At Brown & Brown we believe that satisfied employees are our most important resource, so we endeavor to encourage the continued growth and development of our team members. The Company's average annual growth rate of 15% since 1994 and our client retention rate of 97% are strong indicators of the commitment management has to our team members' personal and professional advancement.
One example of our commitment to our employees is our extensive sales, management and team mentoring program, which pairs a younger employee with a more experienced and seasoned professional. By training the less experienced team member, he or she will continue to learn and achieve the skills necessary to become part of the next generation of Company leaders. Brown & Brown also offers a wide variety of continuing education seminars, wellness seminars, tuition reimbursement and employee assistance programs.
Some of the other benefits Brown & Brown offers include an anniversary award program, employee suggestion bonus, financial and retirement planning education, cell phone discounts and no cost identity theft protection.
Over 50% of new business is referred by satisfied clients and Brown & Brown employees, which management believes is a direct reflection of the energy and excitement of our team members. In a vibrant atmosphere of professional and personal empowerment, team members enjoy a productive work environment where creativity and resourcefulness are rewarded by a variety of bonus and incentive programs.
Employees have the opportunity to increase their income through the Write Your Own Raise program, which gives staff members a cash bonus for each new business referral to the Company. Employees also can choose from several medical, dental and optical plans to fit their needs, may participate in 401(k) and matching plan programs, and receive discounts on their personal insurance purchases.
Attitudes of excellence and enthusiasm in the work environment often carry over to personal life, spawning Community Involvement. One recent example of this is when employees raised $43,345 for cancer research at the American Cancer Society's Relay for Life event. This was over twice the previous first-time winners? contributions, and TEAM Brown & Brown received the ACS trophy for most money earned by a first-time participant.
Employees are involved in numerous other community service projects as well, and the Company encourages employees to support a variety of charities and schools in the metropolitan Detroit area by hosting, supporting and contributing to many benefits and fundraising events. The Company also offers an annual matching gift donation to employees who support charitable causes.
Work Environment - Brown & Brown invests in each employee by maintaining state of the art equipment and software, ensuring that workers have the finest tools available to provide the best and most efficient products and services to clients.
Brown & Brown, Inc., is ranked as the seventh largest insurance firm in the United States, is the ninth largest in the World, and is the third largest in Michigan. Brown & Brown of Detroit has been named a Future 50 of Detroit Company in 2004, and also was recognized as one of Metropolitan Detroit?s 101 Best and Brightest Companies to Work For from 2002 through 2006. In 2002, the Company also won the Elite Motivation and Enthusiasm Award.
