Direct Sales Representative at Honeycomb Insurance

Chicago, Illinois, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

InsurTech, Insurance, Real EstateIndustries

Requirements

A proven track record of success
An active P&C license
2+ years P&C insurance sales experience
Commercial real estate insurance experience is preferred
Ability to thrive in a startup environment - effectively adapting to changes, collaborative problem solving, excellent follow-through and collaboration, positive can-do attitude
Demonstrated intellectual curiosity - eager to learn constantly, bring your authentic self to work and ready to embrace diverse ways of thinking and working
Adapt to new and ever-changing technology as we build our processes and workflows, while bringing above-average computer skills
Hybrid role with travel to downtown Chicago office 5-10 days per month

Responsibilities

Field inbound requests from prospects who visited Honeycomb’s website or were driven to us by a channel partner
Qualify prospects to ensure Honeycomb is able to offer the best insurance solutions on the market relative to their goals
Responsible for all aspects of servicing including change requests and issuing certificates of insurance
Consult insureds on available coverage options and how to most effectively insure their properties
Bind admitted package policies! Excess & Surplus lines product line to launch in 2024
Nurture existing clients and manufacture larger opportunities from their portfolios and networks
Serve as a critical early member in the development of the direct sales team
Partner with product development team as a critical part of the feedback loop that ensures ongoing product-market fit
Triage tactical requests with Customer Success team and risk assessments with Underwriting team
Field insured questions across New Business and Renewals that require a licensed Producer

Skills

Key technologies and capabilities for this role

Inbound SalesProspect QualificationInsurance ServicingCertificates of InsurancePolicy BindingCommercial Property InsuranceClient NurturingExcess & Surplus Lines

Questions & Answers

Common questions about this position

What is the base salary for the Direct Sales Representative role?

The base salary ranges from $60,000 to $75,000.

Is this a remote role, or are there office requirements?

This is a hybrid role requiring travel to the downtown Chicago office 5-10 days per month.

What are the key requirements for this position?

Candidates need an active P&C license, 2+ years of P&C insurance sales experience, a proven track record of success, and the ability to thrive in a startup environment.

What benefits does Honeycomb Insurance offer?

Benefits include health benefits, employee stock options grant, 401K, and flexible paid time off.

What makes a strong candidate for this role?

Strong candidates have commercial real estate insurance experience (preferred), demonstrated intellectual curiosity, adaptability to new technology, and above-average computer skills, along with the basic requirements.

Honeycomb Insurance

Real estate insurance for property owners

About Honeycomb Insurance

Honeycomb Insurance simplifies real estate insurance for condo associations, homeowners associations (HOAs), building owners, property managers, and developers. The company provides instant quotes and cost savings of up to 40% by using advanced technology and expert advice. Unlike competitors, Honeycomb focuses on a people-centered, tech-driven approach that streamlines the insurance process. Its goal is to make real estate insurance more efficient and accessible for a diverse range of clients.

Chicago, IllinoisHeadquarters

2019Year Founded

$53.2MTotal Funding

SERIES_BCompany Stage

AI & Machine Learning, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Stock Options

401(k) Retirement Plan

Unlimited Paid Time Off

Paid Holidays

Risks

Increased competition from other AI-driven insurtech firms could erode market share.

Regulatory challenges may arise as Honeycomb expands into new states.

Cybersecurity threats could compromise Honeycomb's technology and client data.

Differentiation

Honeycomb offers instant online condo building master policies, a unique market proposition.

The company uses AI to bypass traditional property inspections, enhancing efficiency.

Honeycomb's tech-driven model provides up to 40% cost savings for clients.

Upsides

Recent $36M Series B funding supports expansion and AI innovation.

Operating in 16 states, Honeycomb plans to triple insured assets next year.

AI-driven underwriting reduces costs and improves risk assessment accuracy.

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