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Commercial lines insurance agent vs licensed sales producer

The differences between commercial lines insurance agents and licensed sales producers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a commercial lines insurance agent has an average salary of $55,459, which is higher than the $38,353 average annual salary of a licensed sales producer.

The top three skills for a commercial lines insurance agent include insurance carriers, insurance products and insurance quotes. The most important skills for a licensed sales producer are customer service, financial products, and life insurance.

Commercial lines insurance agent vs licensed sales producer overview

Commercial Lines Insurance AgentLicensed Sales Producer
Yearly salary$55,459$38,353
Hourly rate$26.66$18.44
Growth rate6%6%
Number of jobs84,53940,137
Job satisfaction--
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 54%
Average age4646
Years of experience--

Commercial lines insurance agent vs licensed sales producer salary

Commercial lines insurance agents and licensed sales producers have different pay scales, as shown below.

Commercial Lines Insurance AgentLicensed Sales Producer
Average salary$55,459$38,353
Salary rangeBetween $35,000 And $87,000Between $28,000 And $52,000
Highest paying City-Madison, WI
Highest paying state-Wisconsin
Best paying company-Oracle
Best paying industry-Manufacturing

Differences between commercial lines insurance agent and licensed sales producer education

There are a few differences between a commercial lines insurance agent and a licensed sales producer in terms of educational background:

Commercial Lines Insurance AgentLicensed Sales Producer
Most common degreeBachelor's Degree, 52%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Commercial lines insurance agent vs licensed sales producer demographics

Here are the differences between commercial lines insurance agents' and licensed sales producers' demographics:

Commercial Lines Insurance AgentLicensed Sales Producer
Average age4646
Gender ratioMale, 33.6% Female, 66.4%Male, 39.2% Female, 60.8%
Race ratioBlack or African American, 9.5% Unknown, 3.6% Hispanic or Latino, 16.4% Asian, 4.1% White, 66.3% American Indian and Alaska Native, 0.1%Black or African American, 9.3% Unknown, 3.6% Hispanic or Latino, 15.9% Asian, 4.9% White, 66.2% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between commercial lines insurance agent and licensed sales producer duties and responsibilities

Commercial lines insurance agent example responsibilities.

  • Work with people in retirement helping manage their health and life insurance, also help structure their 401k's into annuities.
  • Provide unparallele brokerage services, specifically focusing on a thorough analysis of business risk and comprehensive options for clients.
  • Act as a retention specialist for Cigna Healthspring during AEP.

Licensed sales producer example responsibilities.

  • Generate production and leads through telemarketing sales.
  • Provide quotes, bound coverage for insurance products through Allstate and its brokered affiliates for new business and cross sell campaigns.
  • Directly-Assist agency owner in developing new market strategies to solicit new business and increase cross-selling to existing book of business.
  • Used consultative upselling techniques to provide leads

Commercial lines insurance agent vs licensed sales producer skills

Common commercial lines insurance agent skills
  • Insurance Carriers, 30%
  • Insurance Products, 26%
  • Insurance Quotes, 13%
  • Insurance Policies, 6%
  • Professional Customer Service, 6%
  • AMS, 5%
Common licensed sales producer skills
  • Customer Service, 34%
  • Financial Products, 9%
  • Life Insurance, 6%
  • Product Knowledge, 3%
  • Policy Changes, 3%
  • Outbound Calls, 3%