Safety and Risk Manager, Insurance Salary

Around half of Insurance Safety and Risk Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $48K to $108K per year, but median earnings come to around $74K annually. Most receive medical and dental insurance and the greater part get vision plans. Women Insurance Safety and Risk Managers who took the survey just slightly outnumber men. Job satisfaction is reported as high by the vast majority of workers. This report is based on responses to the PayScale salary survey.

$50,721 - $99,344
$51K
$72K
$99K
MEDIAN: $71,733
10%
50%
90%

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$0$107K
Salary $50,721 - $99,344
Bonus $1,441 - $14,549
Profit Sharing $3,944
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).
)
$50,385 - $107,045
  • Country: United States
  • Currency: USD
  • Updated: 20 Oct 2017
  • Individuals Reporting: 64

Job Description for Safety and Risk Manager, Insurance

  • Design, develop, and manage insurance programs relating to property, builder's risk, and general, excess, or contractor's liability.
  • Conduct research and analysis to prepare and report on risk management strategies, direct training sessions, or make presentations.
  • Develop and maintain the department's insurance and risk management procedures and policies.

Common Career Paths for Safety and Risk Manager, Insurance


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Insurance Safety and Risk Managers often transition into upper-level roles like Risk Manager, for which the average compensation is $86K per year.

Safety and Risk Manager, Insurance Job Listings

Popular Skills for Safety and Risk Manager, Insurance


Insurance Safety and Risk Managers report using a pretty varied skill set on the job. Most notably, facility with Risk Management / Risk Control, Microsoft Word, and Microsoft Excel are correlated to pay that is significantly above average, leading to increases of 24 percent, 10 percent, and 9 percent, respectively. Skills that pay less than market rate include Windows Operating System General Use. Most people who know Microsoft Excel also know Microsoft Office.

Pay by Experience Level for Safety and Risk Manager, Insurance

Pay by Experience for a Safety and Risk Manager, Insurance has a positive trend. An entry-level Safety and Risk Manager, Insurance with less than 5 years of experience can expect to earn an average total compensation of $56,000 based on 14 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Safety and Risk Manager, Insurance with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $79,000 based on 18 salaries. An experienced Safety and Risk Manager, Insurance which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $89,000 based on 29 salaries. A Safety and Risk Manager, Insurance with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $105,000 based on 19 salaries.

Related Job Salaries

Key Stats for Safety and Risk Manager, Insurance

Gender

Female
59 %
Male
41 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.
Less than 1 year
2%
1-4 years
20%
5-9 years
24%
10-19 years
29%
20 years or more
26%

Experience Affects Safety and Risk Manager, Insurance Salaries

▲46%

▲24%

▲11%

National Average
$72,000

▼21%

Skills That Affect Safety and Risk Manager, Insurance Salaries

Risk Management / Risk Control
▲30%




OSHA Compliance
▲9%

National Average
$72,000

Windows Operating System General Use
▼8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
59 %
Male
41 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
24%
10-19 years
29%
20 years or more
26%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 84%
vision benefits
Vision: 65%
no benefits
None: 9%