in April 11, 2025
19
2
The company culture is welcoming, and leadership is invested in employee success. The office environment is comfortable, and colleagues are respectful. The office environment is modern, and remote work options add flexibility. Overall, it’s a stable workplace with reasonable expectations. Colleagues are professional, and teamwork is encouraged. It’s a good fit for those who prefer a low-drama work...
Commented in January 01, 2025
22
1
The team is knowledgeable, and management fosters a culture of respect. The work environment is positive, and colleagues are helpful. I’ve had opportunities to take on new projects, which have helped me develop my skills. The company maintains a strong operational structure, ensuring smooth workflows. Colleagues are professional, though team bonding is minimal.
Commented in January 13, 2024
17
2

Sherman Insurance Inc Overview

Website
www.shermanins.com
Founded In
1931
Employees
<25 employees
Industry
Insurance
Headquarter Address
120 Bridgepoint Way South Saint Paul Minnesota MN 55075
Revenue
$5 Million - $10 Million
Phone Number
+1 6514511758
Social Media
About Sherman Insurance Inc
The Sherman Insurance Agency was founded in 1931 by E. Howard Sherman to provide truck insurance for the many livestock haulers serving the South St. Paul stockyards. While the stockyards left South St. Paul in April 2008, Sherman Insurance continues to specialize in all forms of truck insurance. Today, with locations in South St. Paul and Forest Lake, Minnesota, Sherman writes all forms of person

What Benefits Does Sherman Insurance Inc Offer Beyond Salary?

A competitive compensation package is more than just a salary. Sherman Insurance Inc 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 Saint Paul?

Understanding the cost of living near Saint Paul is key to truly evaluating a salary offer or your current compensation at Sherman Insurance Inc.
Saint Paul's Cost of Living Index is approximately 101.5 (1.5% more expensive than US average; 4.5% more than MN average). State capital, slightly more affordable housing than Minneapolis. Metro Transit. When planning your budget based on a salary from Sherman Insurance Inc, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,300 - $1,900+ A significant portion of Sherman Insurance Inc 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) $420 - $620 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $750+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,750 - $4,200+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Sherman Insurance Inc

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

The average annual total compensation for employees at Sherman Insurance Inc is approximately $98,033. However, this is an aggregate figure, actual salaries can range significantly, typically from $86,256 to $110,843, depending on factors like job role, experience, and location.

2. How much does Sherman Insurance Inc pay compared to Proctor Pension?

The average annual salary at Sherman Insurance Inc is $98,033, or an hourly wage of $47, in comparison to Proctor Pension which pays $106,556 per year or $51 per hour.

3. What is the lowest salary at Sherman Insurance Inc?

The lowest-paying job at Sherman Insurance Inc is a Producer with a salary of $57,339 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 Sherman Insurance Inc?

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

5. Does Sherman Insurance Inc offer cost-of-living adjustments (COLA) for employees in high-cost areas like Saint Paul?

While some companies offer formal COLA, many, including potentially Sherman Insurance Inc, 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 Sherman Insurance Inc?

Most companies, likely including Sherman Insurance Inc, 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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