Safety and Risk Manager, Insurance Salary

Three in five 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 $46K to $120K per year, and the average comes out to $69K annually. Total cash compensation for Insurance Safety and Risk Managers runs from $46K to $120K depending on bonuses that can occasionally exceed $15K and profit sharing that can reach almost $6K. Most Insurance Safety and Risk Managers like their work and job satisfaction is high. Women make up a slight majority of Insurance Safety and Risk Managers (56 percent) survey respondents. Nearly all report receiving medical coverage from their employers and most collect dental insurance.

$47,818 - $108,105
(Median)
$48K
$69K
$110K
MEDIAN: $69,349
10%
50%
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$50K$100K$150K
Salary
$47,818 - $108,105  
   
Bonus
$0.00 - $15,351  
Profit Sharing
$151.01 - $6,240  
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).
)
$45,744 - $119,633  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 115
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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.

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Popular Skills for Safety and Risk Manager, Insurance


Survey takers who work as Insurance Safety and Risk Managers usually report a few specific skills. Most notably, skills in Microsoft Excel, Microsoft Word, Windows Operating System General Use, and Microsoft Office are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Office, Windows Operating System General Use, and Microsoft Word. For most people, competency in Microsoft Excel indicates knowledge of 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. Salaries of relatively inexperienced workers fall in the neighborhood of $53K, but folks who have racked up five to 10 years see a notably higher median of $68K. For Insurance Safety and Risk Managers, 10 to 20 years of experience on the job amounts to an average salary of $80K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $94K.

Related Job Salaries

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Experience Affects Safety and Risk Manager, Insurance Salaries

Late-Career
up arrow 31%


National Average
$72,000

Mid-Career
up arrow 5%


Skills That Affect Safety and Risk Manager, Insurance Salaries

National Average
$72,000

Microsoft Excel
up arrow 5%

Microsoft Word
up arrow 6%

Windows Operating System General Use
up arrow 8%

Microsoft Office
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 31 votes.

Gender

Female
56 %
Male
44 %

Years of Experience

Less than 1 year
1%
1-4 years
20%
5-9 years
20%
10-19 years
34%
20 years or more
26%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 81%
vision benefits Vision: 59% employee benefits None: 6%
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