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Workers Compensation Claims Adjuster Jobs – A claims adjuster examines insurance claims to determine the extent of insuring a company’s liability. Claims adjusters can handle property claims involving damage to structures and/or liability claims involving personal injury or damage to third party property.
A claims adjuster reviews each case by speaking with the claimant, interviewing any witnesses, examining records (such as police or medical records) and inspecting any property involved.
Workers Compensation Claims Adjuster Jobs
Claims adjusters verify policyholders’ requests for funds from an insurance policy. They determine a reasonable amount for settlement. It can be about all types of claims, from personal injury to property damage. In property damage claims, the main role of the insurance adjuster is to perform a detailed investigation of the number of claims by:
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For example, if a homeowner makes an insurance claim due to a tree falling on the house, a claims adjuster would interview the claimant (homeowner), along with any witnesses, and inspect the property to determine the extent of the damage and the cost to repair the property. The claims adjuster then submits documentation to the insurance company describing the incident and recommendations for the amount of damage (how much money the insured will receive from the insurance company to repair the property).
Once the investigation is complete, the adjuster will be able to determine the size of the insurance company’s potential liability to its insured. Adjusters often try to convince property owners to accept less money than their claim is worth.
Becoming a claims adjuster is not usually a career path that people think of, but is an industry in demand by careers. Typically, insurance claims adjusters need at least a high school diploma, although an associate’s or bachelor’s degree may be preferred. From there, individuals will need to study and pass a licensing exam.
Some states require a certain number of hours of training that must be completed in advance. From there, insurance adjusters must complete continuing education credits to maintain their license. In California, licensed independent insurance adjusters must complete a minimum of 24 hours of continuing education every two-year license period.
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For example, in Florida, insurance claims adjusters must take and pass the Florida Adjuster Examination from an approved provider. The state also requires adjusters to complete 24 hours of continuing education every two years.
Claims adjusters have very stable careers: there is always a demand for this role, and even in a recession there will always be a need for adjusters to come and estimate the damages caused by natural disasters to individuals, businesses and corporations. Plus, it’s pretty easy to become a claims adjuster, if you’re willing to put in the work and pass the licensing exam.
In addition, claims adjusters have a great deal of freedom in their work. It’s definitely a mobile job, but claims adjusters work on everything from estimating hurricane damage to doing paperwork, consulting, inspection and more. It really is a job that you can build to focus on what you love and hire out for the parts you don’t. Especially if you are an independent claims adjuster, you can choose how you charge for the work and how you get paid.
Claims adjusters work for the insurance company. They either work directly for the insurance company, or they may be a freelance adjuster hired by the insurance company to handle specific claims. In either case, they will not have your best interests in mind, as their employer is the insurance company. It is a good idea to consider hiring your own independent claims adjuster, who works to protect your interests in a claim. Your own adjuster will do everything possible to minimize your loss. This lack of conflict of interest between the adjuster and the insurer is to the plaintiff’s advantage.
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If you are involved in an accident, the best thing you can do is provide detailed descriptions of all items lost and be sure to create a home inventory, especially through photographs and videos. Get your own estimates for repairs and be sure to do your due diligence.
According to Indeed.com, the average salary for a claims adjuster in the United States is $61,465 per year. However, a claims adjuster’s salary will depend on how many claims they work on at the same time. Some estimate that adjusters can earn thousands of dollars a week.
Being an insurance adjuster is a relatively flexible job, but the process of negotiating and communicating with often distressed parties can add stress to the job.
It depends on the state; Each state will issue different guidelines for insurance adjusters to respond to a claim.
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The adjuster acts as a link between the employee and the insurance company. He or she investigates the claim and collects information about the employee, how the person was injured, what type of injury it was and whether the accident really prevents the person from working.
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The adjuster talks to anyone who would know about the incident under investigation, such as co-workers, managers, physicians, and anyone else who may have witnessed the incident.
Other duties performed by the adjuster include entering information about the case into the company’s computers, consulting with department supervisors about cases, staying current with workers’ compensation laws, and approving or denying payment to the employee.
Entry level adjusters are the ones who usually do the legwork, investigating claims and evaluating them, but the senior adjusters are the ones who make the final decision on a claim. In most places, a person needs at least five years of claims adjustment experience to become a senior adjuster. Senior adjusters have the power to settle larger claims, up to about $75,000.
Claims adjusters travel a lot in their work. Many work from home. They also spend a lot of time working at a computer and meeting with clients. Claims adjusters must have good skills in communication, organization, problem solving and time management.
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Educational requirements can vary, from certificates, post-secondary degrees to college degrees. In some states, adjusters must have a license to practice their job, which can be earned by passing an exam given by the state.
The median annual salary for this position is approximately $63,000 per year. From 2014 to 2024, the number of claims adjustment jobs is expected to increase by 3 percent, according to the U.S. Bureau of Labor Statistics, slower than the national average for all types of jobs. As of 2020, the salary range for workers’ compensation administrators is about $42,000 to $88,000, according to PayScale.com.
Insurance Relief is one of the premier insurance placement companies and has won numerous awards for best staff. We take the time to get to know each of our job candidates so we can find the best position for them. We are with you every step of the way. Call Insurance Relief today. Average wage for compensation claims adjusts $57,583 To create our wage estimates, we start with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) ) Show more
The average salary for workers’ compensation adjusters in the United States is $57,583. Salaries for workers’ compensation adjusters typically range between $40,000 and $82,000 per year. The average hourly rate for workers’ compensation adjusters is $27.68 per hour. Workers’ compensation claims adjust salary is affected by location, education and experience. Workers’ compensation claims adjusters earn the highest average salary in Rhode Island, Connecticut, New Jersey, North Carolina, and California.
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The average salary in Rhode Island, Connecticut and New Jersey is the highest in the United States. The lowest average salary states for workers’ compensation adjusters are Utah, Tennessee, and Alabama.
A workers’ compensation adjuster with 0-2 years of experience earns an average starting salary of $35,270. A mid-career accountant with 3-6 years of experience earns $57,583 per year on average. A senior accountant with 7-12 years of experience
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