At Assurance, 92 percent of employees say their workplace is great.

EMPLOYEE RATINGS

     

This review is based on 264 employee surveys, with a 90% confidence level and a margin of error of ± 3.30. It was published on Jul 10, 2017. 13354 Visitors

What Employees Say

I feel good about the ways we contribute to the community.
97%
 
I am given the resources and equipment to do my job.
96%
 
People celebrate special events around here.
96%
 
Management is honest and ethical in its business practices.
95%
 
Management is competent at running the business.
94%
 

What They Do

We asked Assurance to explain what they do. Here is what they had to say.

Assurance is among the largest and most awarded independent insurance brokerages in the U.S. A “Top 50” broker and repeated national “Best Place to Work” winner, we create value by minimizing risk and maximizing health for 6,000 clients nationwide.

About this Company

Website: www.assuranceagency.com Industry: Financial Services & Insurance
US Headquarters: Schaumburg, Illinois, 60173 US Sites: 3
Major Locations: Schaumburg, Illinois; Chicago, Illinois US Employees: 462
US Revenues: $100 million Worldwide Revenues: $100 million
Corporate Structure: Private Founded: 1961

Assurance families enjoy the annual

Perks and Programs

We asked Assurance to share a few programs they feel really capture what's unique about their workplace. Here is what they had to say.

  • “Eye of the Tiger” Wellness: Our wellness program allows employees to tailor their wellness goals and incentives to their individual needs and desires. Employees can earn up to $500 per year by living our wellness philosophy of “Know it. Prevent it. Do it.” Throughout the year, employees accumulate points for completing biometric screenings (know it); practicing preventative medicine by receiving annual physicals, dental exams and eye exams (prevent it); and exercising, participating in Assurance-sponsored wellness challenges and more (do it). Toward the end of the year, employee wellness points are converted into wellness dollars to be deposited into employee HSAs or spent on qualified wellness expenses, such as gym memberships, fitness equipment and more.
  • Shared Success Program: Through our Shared Success program, we literally put our money where our mouth is. Each year, we set individual and collective goals around strategic initiatives, giving employees up to 2.5% of their salary + $500. This year, for example, we’ve doubled down on wellness, which already gives qualified employees $500 to spend on “wellness stuff.” If 85% of employees reach 1,000 points, we’ll throw in an additional $250 to spend on anything.
  • Assurance Caring Together (ACT: Through ACT, our employee-led and employee-driven charitable outreach program, each employee is granted a paid day off to volunteer with charities nominated by employees and selected by our ACT committee. Since 2005, Assurance employees have donated more than 20,000 labor hours, helping local charities build homes, clean our forest preserves, pack food for the hungry and much, much more. In addition, our ACT committee is granted 1% of our annual profits to distribute funds as they see fit to local charities, having donated more than $1 million since its inception.
  • Celebrate Good Times: Between closing our doors for a day to simply appreciate our employees – Employee Appreciation Day (EAD) – and our Employee Holiday Party (EHP), one thing’s for certain: we know how to throw a party. We’ve surprised employees at past EADs and EHPs with live musical performances, rock climbing walls, indoor skating rinks, live rock band karaoke and more.
  • Happy Hour: At the end of each quarter, our employees shut down a bit early, grab a beer and socialize with their co-workers at our onsite Happy Hours.
  • Award Winning In-House Training: With our year-over-year double-digit growth comes great advancement opportunities for our employees, and our Learning & Development team ensures our ‘A’ Team is up to the task. We regularly host in-house designation and continuing education classes exclusively for Assurance employees to encourage growth – for our employees and our company. We incent our employees along the way with bonuses and our Learning & Development team’s even been recognized for Assurance’s exceptional pass rates for designation courses. In addition to these free courses, we offer up to $5,250 per year in tuition reimbursement and bonuses for employees who earn designations.
  • Work/Life Balance: First-year Assurance employees receive 19 days of PTO, one half-day each summer month, a paid day off to volunteer, their birthday off and nine paid holidays. Assurance offers telecommuting options and flexible schedules to accommodate the needs of employees and their lifestyles. New mothers receive up to eight weeks of maternity leave paid at 100% and fathers one week of paternity leave. And, finally, our multiple Chicagoland office locations give our employees additional flexibility to let their personal lives grow with their careers.
  • Perk, perk, perk, perk: The perks at Assurance are so plentiful, they have their own brand. Assurance Perks include numerous discounts on various products, services and events, including hotels, restaurants, clothing, salon services, sporting events, electronics, jewelry and even onsite dry cleaning.
  • Land of the Free: The best things in life really are free. Gourmet Starbuck’s coffee stations are sprinkled throughout our offices and our kitchens are always well-stocked with fresh fruit and other healthy snacks. Each year we also host free onsite biometric screenings, flu shots, nutrition consultations, fitness consultations and more.

COMPENSATION BY THE NUMBERS

$72,465 Average salary and additional cash compensation for Account Manager 50% Match of employee’s 401(k)/403b contribution up to 8% of salary
91% Company-paid health coverage for employees 80% Company-paid health coverage for dependents
$5,250 Average Tuition Reimbursement $5,250 Maximum Tuition Reimbursement
Stephanie Michaels poses with Clark at Employee Holiday Party 2016.

WORK-LIFE BALANCE BY THE NUMBERS

28 days Paid time off after one year of full-time employment 23 days Paid time off after one year of part-time employment
28 Days Paid time off as of first day of full-time employment 23 days Paid time off as of first day of part-time employment

WORK-LIFE BALANCE PROGRAMS

  • Flexible schedule (95% use it)
  • Telecommute option (70% use it)
  • Subsidized On- or Off-site Fitness (70% have access)
  • Onsite Amenities (Fitness center, snacks, coffee, dry cleaning, massages, pilates classes, walking meeting room, standing desks, bike room (Chicago office), rooftop patio (Chicago office))

FAMILY CARE BY THE NUMBERS

90 days Job-protected maternity leave (including FMLA/STD) 90 days Average length of maternity leave new mothers take
5 days Job-protected paternity leave (including FMLA)5 days Fully-paid paternity leave (does not include personal vacation or paid time off)
5 days Average length of paternity leave new fathers take$10,000 Adoption benefit
90 days Job-protected parental leave for adoptive parents (including FMLA)
*Not all employees are eligible for parental leave benefits.

FAMILY CARE PROGRAMS

  • Lactation room(s)
  • Paid sick leave to care for a child or relative

HEALTH INSURANCE COVERS

  • Mental health care
  • Alternative treatments (such as acupuncture, homeopathy, or chiropractic)

Community and Environmental Impact

8 hours Paid time off to volunteer $155,000 Philanthropic donations in last year
Self-Conducted Environmental impact audit Yes Recycling program

Diversity

  • Written policy prohibits discrimination based on (at a minimum) age, disability, race/ethnicity, religious beliefs, gender and sexual orientation

Leadership Diversity

 

Workforce Diversity

 
Tony Alberico makes a great save during water balloon toss at the 2017 Assurance Olympics.

DEMOGRAPHICS

 
Maggie Kowal shoots for big points at the 2017 Assurance Olympics.

How to Get Hired

We asked Assurance for some inside information on how to get hired at the organization. Here is what they had to say.

What key characteristics tell you a prospective employee will be a great fit for your company?

We don’t just have a list of top 10 Best & Brightest Characteristics all employees must possess. Our “top 10” goes to 11! To reach their greatest potential at Assurance, employees must be accountable, ambitious, caring, ethical, flexible, participative, positive, proactive, responsive, smart and understanding. ‘A’ Team members who exhibit these traits, no matter their position in the organization, are well equipped to advance our vision and benefit most from everything Assurance offers. However, we understand that not every Assurance rock star is going to ace every one of these characteristics.  Our own CEO is the first to admit he needs work on some of these. So we’re flexible! The desire to perfect all 11 is an excellent indicator for Assurance success.

What can prospective employees do to get your attention?

Be yourself. While we hire for technical job skills, attitude and culture fit are weighted a bit heavier because we can always teach the former. Simply put, we love candidates who naturally share our passion for minimizing risk and maximizing health and want to participate and contribute to the great workplace culture we’ve created.

Are there any positions or types of candidates you are particularly focused on hiring in this coming year?

The professional opportunities available at Assurance are continually evolving, and we’re consistently seeking passionate candidates to join our team. We just expanded both our Chicagoland offices and are opening offices in new states, so we literally have room to grow. As Assurance continues growing, we’re specifically looking for career-minded, experienced insurance professionals for service and sales roles. We also have a proven track record of developing our own future leaders, routinely filling entry-level positions – for which we’re continually recruiting – with young professionals destined for insurance greatness.

What should interested candidates do to find out more and get started?

To learn more about Assurance, our stellar culture and how we passionately minimize risk and maximize health, check us out at www.assuranceagency.com. For more, ambitious candidates can connect with the AssuranceATeam on Facebook and Twitter or follow Assurance on LinkedIn. If you like what you see, you can view a complete list of current openings at http://www.assuranceagency.com/about-us/careers.

hiring Outlook

43 Forecasted positions to fill in coming year 23% Job Growth
28 Average applicants per opening 1,570 Total job applicants
51% New hires by employee referrals 18% Openings filled by current employees
11% Voluntary turnover for full-time employees
* All figures refer to 12-month period prior to reporting, unless otherwise noted.

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