Safety and Risk Manager, Insurance Salary

Close to three-fifths of Insurance Safety and Risk Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $49K to $130K per year, but median earnings come to around $78K per year. Men working as Insurance Safety and Risk Managers who took the survey just slightly outnumber women at 50 percent. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 50 percent. A large number enjoy medical while most get dental coverage. Vision coverage is also available to more than half. Job satisfaction is high and work is enjoyable for most Insurance Safety and Risk Managers.

$49,874 - $115,051
$50K
$78K
$120K
MEDIAN: $78,405
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$49,874 - $115,051  
   
Bonus
$1,014 - $27,617  
Profit Sharing
$2,750  
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).
)
$48,952 - $130,142  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 60
© PayScale, Inc. @ www.payscale.com

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United States (change)

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Job Description for Safety and Risk Manager, Insurance

  • Design, develop, and manage insurance programs relating to property, builder's risk, and general, excess, or contractor's liability.
  • Conduct research and analysis to prepare and report on risk management strategies, direct training sessions, or make presentations.
  • Develop and maintain the department's insurance and risk management procedures and policies.

Common Career Paths for Safety and Risk Manager, Insurance


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Insurance Safety and Risk Managers who transition into an upper level Risk Manager position will not necessarily make much more than they do in their current role. The average Risk Manager makes $86K a year.

Safety and Risk Manager, Insurance Job Listings

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Popular Skills for Safety and Risk Manager, Insurance


Insurance Safety and Risk Managers report using a diverse set of skills on the job. Most notably, skills in Risk Management / Risk Control, Microsoft Word, Microsoft Excel, and OSHA Compliance are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Windows Operating System General Use. Most people skilled in Microsoft Excel are similarly competent in Microsoft Office.

Pay by Experience Level for Safety and Risk Manager, Insurance

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Salaries of relatively inexperienced workers fall in the neighborhood of $56K, but folks who have racked up five to 10 years see a notably higher median of $79K. After working for 10 to 20 years, Insurance Safety and Risk Managers make a median salary of $89K. Deeply experienced professionals who boast more than 20 years of experience haul in an ample $105K on average.

Related Job Salaries

Key Stats for Safety and Risk Manager, Insurance

Gender

Female
50 %
Male
50 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.
Less than 1 year
2%
1-4 years
17%
5-9 years
21%
10-19 years
30%
20 years or more
30%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Safety and Risk Manager, Insurance Salaries

▲32%

▲11%

▼0%

National Average
$80,000

▼29%

Skills That Affect Safety and Risk Manager, Insurance Salaries

Risk Management / Risk Control
▲17%



National Average
$80,000


OSHA Compliance
▼2%

Windows Operating System General Use
▼17%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 13 votes.

Gender

Female
50 %
Male
50 %

Years of Experience

Less than 1 year
2%
1-4 years
17%
5-9 years
21%
10-19 years
30%
20 years or more
30%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 82%
vision benefits
Vision: 67%
dental benefits
None: 9%
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