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Merchants Insurance Group Overview

Merchants Insurance Group is a regional property and casualty insurance company headquartered in Buffalo, New York. The company provides commercial and personal property and casualty insurance throughout the Northeast and North Central United States.
Merchants Insurance Group is a well-established company. It was founded way back in 1918. This time-proven company loves to hire graduates from SUNY at Buffalo, with 18.9% of its employees having attended SUNY at Buffalo. Want to explore some other great places to work in New York? You can check out our full list of Best Companies to Work For in New York. The average employee at Merchants Insurance Group makes $66,869 per year, which is competitive for its industry and location. Some of its highest paying competitors, Industrial Risk Insurers, Erie Indemnity Company, and Hub International, pay $70,532, $62,009, and $61,329, respectively.
Merchants Insurance Group is a medium insurance company with 323 employees and an annual revenue of $21.4M that is headquartered in New York.

The Organization’s Mission

To be the property/casualty insurance company independent agents trust most to serve their valued customers. We believe trust is earned through high credibility, reliability and intimacy, and a low self orientation. To provide policyholders with peace of mind so they may live their dreams.

Industry

Insurance

Revenue

$21.4M

Employees

323

Founded in

1918

Headquarters

Buffalo, NY

Website

merchantsgroup.com

Organization Type

Private

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The Team At Merchants Insurance Group

Key People
  • Robert Zak (key_person)

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Merchants Insurance Group Rankings

Merchants Insurance Group is ranked #62 on the Best Insurance Companies to Work For in New York list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Merchants Insurance Group Salaries

How much does Merchants Insurance Group pay?
The national average salary for a Merchants Insurance Group employee in the United States is $66,869 per year. Employees in the top 10 percent can make over $115,000 per year, while employees at the bottom 10 percent earn less than $38,000 per year.
6.8
Salary Score
Average Employee Earnings

Merchants Insurance Group Salaries By Job Title

While the average employee salary at Merchants Insurance Group is $66,869, there is a big variation in pay depending on the role. Some of the job titles with high salaries at Merchants Insurance Group are corporate counsel, marketing director, natural gas trader, and director, marketing & product development. A typical corporate counsel salary at Merchants Insurance Group is $146,217 per year. Other roles at Merchants Insurance Group include receptionist and underwriting technician. A receptionist at Merchants Insurance Group earns an average yearly salary of $30,370.
Job Title
Title
ascdesc
Average Salarydesc
Corporate Counsel
Salary Range135k - 157k$146k$146,217
Marketing Director
Salary Range125k - 148k$136k$136,479
Natural Gas Trader
Salary Range120k - 150k$134k$134,467
Director, Marketing & Product Development
Salary Range120k - 142k$131k$131,062
Business Development Director
Salary Range110k - 127k$118k$118,493
Actuarial Internship
Salary Range96k - 127k$111k$110,821
Contractor Supervisor
Salary Range91k - 121k$106k$105,614
President And Founder
Salary Range92k - 114k$103k$102,534
Network Architect
Salary Range91k - 105k$98k$98,310
Senior Programmer Analyst
Salary Range85k - 102k$94k$93,599
$57k
$157k

Merchants Insurance Group Careers

On average, employees at Merchants Insurance Group stay with the company for 4.2 years. Employees most commonly join Merchants Insurance Group after leaving GEICO. When they leave Merchants Insurance Group, they most frequently get their next job at Citigroup.

Average Length of Employment

Chubb
6.2 years
Travelers
5.8 years
GEICO
4.5 years

Top Employers Before Merchants Insurance Group

GEICO
14.5 %
McGard
5.5 %

Top Employers After Merchants Insurance Group

Citigroup
12.9 %

Merchants Insurance Group Employee Demographics

8.8
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Merchants Insurance Group Employees Education

Of the 323 employees at Merchants Insurance Group, 18.9% attended SUNY at Buffalo. Employees at Merchants Insurance Group most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Merchants Insurance Group Employment Videos

Merchants Insurance Group Financial Performance

6.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$10M - $100M

Founded in

1918

Organization type

Private

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Merchants Insurance Group Competitors

Based on our research, similar companies to Merchants Insurance Group are Industrial Risk Insurers, Erie Indemnity Company, and Hub International. The wages at Industrial Risk Insurers average higher than the other similar companies, where the median salary is $70,532 per year. Employees at Erie Indemnity Company earn an average of $62,009 per year, and the employees at Hub International earn an average salary of $61,329 per year.
Companydesc
Average Salarydesc

Industrial Risk Insurers

Salary Range54k - 91k$71k$70,532
Erie Indemnity Company
Salary Range46k - 82k$62k$62,009
Hub International
Salary Range44k - 84k$61k$61,329
Alliant Insurance Services
Salary Range44k - 76k$58k$58,431
Chubb
Salary Range41k - 79k$57k$57,278

Ansay & Associates

Salary Range40k - 78k$56k$55,998
Brown & Brown
Salary Range39k - 74k$55k$54,551
Ameritas
Salary Range38k - 74k$54k$53,594
Travelers
Salary Range38k - 70k$52k$52,091

Group Benefit Solutions

Salary Range36k - 73k$52k$52,007
$29k
$91k

Frequently Asked Questions about Merchants Insurance Group

When was Merchants Insurance Group founded?

Merchants Insurance Group was founded in 1918.

How many Employees does Merchants Insurance Group have?

Merchants Insurance Group has 323 employees.

How much money does Merchants Insurance Group make?

Merchants Insurance Group generates $21.4M in revenue.

What industry is Merchants Insurance Group in?

Merchants Insurance Group is in the insurance industry.

What is Merchants Insurance Group's mission?

Merchants Insurance Group's mission statement is "To be the property/casualty insurance company independent agents trust most to serve their valued customers. We believe trust is earned through high credibility, reliability and intimacy, and a low self orientation. To provide policyholders with peace of mind so they may live their dreams."

What type of company is Merchants Insurance Group?

Merchants Insurance Group is a private company.

Who are Merchants Insurance Group's competitors?

Merchants Insurance Group competitors include Chubb, GEICO, Travelers, Nationwide Mutual Insurance ..., Farmers Insurance Group, Progressive, Erie Indemnity Company, Transportation Insurance Company, Brown & Brown, Alliant Insurance Services, Group Benefit Solutions, Universal Insurance Holdings, All Risks, Western Insurance Holdings, Hub International, Industrial Risk Insurers, Provider Group, Federated Mutual Insurance Company, Ansay & Associates, Ameritas.

Who works at Merchants Insurance Group?

Robert Zak (key_person)

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Merchants Insurance Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Merchants Insurance Group. The employee data is based on information from people who have self-reported their past or current employments at Merchants Insurance Group. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Merchants Insurance Group and its employees or that of Zippia.

Merchants Insurance Group may also be known as or be related to MERCHANTS GROUP INC, Merchants Group Inc and Merchants Insurance Group.