Insurance Underwriter, Commercial Property Salary (United States)

The average salary for an Insurance Underwriter, Commercial Property is $50,639 per year. A skill in Financial Analysis is associated with high pay for this job.
Insurance Underwriter, Commercial Property Total Pay (?
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.
)
$36,091 - $82,426
(Median)
36K
51K
65K
82K
MEDIAN: $50,638
10%
50%
75%
90%
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Insurance Underwriter, Commercial Property Total Pay (?
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.
)
$11.88 - $27.40
(Median)
12
15
18
23
27
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
$36,091 - $82,426  
   
Bonus
$250.00 - $10,286  
Profit Sharing
$507 - $7,517  
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).
)
$34,904 - $86,659  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 469
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
$11.88 - $27.40  
   
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
$250.00 - $10,286  
   
Commission
$2,750 - $26,500  
Profit Sharing
$507 - $7,517  
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).
)
$34,904 - $86,659  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 469
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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.
Read More...
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.
Read more about: Insurance Underwriters

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 45%
Dallas
up arrow 25%
New York
up arrow 23%
Philadelphia
up arrow 19%
Los Angeles
up arrow 17%
Atlanta
up arrow 17%
Charlotte
up arrow 8%
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 37%
Experienced
up arrow 14%
Mid-Career
up arrow 11%
National Average
$52,000
Entry-Level
up arrow 10%

Skills That Affect Insurance Underwriter, Commercial Property Salaries

Financial Analysis
up arrow 35%
National Average
$52,000
Insurance
up arrow 6%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 106 votes.

Gender

Female
54%
female alumni
 
Male
46%
male alumni

Years of Experience

Less than 1 year
6%
1-4 years
33%
5-9 years
26%
10-19 years
23%
20 years or more
12%

Common Health Benefits

medical benefits Medical: 91% dental benefits Dental: 79%
vision benefits Vision: 59% employee benefits None: 7%
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