Insurance Underwriter, Commercial Property Salary (United States)

An Insurance Underwriter, Commercial Property earns an average salary of $50,754 per year.
Insurance Underwriter, Commercial Property Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$36,530 - $81,505
(Median)
37K
51K
65K
82K
MEDIAN: $50,753
10%
50%
75%
90%
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Insurance Underwriter, Commercial Property Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$11.79 - $26.06
(Median)
12
15
18
23
26
MEDIAN: $18.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$29K$58K$87K
Salary
$36,530 - $81,505  
   
Bonus
$150.00 - $10,262  
Profit Sharing
$500 - $7,585  
Commission
$2,750 - $26,500  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$35,400 - $85,487  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 406
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$11.79 - $26.06  
   
Overtime
$23.64 - $37.51  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$150.00 - $10,262  
   
Commission
$2,750 - $26,500  
Profit Sharing
$500 - $7,585  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$35,400 - $85,487  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 39
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Job Description for Insurance Underwriter, Commercial Property

The essential function of a insurance underwriters for commercial properties is to determine risk factors and then write and present policies to agencies, using critical thinking skills to improve client retention. Generally, the underwriter holds a full-time position that requires a bachelor's degree in a relevant field. They need excellent knowledge of relevant laws and statutes pertaining to the insurance offerings. Many companies have a set of standards in place related to underwriting that must be strictly followed. For this reason, insurance underwriters for commercial properties must be detail-oriented and need to document all information and processes.
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Insurance Underwriter, Commercial Property Tasks
  • Manage underwriting territory and select new business based on analysis of their profitability.
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend loans, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.

Insurance Underwriter, Commercial Property Job Listings

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Pay by Experience Level for Insurance Underwriter, Commercial Property

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference By Location

Chicago
up arrow 51%
San Francisco
up arrow 38%
Philadelphia
up arrow 26%
New York
up arrow 25%
Atlanta
up arrow 16%
Los Angeles
up arrow 15%
Dallas
up arrow 8%
Charlotte
up arrow 7%
National Average
$52,000
Larger circles over a city indicate a job is popular in that location.

Related Job Salaries

Experience Affects Insurance Underwriter, Commercial Property Salaries

Late-Career
up arrow 36%
Mid-Career
up arrow 13%
Experienced
up arrow 13%
National Average
$52,000
Entry-Level
up arrow 11%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 98 votes.

Gender

Female
53%
female alumni
 
Male
47%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
33%
5-9 years
27%
10-19 years
22%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 81%
vision benefits Vision: 60% employee benefits None: 7%
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