Safety and Risk Manager, Insurance Salary

Slightly less than three-fifths of Insurance Safety and Risk Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $42K to $124K per year, and the average comes out to $71K per year. The majority of Insurance Safety and Risk Managers claim high levels of job satisfaction. Medical benefits are awarded to almost all, and a large number earn dental coverage. Women make up a slight majority of Insurance Safety and Risk Managers (51 percent) survey respondents.

$47,159 - $115,216
(Median)
$47K
$71K
$120K
MEDIAN: $70,923
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
$47,159 - $115,216  
   
Bonus
$0.00 - $15,284  
Profit Sharing
$4,880  
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).
)
$42,344 - $124,187  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 106
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Job Description for Safety and Risk Manager, Insurance

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

Common Career Paths for Safety and Risk Manager, Insurance


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Insurance Safety and Risk Managers often transition into upper-level roles like Risk Manager, for which the average compensation is $85K per 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 who responded to the survey indicated only a few skills that they use on the job. Most notably, skills in Microsoft Excel, Microsoft Word, Windows Operating System General Use, and Microsoft Office are correlated to pay that is above average. At the other end of the pay range are skills like Microsoft Office, Windows Operating System General Use, and Microsoft Word. It is often found that people who know Microsoft Excel are also skilled 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.


For many Insurance Safety and Risk Managers, more experience generally translates to higher pay. Relatively untried employees who have less than five years' experience make $52K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $69K. Insurance Safety and Risk Managers bring in $80K after working for 10 to 20 years. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $95K, which is substantially larger than the medians reported by folks with fewer years on their resumes.

Related Job Salaries

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Experience Affects Safety and Risk Manager, Insurance Salaries



National Average
$71,000

Mid-Career
up arrow 3%


Skills That Affect Safety and Risk Manager, Insurance Salaries

National Average
$71,000

Microsoft Excel
up arrow 4%


Windows Operating System General Use
up arrow 7%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 21 votes.

Gender

Female
51 %
Male
49 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
20%
10-19 years
28%
20 years or more
30%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 83%
medical benefits
Vision: 63%
dental benefits
None: 6%
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