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The differences between commercial lines account managers and insurance producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance producer has an average salary of $65,112, which is higher than the $57,372 average annual salary of a commercial lines account manager.
The top three skills for a commercial lines account manager include customer service, management system and cancellations. The most important skills for an insurance producer are casualty insurance, customer service, and develop leads.
| Commercial Lines Account Manager | Insurance Producer | |
| Yearly salary | $57,372 | $65,112 |
| Hourly rate | $27.58 | $31.30 |
| Growth rate | 6% | 6% |
| Number of jobs | 84,354 | 44,922 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Average age | 46 | 46 |
| Years of experience | - | - |
A commercial lines account manager is an individual who provides quality service to clients as well as act as the daily liaison between insurance company, agent, and their clients. Commercial lines account managers are required to address various coverage issues and handle inside service work that is associated with the client's account. They must assist their clients in making appropriate coverage changes and educate them about coverage, exclusions, and exposures. Commercial lines account managers must also set up finance contracts with PFS and help negotiate rates if applicable.
An insurance producer is responsible for selling and buying financial services and products for an insurance company. They negotiate issues regarding health, life insurance, and other properties. Also, an insurance producer maintains a good relationship between clients and prospective clients by offering the best insurance service and ensuring that all the policies and guidelines are fully followed.
Commercial lines account managers and insurance producers have different pay scales, as shown below.
| Commercial Lines Account Manager | Insurance Producer | |
| Average salary | $57,372 | $65,112 |
| Salary range | Between $44,000 And $74,000 | Between $45,000 And $93,000 |
| Highest paying City | Bothell, WA | Madison, WI |
| Highest paying state | Washington | Wisconsin |
| Best paying company | UBS | Dahl Consulting |
| Best paying industry | Start-up | Real Estate |
There are a few differences between a commercial lines account manager and an insurance producer in terms of educational background:
| Commercial Lines Account Manager | Insurance Producer | |
| Most common degree | Bachelor's Degree, 51% | Bachelor's Degree, 53% |
| Most common major | Business | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between commercial lines account managers' and insurance producers' demographics:
| Commercial Lines Account Manager | Insurance Producer | |
| Average age | 46 | 46 |
| Gender ratio | Male, 12.8% Female, 87.2% | Male, 51.9% Female, 48.1% |
| Race ratio | Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.8% Asian, 4.9% White, 66.4% American Indian and Alaska Native, 0.1% | Black or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.1% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |