Intellectual Property Insurance Broker

Aon Corporation • Chicago, IL

11d • Hybrid

About The Position

Aon is seeking an Intellectual Property Insurance Broker to join its growing, full-service IP Risk Solutions team. The role focuses on brokering strategic approaches to intellectual property insurance and supporting clients in managing IP risks. The IP team educates current and prospective clients about their intellectual property risks and how the insurance marketplace can help manage them. The team is experienced but small, with a fast-paced, startup-like environment that encourages personal autonomy and self-motivation, offering opportunities for career advancement.

This is a hybrid position with the flexibility to work virtually and from Aon's Chicago, Illinois office. The position offers an annual salary range of $70,000 to $95,000 for U.S. applicants, with actual compensation varying based on qualifications, internal equity, market data, and geographic location. It is eligible for participation in an annual incentive plan for a discretionary bonus.

Requirements

• At least 1 year of experience in insurance brokerage, underwriting, or account management; experience in IP, cyber, E&O, D&O, or other financial/professional lines is preferred.
• Intermediate client and insurer relationship management skills.
• Intermediate insurance program placement and broking execution skills.
• Intermediate negotiation skills.
• Intermediate proficiency with Microsoft Word, Excel, and PowerPoint.
• An active Property & Casualty license or the ability to obtain one within 120 days; Aon pays for licensing.
• Bachelor's degree or equivalent experience.

Nice To Haves

• Beginner-level business development experience.
• Beginner-level account management experience.
• Beginner-level customer relationship management (CRM) experience.
• Experienced documentation skills.
• Intermediate retail brokerage experience.

Responsibilities

• Demonstrate detailed knowledge of the intellectual property insurance marketplace and the team's products and services.
• Place a layered insurance program of $50 million or more from start to finish.
• Own all aspects of client service for an assigned book of business and new business opportunities, coordinating with team members through the deal flow process and prioritizing workflow with team and administrative staff.
• Use effective negotiation skills to improve broking results for clients.
• Use data, personal experience, others' perspectives, and a clear methodology to improve client programs and develop opportunities with prospective client programs.
• Cross-sell IP Risk products and services in coordination with Aon colleagues.
• Use the claims and legal advocacy group for claim administration and counsel to assist with claim resolution.
• Build effective underwriter relationships to improve broking results.
• Proactively develop and complete a pipeline strategy for new business.
• Mentor more junior team members.
• Drive use of available technology throughout the broking and client service processes.
• Understand the causes of errors and omissions (E&O) and adopt practices to reduce exposure.

Benefits

• 401(k) savings plan with employer contributions
• Employee stock purchase plan
• Consideration for long-term incentive awards at Aon's discretion
• Medical insurance
• Dental insurance
• Vision insurance
• Leaves of absence
• Paid time off, including 12 paid holidays and 15 days of paid vacation per year
• Paid sick leave as provided under applicable state and local laws
• Short-term disability and optional long-term disability
• Health savings account
• Health care and dependent care reimbursement accounts
• Employee and dependent life insurance and supplemental life and AD&D insurance
• Optional personal insurance policies
• Adoption assistance
• Tuition assistance
• Commuter benefits
• Employee assistance program with free counseling sessions
• Annual discretionary bonus through an annual incentive plan

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level