$55,396
Avg. Salary
$19.54
Avg. Hourly Rate

Average additional compensation:

$2,966

Bonus

$2,500

Profit Sharing

What am I worth?
How should I pay?

The average pay for an Insurance Underwriter, Commercial Property with Customer Service skills is $19.54 per hour.

The average pay for an Insurance Underwriter, Commercial Property with Customer Service skills is $55,396 per year.

10%
$17.72
10%
$19.54
50%
$21.36
90%
90%
MEDIAN $19.54
10%
$40k
10%
$55k
50%
$84k
90%
90%
MEDIAN $55,396
$40,207 - $83,840
$40K
$55K
$84K
MEDIAN: $55,396
10%
50%
90%

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$17.72 - $21.36
$20
MEDIAN: $19.54
50%

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$0$85K
Salary $40,207 - $83,840
Bonus $613 - $8,162
Profit Sharing $2,500
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).
)
$39,697 - $85,791
  • Country: United States
  • Currency: USD
  • Updated: 12 Mar 2019
  • Individuals Reporting: 75
Hourly Data $0$51
Hourly Rate $19.54
Overtime $51.40
Annual Data $0$85K
Bonus $613 - $8,162
Profit Sharing $2,500
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).
)
$39,697 - $85,791
  • Country: United States
  • Currency: USD
  • Updated: 12 Mar 2019
  • Individuals Reporting: 6

Job Description for Insurance Underwriter, Commercial Property

The essential function of a insurance underwriters for commercial properties is to determine risk factors and then write and present policies to agencies, using critical thinking skills to improve client retention. Generally, the underwriter holds a full-time position that requires a bachelor's degree in a relevant field. They need excellent knowledge of relevant laws and statutes pertaining to the insurance offerings. Many companies have a set of standards in place related to underwriting that must be strictly followed. For this reason, insurance underwriters for commercial properties must be detail-oriented and need to document all information and processes.

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Insurance Underwriter, Commercial Property Tasks
  • Analyze new and renewal business, data, claim history, loss experience, and outcome of liability decisions.
  • Underwrite, submit, approve or pend coverage amounts and premiums, and present decisions to management.
  • Monitor existing policies for compliance with company guidelines.
  • Manage underwriting territory and select new business based on analysis of their profitability.

Insurance Underwriter, Commercial Property Job Listings

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
62 %
Male
36 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.
Less than 1 year
10%
1-4 years
42%
5-9 years
12%
10-19 years
27%
20 years or more
9%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 20 votes.

Gender

Female
62 %
Male
36 %

Years of Experience

Less than 1 year
10%
1-4 years
42%
5-9 years
12%
10-19 years
27%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 78%
vision benefits
Vision: 69%
no benefits
None: 10%