Intellectual Property Insurance Broker

Intellectual Property Insurance Broker

Are you seeking an opportunity to be a part of our growing, full-service IP Risk Solutions team by brokering strategic approaches to Intellectual Property policy statements? Join our IP Broking team now!

This is a hybrid role with the flexibility to work both virtually and from our Chicago, IL office.

Aon is in the business of better decisions

At Aon, we shape decisions for the better to protect and enrich the lives of people around the world. As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.

What the day will look like

• Demonstrate detailed knowledge of Intellectual Property insurance marketplace and our team’s products and services

• Demonstrate ability to place a layered program ($50M+) from start to finish

• Own all aspects of client service for your assigned book of business and new business opportunities in coordination with other team members and by using the deal flow process; optimally connect with other team members and administrative staff to ensure accurate prioritization of workflow

• Apply effective negotiation skills to improve broking results for clients

• Use data, own experience, others’ perspectives, and a clear methodology improve client programs and build opportunities with prospective client programs

• Work in an Aon United fashion to cross-sell IP Risk products and services

• Successfully apply the claims and legal advocacy group for claim administration and counsel to assist with claim resolution

• Apply effective underwriter relationships to improve broking results

• Proactively develop and complete a pipeline strategy for new business

• Act as a mentor to more junior team members

• Drive utilization of all available technology throughout broking process and client service process

• Understand the causes of E&O and avoid and adopt practices to reduce exposure

How this opportunity is different

This is a unique opportunity to be a part of a growing, fast-paced insurance space. An estimated 80% of the value of the S&P 500 is derived from company’s intellectual property, yet most companies are not yet insuring against their intellectual property risks. Aon’s IP team is educating companies (both current clients and prospective clients) about their IP risks and how the surrounding insurance marketplace can help them to manage their risks.

The Aon IP team is experienced, yet still small, so operates with a “start-up” environment and feel. Personal autonomy is highly encouraged and self-motivated individuals will find an opportunity to quickly advance their career.

Skills and experience that will lead to success

Required Experience:

• Insurance Brokerage, Underwriting, or Account Management - Beginner (1+ year required; IP, Cyber, E&O, D&O, or other Financial/Professional Lines preferred)

• Client and Insurer Relationship Management - Intermediate

• Insurance Program Placement and Broking Execution - Intermediate

• Negotiation - Intermediate

• Microsoft Office Suite (Word, Excel, and PowerPoint) - Intermediate

• Property & Casualty License - Active license or ability to obtain within 120 days; Aon pays for licensing

Optional:

• Business Development - Beginner

• Account Management - Beginner

• Customer Relationship Management (CRM) - Beginner

• Documentations - Experienced

• Retail Brokerage - Intermediate

Education:

• Bachelor’s degree or equivalent experience

For positions in San Francisco and Los Angeles, we will consider for employment qualified applicants with arrest and conviction record in accordance with local Fair Chance ordinances.

Aon is not accepting unsolicited resumes from search firms for this position. If you are a search firm, you will not be compensated in any way for your submission of a candidate, even if Aon hires that candidate. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities to this job at any time.

Pay Transparency Laws:

The salary range for this position (intended for U.S. applicants) is $70,000 to $95,000 annually. The actual salary will vary based on applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data. The salary may also be adjusted based on applicant’s geographic location. The salary range reflected is based on a primary work location of Illinois. The actual salary may vary for applicants in a different geographic location.

This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary. The amount of any bonus varies and is subject to the terms and conditions of the applicable incentive plan.

A summary of all the benefits offered for this position:

Aon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including, but not limited to: a 401(k) savings plan with employer contributions; an employee stock purchase plan; consideration for long-term incentive awards at Aon’s discretion; medical, dental and vision insurance, various types of leaves of absence, paid time off, including 12 paid holidays throughout the calendar year, 15 days of paid vacation per year, paid sick leave as provided under state and local paid sick leave 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, and an employee assistance program that includes free counseling sessions. Eligibility for benefits is governed by the applicable plan documents and policies.

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