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Richmond National Salary

Richmond National Salary

How much does the Richmond National Pay for employees?

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As of October 2026, the average annual salary for employees at Richmond National in the United States is $95,006. This translates to an approximate hourly wage of $46. Salaries at Richmond National typically range from $83,571 to $107,477 annually, reflecting the diverse roles and experience levels within the company. Richmond National’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
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.

How Much Does Richmond National Pay for Different Roles?

Explore detailed salary information for specific jobs at Richmond National. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
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.
How accurate does the salary look to you?

Current Job Openings at Richmond National

Ready for your next career move? Explore current job openings at Richmond National. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Richmond National’s Pay Competitive? Salary Benchmarking Analysis

How does Richmond National’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
Richmond National
Insurance
HRI Associates
GEICO Marine Insurance Co
Industry Comparison
Our data shows that, on average, compensation at Richmond National is below the average for the U.S. Insurance industry by approximately 23%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Richmond National average annual salary with several similar companies. Richmond National average salary of $95,006 is lower than HRI Associates, which has an average salary of $104,351. It is lower than GEICO Marine Insurance Co, with their average salary at $106,493. This places Richmond National in a developing position among its peers.
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How Richmond National's Salaries Compare to Similar Companies?

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

Employee Reviews: Working at Richmond National

Considering a career at Richmond National? 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 team is friendly, though interactions are mostly work-focused. The compensation is fair, with bonuses and performance incentives. The company fosters a collaborative environment where teamwork is highly encouraged. Satisfied with my job. Rewarding work, good bonuses. The insurance products are well-established, adding credibility to daily tasks.
Commented in April 28, 2025
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Managers are supportive and encourage innovation. The office culture is welcoming, and there are plenty of networking opportunities. Benefits, including health insurance and retirement plans, are excellent. The compensation package is competitive, and there are ample opportunities for professional development. Coworkers are professional and kind.
Commented in April 11, 2025
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A great employer. The company operates efficiently, with well-defined roles and responsibilities. Overall, it’s a stable and fulfilling place to build a long-term career in the insurance industry. The company is stable, with a strong presence in the insurance market.
Commented in March 09, 2024
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Richmond National Overview

Website
www.richmondnational.com
Founded In
2021
Employees
25 - 50 employees
Industry
Insurance
Headquarter Address
3951 Westerre Pkwy Richmond Virginia VA 23233
Revenue
$10 Million - $50 Million
Phone Number
+1 7037172317
Social Media
About Richmond National
Richmond National is a specialty property & casualty insurance company focused on providing insurance to small and mid-size businesses that are unable to find coverage in the standard insurance market.We operate exclusively within the excess & surplus lines market, which provides our underwriters flexibility to develop highly tailored policies to best meet the insurance needs and risk management o

What Benefits Does Richmond National Offer Beyond Salary?

A competitive compensation package is more than just a salary. Richmond National 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 Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at Richmond National.
Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from Richmond National, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,100 - $1,600+ A significant portion of Richmond National salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $60 (GRTC monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $400 - $580 Can be higher with more dining out or specialty stores.
Personal & Leisure $380 - $700+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,440 - $3,790+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Richmond National

1. How much does a Richmond National employee make?

Richmond National pays its employees an average of $95,006 per year. The average salary at Richmond National range from $83,571 to $107,477 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. Which similar company tend to pay more or less than Richmond National?

The salary at Richmond National is lesser than the similar company. The average annual salary at Richmond National is $95,006, or an hourly wage of $46, in comparison to HRI Associates which pays $104,351 per year or $50 per hour.

3. How much does a President & Chief Executive Officer typically earn at Richmond National?

A President & Chief Executive Officer at Richmond National typically earns an average annual base salary of around $735,429, with a general range of $562,853 to $927,277.

4. Do employees with advanced degrees (Master's, PhD) earn more at Richmond National?

In many roles at Richmond National, particularly those requiring specialized knowledge or research capabilities (e.g., certain engineering, scientific, or financial roles), an advanced degree like a Master's or PhD can lead to a higher starting salary and faster career progression, thus higher earnings. However, for some roles, direct experience and skills might be valued as much or more than an advanced degree. The impact varies by field and specific job requirements.

5. How does the cost of living near Richmond affect the perceived value of a Richmond National salary?

Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). This significantly impacts the purchasing power of a salary from Richmond National based there. Our "Cost of Living Insights for Richmond" module details this impact, helping you assess the 'real feel' value of your compensation.

6. What kind of benefits does Richmond National typically offer employees?

Richmond National generally offers a range of employee benefits designed to support their workforce's health, financial well-being, and work-life balance. Comprehensive health insurance (medical, dental, vision), a 401(k) retirement savings plan (often with a company match), paid time off (PTO), and potentially disability and life insurance are included. For a more detailed list of benefits, please see our "Employee Benefits at Richmond National" section on this page.

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