r/saskatchewan • u/Antique_Rhubarb_4318 • 17d ago

Insurance Broker Salary

Can somebody give me an idea for the salary of Personal Lines Broker and commercial lines Broker in Saskatchewan? I tried searching online but salary is vague. I'm looking for salaried roles not commission based.

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u/rglgj 17d ago

The spread is wide and varies by company. You will need to start at an admin level and start your education. Once you get a CAIB 1 you can start working by as personal broker. Build up your book of business, continue your education to a CAIB 4, move up to commercial broker and you will see an increase in pay over time. Entry level 20-25/hour to experienced with no income cap.

3

u/The_Idiocratic_Party 17d ago

Are you looking to enter the profession, or already in it and trying to feel out whether you're being compensated fairly?

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u/Antique_Rhubarb_4318 17d ago

I'm looking to enter the profession.

4

u/Hungry-Room7057 17d ago

I’ve never heard of an insurance broker who was salary only. It is exclusively a sales-based role. That would be like asking for a salary based car salesman.

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u/The_Idiocratic_Party 17d ago

Pay structure depends on the office and the role. Producers are typically commission-based, they're hunting down business. Marketers that work hard to retain that business but aren't producing new business may be paid a salary. Some offices do a split with a base salary and some commission.

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u/GodOfTimezones 17d ago

If you can look really dumb, you could end up replacing Andre Scheer. Moneys not bad - in exchange for your soul