$57,890
Avg. Salary
$19.41
Avg. Hourly Rate

Average additional compensation:

$4,091

Bonus

$2,250

Profit Sharing

$2,650

Commission

What am I worth?
How should I pay?

The average pay for an Insurance Underwriter, Commercial Property with Insurance skills is $19.41 per hour.

The average pay for an Insurance Underwriter, Commercial Property with Insurance skills is $57,890 per year.

10%
$14.54
10%
$19.41
50%
$35.18
90%
90%
MEDIAN $19.41
10%
$44k
10%
$58k
50%
$97k
90%
90%
MEDIAN $57,890
$43,974 - $97,041
$44K
$58K
$97K
MEDIAN: $57,890
10%
50%
90%

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$14.54 - $35.18
$15
$19
$35
MEDIAN: $19.41
10%
50%
90%

Add this chart to your site: 640px    300px

$0$99K
Salary $43,974 - $97,041
Bonus $999 - $12,231
Profit Sharing $0.00 - $8,054
Commission $2,650
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).
)
$43,389 - $99,469
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 305
Hourly Data $0$35
Hourly Rate $14.54 - $35.18
Overtime $27.89
Annual Data $0$99K
Bonus $999 - $12,231
Commission $2,650
Profit Sharing $0.00 - $8,054
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).
)
$43,389 - $99,469
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 16

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.

Read More...
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

Pay by Experience Level for Insurance Underwriter, Commercial Property

Pay by Experience for an Insurance Underwriter, Commercial Property has a positive trend. An entry-level Insurance Underwriter, Commercial Property with less than 5 years of experience can expect to earn an average total compensation of $56,000 based on 84 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. An Insurance Underwriter, Commercial Property with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $62,000 based on 42 salaries. An experienced Insurance Underwriter, Commercial Property which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $63,000 based on 55 salaries. An Insurance Underwriter, Commercial Property with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $72,000 based on 23 salaries.

Key Stats for Insurance Underwriter, Commercial Property

Gender

Female
57 %
Male
42 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.
Less than 1 year
4%
1-4 years
38%
5-9 years
13%
10-19 years
29%
20 years or more
15%

Experience Affects Insurance Underwriter, Commercial Property Salaries

Late-Career
▲21%

Experienced
▲4%

Mid-Career
▲4%

National Average
$60,000

Entry-Level
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 62 votes.

Gender

Female
57 %
Male
42 %

Years of Experience

Less than 1 year
4%
1-4 years
38%
5-9 years
13%
10-19 years
29%
20 years or more
15%

Common Health Benefits

medical benefits
Medical: 90%
dental benefits
Dental: 79%
vision benefits
Vision: 70%
no benefits
None: 10%