Safety and Risk Manager, Insurance Salary
The majority of Insurance Safety and Risk Managers in the United States — nearly three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $50K to $122K per year, and the median is $76K annually. Women make up a slight majority of Insurance Safety and Risk Managers (52 percent) survey respondents. The majority of Insurance Safety and Risk Managers claim high levels of job satisfaction. Nearly all report receiving medical coverage from their employers and a strong majority collect dental insurance. This report is based on responses to the PayScale salary survey.
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.
Safety and Risk Manager, Insurance Job Listings
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Popular Skills for Safety and Risk Manager, Insurance
Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Microsoft Office, Microsoft Word, Microsoft Excel, and OSHA Compliance are correlated to pay that is above average, with boosts in pay of 7 percent. At the other end of the pay range are skills like Windows Operating System General Use. The majority of those who know Microsoft Excel also know 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. The average worker who claims fewer than five years of experience earns around $57K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $78K. Insurance Safety and Risk Managers bring in $85K after working for 10 to 20 years. Insurance Safety and Risk Managers who have spent more than 20 years on the job report earning a significantly higher median of $95K.