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Surety bond agent vs insurance sales representative

The differences between surety bond agents and insurance sales representatives can be seen in a few details. Each job has different responsibilities and duties. Additionally, an insurance sales representative has an average salary of $61,386, which is higher than the $37,289 average annual salary of a surety bond agent.

The top three skills for a surety bond agent include surety, bonds and customer service. The most important skills for an insurance sales representative are customer service, excellent time management, and work ethic.

Surety bond agent vs insurance sales representative overview

Surety Bond AgentInsurance Sales Representative
Yearly salary$37,289$61,386
Hourly rate$17.93$29.51
Growth rate6%6%
Number of jobs28,690201,879
Job satisfaction--
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 59%
Average age4646
Years of experience--

Surety bond agent vs insurance sales representative salary

Surety bond agents and insurance sales representatives have different pay scales, as shown below.

Surety Bond AgentInsurance Sales Representative
Average salary$37,289$61,386
Salary rangeBetween $22,000 And $61,000Between $38,000 And $97,000
Highest paying City-Washington, DC
Highest paying state-New York
Best paying company-FFL Partners
Best paying industry-Finance

Differences between surety bond agent and insurance sales representative education

There are a few differences between a surety bond agent and an insurance sales representative in terms of educational background:

Surety Bond AgentInsurance Sales Representative
Most common degreeBachelor's Degree, 42%Bachelor's Degree, 59%
Most common majorBusinessBusiness
Most common collegeHoward UniversityUniversity of Pennsylvania

Surety bond agent vs insurance sales representative demographics

Here are the differences between surety bond agents' and insurance sales representatives' demographics:

Surety Bond AgentInsurance Sales Representative
Average age4646
Gender ratioMale, 53.9% Female, 46.1%Male, 53.9% Female, 46.1%
Race ratioBlack or African American, 9.2% Unknown, 3.6% Hispanic or Latino, 15.7% Asian, 4.8% White, 66.6% American Indian and Alaska Native, 0.1%Black or African American, 9.4% Unknown, 3.6% Hispanic or Latino, 16.2% Asian, 4.9% White, 65.8% American Indian and Alaska Native, 0.1%
LGBT Percentage7%7%

Differences between surety bond agent and insurance sales representative duties and responsibilities

Surety bond agent example responsibilities.

  • Manage employees, handle complaints, employee scheduling, and payroll.
  • Maintain accuracy in calculating interest and commissions on surety bonds.
  • Process all bonds, error free, as necessary and where power of attorney is granted.
  • Conduct surety education sessions for sales and production staff
  • Operate remote telecommunications using applications and secure computer communications to troubleshoot and resolve issues on customer Samsung devices.
  • Help clients with changes require to their bond in a quick and timely manner.
  • Show more

Insurance sales representative example responsibilities.

  • Used consultative upselling techniques to provide leads
  • Translate and assign diagnosis and medical procedures into CPT, ICD-9 and ICD-10 codes.
  • Lead rep for major payer.
  • Monitor the performance of each account rep.
  • Educate physicians and clinic staff on current ICD 9 and CPT coding regulations.
  • Comply with company policy, procedures, and pertinent laws and regulation such a HIPAA.
  • Show more

Surety bond agent vs insurance sales representative skills

Common surety bond agent skills
  • Surety, 39%
  • Bonds, 25%
  • Customer Service, 20%
  • Court Appearances, 9%
  • Court Dates, 7%
Common insurance sales representative skills
  • Customer Service, 17%
  • Excellent Time Management, 16%
  • Work Ethic, 12%
  • Strong Customer Service, 11%
  • Strong Work Ethic, 11%
  • Lead Generation, 4%