Safety and Risk Manager, Insurance Salary

Insurance Safety and Risk Managers in the United States are often veterans in their line of work, with nearly three in five bringing more than 10 years of experience to the table. Salaries slide in at $70K annually on average but can range from $45K to $120K per year. Final cash compensation to Insurance Safety and Risk Managers varies from around $45K to approximately $120K; choice pay grades include potential for bonuses and profit sharing as high as $15K and $6K, respectively. Job satisfaction is reported as high by the vast majority of workers. Nearly all report receiving medical coverage from their employers and most collect dental insurance. Women Insurance Safety and Risk Managers who took the survey just slightly outnumber men. This overview is based on answers to PayScale's salary questionnaire.

$47,625 - $108,894

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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
$47,625 - $108,894  
   
Bonus
$0.00 - $15,386  
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).
)
$45,261 - $120,415  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 112
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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.

Safety and Risk Manager, Insurance Job Listings

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Popular Skills for Safety and Risk Manager, Insurance


Professional skills reported by Insurance Safety and Risk Managers are few in number. 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. Most people familiar with 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. 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 $69K. Insurance Safety and Risk Managers see a median salary of $81K after reaching one to two decades on the job. Seasoned veterans with 20 years under their belts enjoy a median income of $94K.

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Experience Affects Safety and Risk Manager, Insurance Salaries

Late-Career
up arrow 30%


National Average
$72,000

Mid-Career
up arrow 4%


Skills That Affect Safety and Risk Manager, Insurance Salaries

National Average
$72,000

Microsoft Excel
up arrow 6%

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 30 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
1%
1-4 years
20%
5-9 years
20%
10-19 years
32%
20 years or more
27%

Common Health Benefits

medical benefits Medical: 94% dental benefits Dental: 82%
vision benefits Vision: 59% employee benefits None: 6%
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