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Insurance Broker Jobs in Madison, WI (NOW HIRING)

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Insurance Broker information

See Madison, WI salary details

$39.3K

$87.9K

$119.9K

How much do insurance broker jobs pay per year?

As of Aug 10, 2026, the average yearly pay for insurance broker in Madison, WI is $87,888.00, according to ZipRecruiter salary data. Most workers in this role earn between $76,600.00 and $100,800.00 per year, depending on experience, location, and employer.

How much do insurance brokers usually make?

Insurance brokers typically earn a median annual salary of around $50,000 to $70,000, with top earners making over $100,000 through commissions and bonuses. Income varies based on experience, location, client base, and the types of insurance sold.

How difficult is it to be an insurance broker?

Becoming an insurance broker requires obtaining necessary licenses, which involves passing state exams, and developing sales and customer service skills. The role can be competitive and often involves working flexible hours to meet client needs and build a client base.

What are some common challenges insurance brokers face when balancing client needs with insurer requirements?

Insurance Brokers often navigate the challenge of aligning their clients’ unique coverage needs with the specific underwriting guidelines and product offerings of various insurers. This can require strong negotiation skills, in-depth product knowledge, and the ability to communicate complex policy details to clients in an understandable way. Brokers must also manage multiple client accounts simultaneously, ensuring timely renewals and claims support while adhering to regulatory requirements. Building strong relationships with both clients and insurers is key to overcoming these challenges and providing effective service.

What does an insurance broker do?

Insurance brokers are professionals in the insurance industry who sell, solicit, and negotiate insurance for a living. They are regulated by the state and must meet certain licensing requirements to do business in their state. Insurance brokers are professional advisers, representing and working on behalf of their clients. Brokers help clients understand their risks and advise them on which assets merit insurance and which do not. Insurance brokers may have industry specializations as well. Keep in mind that insurance brokers are not actual insurers; they are the liaisons between the insurance companies and clients and work on the client’s behalf.

Is insurance broker a good career?

An insurance broker is a professional who sells insurance policies and advises clients on coverage options. It can be a rewarding career with flexible hours and earning potential based on commissions, but success depends on sales skills, industry knowledge, and building client relationships.

What are the key skills and qualifications needed to thrive as an insurance broker, and why are they important?

To thrive as an Insurance Broker, you need a solid understanding of insurance products, risk assessment, and sales techniques, typically supported by relevant licenses such as a state insurance broker license. Familiarity with customer relationship management (CRM) software, quoting platforms, and industry databases is essential for effective client management and policy research. Excellent interpersonal skills, negotiation abilities, and ethical judgment help build trust and long-term relationships with clients. These skills are crucial for matching clients with suitable coverage, navigating regulatory requirements, and achieving sales targets in a competitive industry.

What is the difference between Insurance Broker vs Insurance Agent?

AspectInsurance BrokerInsurance Agent
CredentialsLicensing required; often independentLicensing required; typically tied to specific companies
Work EnvironmentWorks independently or with multiple insurersRepresents one insurer or a few
Employer & Industry UsageIndependent or brokerage firms; broader industry roleInsurance companies; direct sales
Comparison IntentFinds policies across multiple insurers for clientsPromotes policies from a specific insurer

Insurance brokers act as independent advisors, offering clients a variety of policies from multiple insurers, while insurance agents typically represent a single insurer and sell its products. Both roles require licensing, but brokers often have a broader scope and work with multiple companies, providing more options for clients.

What is an insurance broker?

Insurance brokers are professionals who act as intermediaries between clients and insurance companies. They help individuals and businesses find the most suitable insurance policies by comparing offerings from multiple insurers. Brokers assess clients' needs, provide expert advice, and negotiate policy terms to ensure comprehensive coverage at competitive prices. Unlike insurance agents, brokers represent the interests of the client rather than the insurance company.
What are popular job titles related to Insurance Broker jobs in Madison, WI? For Insurance Broker jobs in Madison, WI, the most frequently searched job titles are:
What cities near Madison, WI are hiring for Insurance Broker jobs? Cities near Madison, WI with the most Insurance Broker job openings:
Infographic showing various Insurance Broker job openings in Madison, WI as of August 2026, with employment types broken down into 1% As Needed, 73% Full Time, 20% Part Time, and 6% Contract. Highlights an 91% Physical, 1% Hybrid, and 8% Remote job distribution, with an average salary of $87,888 per year, or $42.3 per hour.

Corporate Insurance Specialist

Faith Technologies

Madison, WI • On-site

Full-time

Posted 24 days ago


Faith Technologies rating

8.0

Company rating: 8.0 out of 10

Based on 54 frontline employees who took The Breakroom Quiz

205th of 446 rated engineering


Job description

You've discovered something special. A company that cares. Cares about leading the way in construction, engineering, manufacturing and renewable energy. Cares about redefining how energy is designed, applied and consumed. Cares about thoughtfully growing to meet market demands. And as "one of the Healthiest 100 Workplaces in America" is focused on the mind/body/soul of team members through our Culture of Care.

The Corporate Insurance Specialist partners with the Corporate Insurance Manager and Risk Management team to manage and optimize the company's insurance portfolio, with a focus on property-related programs. This role evaluates risk exposures, secures appropriate coverage, and ensures alignment with organizational risk tolerance and industry best practices.

This role exercises independent judgment in negotiating insurance terms, analyzing coverage adequacy, and recommending program improvements. Serving as a company-wide subject matter expert, this position provides guidance on coverage interpretation, policy language, and insurance implications for business operations and contracts. Through collaboration with brokers, carriers, and internal stakeholders, this role ensures the company's insurance programs effectively protect assets and support sound risk management principles.

This role requires proficiency using a PC and Microsoft Office Suite (Access, Excel, Outlook, PowerPoint, and Word). Ideal candidate will have strong attention to detail, organizational skills, ability to effectively prioritize and complete daily tasks, and the desire and capacity to learn. Prior work experience with corporate insurance, including commercial policies, is required.

MINIMUM REQUIREMENTS

Education: Bachelor of Business Administration (BBA) preferred.

Experience: Require 5-7 years, prefer 8-10+ years of experience with insurance broker, carrier, or TPA; or with an employer; related to the corporate insurance policy(ies) and/or program management.

Travel: 0-20%

Work Schedule: This position works between the hours of 7 AM and 5 PM, Monday- Friday. However, work may be performed at any time on any day of the week to meet business needs.

KEY RESPONSIBILITIES

  • Leads the procurement and ongoing management of the company's property insurance program, ensuring adequate coverage and alignment with organizational risk tolerance.
  • Performs detailed coverage analyses, evaluating geographic exposures and potential weather-related risks to determine appropriate policy limits, sublimits, and deductibles.
  • Identifies potential gaps in coverage or sublimit and deductible concerns and recommends adjustments to ensure comprehensive protection.
  • Communicates coverage details-including limits, deductibles, and key terms-to business leaders to promote understanding of risk exposure and insurance placement rationale.
  • Provides strategic input to leadership on property risk trends and insurance program optimization opportunities.
  • Maintains in-depth knowledge of the company's full insurance portfolio, including the various lines of coverage and their strategic purpose.
  • Evaluates insurance terms and conditions to ensure alignment with organizational needs, risk exposure, and industry best practices.
  • Negotiates contractual insurance requirements with vendors, partners, and clients to ensure adequate protection consistent with company standards and coverage levels.
  • Provides guidance to internal stakeholders on insurance obligations and compliance considerations related to contracts.
  • Acts as a direct liaison to insurance brokers and carriers.
  • Serves as a company-wide subject matter expert on corporate insurance programs, providing guidance and interpretation of coverage terms, policy language, and claims processes.
  • Performs other related duties as required and assigned.

The job description and responsibilities described are intended to provide guidelines for job expectations and the employee's ability to perform the position described. It is not intended to be construed as an exhaustive list of all functions, responsibilities, skills, and abilities. Additional functions and requirements may be assigned by supervisors as deemed appropriate.

How Does FTI Give YOU the Chance to Thrive?

If you're energized by new challenges, FTI provides you with many opportunities. Joining FTI opens doors to redefine what's possible for your future.

Once you're a team member, you're supported and provided with the knowledge and resources to achieve your career goals with FTI. You're officially in the driver's seat of your career, and FTI's career development and continued education programs give you opportunities to position yourself for success.

FTI is a "merit to the core" organization. We recognize and reward top performers, offering competitive, merit-based compensation, career path development and a flexible and robust benefits package.

Benefits are the Game-Changer

We provide industry-leading benefits as an investment in the lives of team members and their families.You're invited to review the full list of FTI benefits available to regular/full-time team members. Start here. Grow here. Succeed here. If you're ready to learn more about your career with FTI, apply today!

Faith Technologies, Inc. is an Equal Opportunity Employer - veterans/disabled.


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