Claims representative salary: Claim Representative Salary | Salary.com

Опубликовано: May 2, 2023 в 8:29 am

Автор:

Категории: Miscellaneous

Claims Representative Salary (February 2023)

Updated December 12, 2022

$38,796yearly

To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More

$18.65 hourly


Entry level Salary

$28,000

yearly

$28,000

10%

$38,796

Median

$53,000

90%

How much does a Claims Representative make?

Claims representatives make $38,796 per year on average, or $18.65 per hour, in the United States. Claims representatives on the lower end of that spectrum, the bottom 10% to be exact, make roughly $28,000 a year, while the top 10% makes $53,000.

Location impacts how much a claims representative can expect to make. Claims representatives make the most in New Jersey, Alaska, Michigan, New York, and Connecticut.

Highest Paying State

New Jersey

Highest Paying City

Dearborn, MI

Highest Paying Company

W. R. Berkley

What Am I Worth?

Highest Paying State

New Jersey

Highest Paying City

Dearborn, MI

Highest Paying Company

W. R. Berkley

What Am I Worth?

Highest Paying States For Claims Representatives

If both location and money are important to you, then you might want to check out moving to New Jersey, Alaska and Michigan, as these three states offer the highest salaries throughout the U.S. for claims representatives. Quite opposite of that list is the lowest paying states, which are Mississippi, West Virginia, and Nevada.

  • State View
  • County View

Average Salary:

Claims Representative average salary by State

Rank State Avg. Salary Hourly Rate Job Count
1 New Jersey $53,959 $25. 94 229
2 Connecticut $49,074 $23.59 82
3 Pennsylvania $46,447 $22.33 268
4 New York $49,827 $23.96 266
5 Oregon $45,405 $21.83 93
6 Vermont $48,293 $23.22 14
7 Michigan $50,847 $24.45 118
8 Idaho $41,984 $20.18 39
9 Rhode Island $42,790 $20.57 28
10 Maine $41,132 $19.77 36
11 Alaska $53,889 $25.91 11
12 Kansas $40,646 $19.54 69
13 District of Columbia $49,896 $23.99 30
14 Montana $38,735 $18. 62 42
15 South Dakota $37,660 $18.11 31
16 Texas $37,846 $18.20 589
17 Massachusetts $45,965 $22.10 149
18 California $43,348 $20.84 685
19 Washington $45,496 $21.87 84
20 New Hampshire $42,504 $20.43 28
21 Maryland $46,476 $22.34 94
22 New Mexico $39,478 $18.98 40
23 Ohio $38,655 $18.58 175
24 Georgia $37,764 $18.16 258
25 Delaware $38,060 $18.30 33
26 Arkansas $38,357 $18.44 43
27 Alabama $37,717 $18. 13 73
28 Iowa $35,705 $17.17 96
29 Colorado $38,326 $18.43 133
30 North Carolina $37,606 $18.08 181
31 Hawaii $43,368 $20.85 13
32 Illinois $38,224 $18.38 219
33 Utah $37,104 $17.84 54
34 Arizona $35,131 $16.89 286
35 Oklahoma $36,131 $17.37 59
36 Minnesota $36,326 $17.46 151
37 Missouri $37,031 $17.80 100
38 Wyoming $34,929 $16.79 14
39 Nebraska $34,704 $16.68 55
40 Wisconsin $35,171 $16. 91 113
41 Florida $34,068 $16.38 518
42 Virginia $36,970 $17.77 158
43 Nevada $32,430 $15.59 72
44 North Dakota $31,447 $15.12 32
45 South Carolina $33,895 $16.30 104
46 Kentucky $35,323 $16.98 53
47 Mississippi $33,183 $15.95 40
48 Tennessee $31,851 $15.31 116
49 West Virginia $32,549 $15.65 22
50 Louisiana $30,039 $14.44 71
51 Indiana $33,244 $15.98 84

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Top Claims Representative Jobs Near You

Highest Paying Cities For Claims Representatives

Rank City Avg. Salary Hourly Rate
1 Dearborn, MI $50,921 $24.48
2 New York, NY $49,997 $24. 04
3 Washington, DC $49,857 $23.97
4 Hartford, CT $48,884 $23.50
5 Philadelphia, PA $46,924 $22.56
6 Boston, MA $45,837 $22.04
7 Lake Oswego, OR $45,452 $21.85
8 Concord, CA $43,719 $21.02
9 Urban Honolulu, HI $43,409 $20.87
10 Concord, NH $42,146 $20.26
11 Overland Park, KS $40,655 $19.55
12 Cleveland, OH $39,866 $19.17
13 San Antonio, TX $38,429 $18.48
14 Chicago, IL $38,387 $18.46
15 Centennial, CO $38,343 $18.43

Here Are The Five Most In Demand Cities Right Now:

  1. Dearborn, MI
  2. New York, NY
  3. Washington, DC
  4. Hartford, CT
  5. Philadelphia, PA

Claims Representative Salary by Years of Experience

The salary for a claims representative can vary depending on the years of experience that a person has, from entry level to senior level. An accountant with 0-2 years of experience earns an average salary of $23,763, a mid-career professional with 3-6 years of experience makes $38,796 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of $61,777. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Entry LevelAvg.salary$24k

Senior LevelAvg.salary$62k

Claims Representative Salary By Experience Level

Experience Level Avg. Salary Hourly Rate
Entry Level $23,800 $11.42
Mid Level $35,900 $17.28
Senior Level $61,800 $29.70

Claims Representatives Salary Details

Average Claims Representative Salary Graph, Trends, and Summary

What is a Claims Representative’s Salary?

Percentile Annual Salary Monthly Salary Hourly Rate
90th Percentile $53,000 $4,417 $25
75th Percentile $45,000 $3,750 $22
Average $38,796 $3,233 $19
25th Percentile $32,000 $2,667 $15
10th Percentile $28,000 $2,333 $13

Highest Paying Types of Claims Representatives

Job Title Annual Salary Monthly Salary Hourly Rate Job Openings
Property Adjuster $54,661 $4,555 $26. 28 12,286
Adjuster $49,396 $4,116 $23.75 7,936
Appraiser $42,223 $3,519 $20.30 1,186
Property Claims Adjuster $54,520 $4,543 $26.21 16,957
Auto Claims Adjuster $52,621 $4,385 $25.30 16,187
Claims Administrator $36,432 $3,036 $17.52 59,006

Here are the five companies hiring the most now:

  1. AIG Jobs (224)
  2. Progressive Jobs (828)
  3. Nationwide Jobs (631)
  4. The Hartford Jobs (425)
  5. USAA Jobs (189)

Which Companies Pay Claims Representatives The Most?

According to our most recent salary estimates, W. R. Berkley and AIG are the highest paying companies for claims representatives.

Claims Representative Pay Trends

Average Claims Representative Salary Over Time

Compare salaries for individual cities or states with the national average.

Recently Added Claims Representative Salaries

Claims Representative Salaries FAQs

What State Pays Claims Representatives The Most?

New Jersey pays Claims Representatives the most in the United States, with an average salary of $53,959 per year, or $25.94 per hour.

How Do I Know If I’m Being Paid Fairly As A Claims Representative?

You know if you are being paid fairly as a Claims Representative if your pay is close to the average pay for the state you live in. For example, if you live in Alaska you should be paid close to $53,889 per year.

How Much Does A Claims Representative Make At Unitedhealth?

A claims representative at UnitedHealth makes, on average, $31,931 per year. This is 29% below the national average. The range in how much a claims representative can make starts from as little as $23,598 to as much as $49,378 per year.

Have more questions? See all answers to common business and financial questions.

Search For Claims Representative Jobs

Updated December 12, 2022

Property Mid-Loss Claim Representative at The Travelers Companies, Inc. / Insurance Journal Jobs

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Compensation Overview

The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.

Salary Range

$75,900.00 – $125,300.00

Target Openings

1

What Is the Opportunity?

Under general supervision, this position is responsible for handling first party property claims including: investigating, evaluating, estimating and negotiating to ensure optimal claim resolution for personal or business claims of high severity and complexity. Provides quality claim handling throughout the claim life cycle (customer contacts, coverage, investigation, evaluation, reserving, negotiation and resolution) including maintaining full compliance with internal and external quality standards and state specific regulations. Provides consulting and training resources, and serves as a contact and technical resource to the field and our business partners.

This position is based 100% remotely and may include a combination of mobile work and/or work from your primary residence.

What Will You Do?

  • Handles 1st party property claims of high severity and complexity as assigned.
  • Completes field inspection of losses including accurate scope of damages, photographs, written estimates and/or computer assisted estimates.
  • Broad scale use of innovative technologies.
  • Investigates and evaluates all relevant facts to determine coverage damages and liability of first-party property damage claims (including but not limited to analyzing leases, contracts, by-laws and other relevant documents which may have an impact), damages, business interruption calculations and liability of first-party property claims under a variety of policies. Secures recorded or written statements as appropriate.
  • Establishes timely and accurate claim and expense reserves.
  • Determines appropriate settlement amount based on independent judgment, computer assisted building and/or contents estimate, estimation of actual cash value and replacement value, contractor estimate validation, appraisals, application of applicable limits and deductibles and work product of Independent Adjusters.
  • Negotiates with multiple constituents, i.e.; contractors or insured’s representatives and conveys claim settlements within authority limits.
  • Writes denial letters, Reservation of Rights and other complex correspondence.
  • Properly assesses extent of damages and manages damages through proper usage of cost evaluation tools.
  • Meets all quality standards and expectations in accordance with the Knowledge Guides.
  • Maintains diary system, capturing all required data and documents claim file activities in accordance with established procedures.
  • Manages file inventory to ensure timely resolution of cases.
  • Handles files in compliance with state regulations, where applicable.
  • Provides excellent customer service to meet the needs of the insured, agents and all other internal and external customers/business partners.
  • Determines when to refer claims to Travelers Investigative Services and/or Subrogation Unit.
  • Identifies and refers claims with Major Case Unit exposure to the manager.
  • Performs administrative functions such as expense accounts, time off reporting, etc. as required.
  • Actively provides mentoring and coaching to less experienced claim professionals.
  • May attend depositions, mediations, arbitrations, pre-trials, trials and all other legal proceedings, as needed. Obtains experts as needed and assist the Litigation Claim Unit.
  • CAT Duty ~ This position will require participation in our Catastrophe Response Program, which could include deployment away for a minimum of 16 days (includes 2 travel days) to assist our customers in other states.
  • Must secure and maintain company credit card required.
  • In order to perform the essential functions of this job, acquisition and maintenance of Insurance License(s) may be required to comply with state and Travelers requirements. Generally, license(s) must be obtained within three months of starting the job and obtain ongoing continuing education credits as mandated.
  • This position requires the individual to access and inspect all areas of a dwelling or structure, which is physically demanding requiring the ability to carry, set up and climb a ladder weighing approximately 38 to 49 pounds, walk on roofs, and enter tight spaces (such as attic staircases and entries, crawl spaces, etc. ). While specific territory or day-to-day responsibilities may not require an individual to climb a ladder, the incumbent must be capable of safely climbing a ladder when deploying to a catastrophe which is a requirement of the position.
  • Perform other duties as assigned.

What Will Our Ideal Candidate Have?

  • Bachelor’s Degree preferred.
  • General knowledge of estimating system Xactimate preferred.
  • Customer Service experience – preferred.
  • Interpersonal and customer service skills – Advanced
  • Organizational and time management skills – Advanced
  • Ability to work independently – Advanced
  • Interpersonal and customer service skills- Advanced
  • Organizational and time management skills – Advanced
  • Ability to work independently – Advanced
  • Judgment, analytical and decision making skills – Advanced
  • Negotiation skills – Advanced
  • Written, verbal and interpersonal communication skills including the ability to convey and receive information effectively – Advanced
  • Investigative skills – Advanced
  • Ability to analyze and determine coverage – Advanced
  • Analyze, and evaluate damages – Advanced
  • Resolve claims within settlement authority – Advanced
  • Valid passport preferred.

What is a Must Have?

  • High School Diploma or GED required.
  • A minimum of three years of Personal Insurance or Business Insurance Property claim handling experience required.
  • Valid driver’s license required.

What Is in It for You?

  • Health Insurance: Employees and their eligible family members – including spouses, domestic partners, and children – are eligible for coverage from the first day of employment.
  • Retirement: Travelers matches your 401(k) contributions dollar-for-dollar up to your first 5% of eligible pay, subject to an annual maximum. If you have student loan debt, you can enroll in the Paying it Forward Savings Program. When you make a payment toward your student loan, Travelers will make an annual contribution into your 401(k) account. You are also eligible for a Pension Plan that is 100% funded by Travelers.
  • Paid Time Off: Start your career at Travelers with a minimum of 20 days Paid Time Off annually, plus nine paid company Holidays.
  • Wellness Program: The Travelers wellness program is comprised of tools and resources that empower you to achieve your wellness goals. In addition, our Life Balance program provides access to professional counseling services, life coaching and other resources to support your daily life needs. Through Life Balance, you’re eligible for five free counseling sessions with a licensed therapist.
  • Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards program that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We believe that we can deliver the very best products and services when our workforce reflects the diverse customers and communities we serve. We are committed to recruiting, retaining and developing the diverse talent of all of our employees and fostering an inclusive workplace, where we celebrate differences, promote belonging, and work together to deliver extraordinary results.

If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you.

Travelers reserves the right to fill this position at a level above or below the level included in this posting.

To learn more about our comprehensive benefit programs please visit http://careers.travelers.com/life-at-travelers/benefits/.

90,000 Which jobs have seen the highest pay increase?

June 25, 2019

|
Articles in Russian (RUS)

Among popular jobs, salary growth for customer service workers, accountants and sales agents has slowed, while software developer salaries have started to rise again. From the salary survey conducted by the salary survey agency and Estonia’s largest job search portal CVKeskus. ee, in which more than 9000 people, it turned out that compared to last year, the salaries of car drivers grew the fastest, having increased by 21% in twelve months.

The latest salary analysis shows that among common positions, the median gross salary of car drivers, i.e. a salary from which half of employees earn less and half more, has risen to 966 euros. This is 21% and 166 euros more than at the same time last year. Software developers received the largest increase in salary, with a salary increase of 283 euros, i.e. the average median salary increased to 2600 euros.

The average median salaries of sales managers (+ 250 €) and classroom teachers (+ 210 €) also increased by more than 200 euros, respectively, to 2000 euros for sales managers and 1452 euros for classroom teachers.

The median salary increased by more than 100 euros for office secretaries (+ 167 €), car drivers (+ 166 €) and skilled workers in industry and production (+ 146 €).

Significantly more modestly, by only 3%, the average median salary of accountants grew during the year, increasing by 45 €, and the median salary of store attendants, to which was added 21 €. For sales agents, the median salary remained practically unchanged during the year, remaining at the level of 1,400 euros.

According to head of the salary research agency Kadri Seeder , the increase in the minimum wage since the beginning of the year has affected the wages of every fifth employee (20%). “Analysis of changes in the wages of employees clearly shows that in the 1st quarter, the line from which 25% of employees earn less and 75% more, grew rapidly, so low-wage workers felt it increase,” commented Kadri Seeder. Seeder added that the increase in wages is also explained by the growth of economic indicators of enterprises, at the same time with which wages increased based on performance.

Commenting on salary trends, Marketing Manager of Estonia’s largest job search portal CVKeskus. ee Henri Auväert added that in order to fill many common positions, employers essentially have to buy workers from competitors, as the labor market lacks suitable free labor force. “Currently, the biggest danger of buyouts is in the sales, transport and IT sectors, where you can find many job offers and employers openly offer salaries that are much higher than the average gross salary. For example, software developers are lured with an offer of salaries that reach an average of 4,260 euros, and sales agents – 2989 euros.

“The salaries advertised for car drivers and cooks are up to 60% higher than the average gross salary, so employers must ensure that their employees’ salaries remain competitive,” added Henri Auväert.

Median gross salary by position

Software developer – 2600 €
Sales manager – 2000 €
Cool teacher – 1452 €
Secretary-clerk, secretary – assistant manager – 1167 €
Driver of a car, taxi or van – 966 €
Skilled worker in industry and production – 1146 €
Cook – 850 €
Accountant – highly qualified specialist – 1545 €
Customer service worker in the store – 750 €
Sales agent – 1400 €

The Salary Research Agency, in cooperation with Estonia’s largest job search portal CVKeskus. ee, polls employers, employees and job seekers twice a year – in spring and autumn. This spring, 523 employers and 9289 employees and job seekers. In terms of the number of survey participants, the agencies are the largest labor market and wage surveys in Estonia.

See also: How much do you need to earn in Estonia to live well?

Märksõnad: | Palgainfo Agentuur | salary | gross salary | teacher salary | labor market research | salary increase | salary survey | median salary | net salary | customer service worker salary | cook salary | sales representative salary | sales manager salary | salary of an accountant | secretary salary | driver salary | software developer salary | salary of a worker in industry and production

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Mobile Commerce Magazine #75 Five SFA Results

Nikolay Doroshchuk,
founder and director of KPD

What does your company need to increase profits? But let’s do without slogans about “new channels” or “100% coverage. ” First of all, you should figure out what your employees’ time is spent on and how much you earn on it. It is good if the agents are already automated and the mobile trading program supplies adequate data from the fields. This means that your company has a basis for building a profitable distribution system. In this article, we will consider how to “pump” sales by managing the financial motivation of a sales representative.

Agent salary: get vs earn

As a rule, an agent’s salary consists of two parts: base (rate) and bonus (interest on sales, bonuses for meeting KPIs, and so on). I suggest that you reconsider the approach to setting the rate – why accrue money “just like that” if you can pay for scheduled visits?

How does it work?

For example, on the territory of your agent, there are 100 outlets that you need to visit once a week. Thus, an employee must make 400 scheduled visits per month. Let’s say the salary (base rate) of the agent is $400. It turns out that your company pays $1 per visit. Or more if field workers deviate from the day’s itinerary. And they decline.

Control of trading teams

After the introduction of GPS control, you will see how many visits your “trade” actually makes. You can show reports to the agent, take disciplinary action, deduct bonuses… But you must pay the salary in full: you have no leverage to influence the employee’s base rate. This situation can and should be changed. When paying for completed scheduled visits, the agent understands that you need to earn not only a bonus, but also a salary.

Also in this issue of Mobile Commerce magazine No. 75, 05/2018:

Bonus for the performance of scheduled visits

According to our experience, a good effect is the introduction of a bonus for RPP (performance of scheduled visits), which is charged for an order made during a scheduled visit. There is an order – keep the bonus, no order – “alas”.

How does it work?

Only orders for outlets that are scheduled to be visited on the current day are credited to the agent. If an agent collects 10 orders during 20 scheduled visits, his RPP per day is 50%. The main risk of introducing an RPP bonus is that agents begin to split orders: sales remain at the same level, but logistics costs increase. How to deal with it? You can set a minimum order amount, but in practice this approach does not work well. We recommend introducing an adjustment coefficient for the RPP bonus – the average order amount.

For example, an agent placed 200 orders last month for a total of $100,000, with an average order value of $500. The next month, he made the same $100,000 in sales, but there were 250 orders, a 25% increase. The average order amount was $400, which is 20% less. So, when paying a bonus, we make an adjustment. A 100% bonus is paid when the dynamics of the growth of the average order amount in comparison with the dynamics of the increase in the number of orders is equal to or greater than zero. If the dynamics is less by 5%, as in our case, we pay 90% bonus, if the dynamics is less than 10% – 80% of the bonus, if it is 20% – no bonus is accrued.