What is the difference between an independent and staff adjuster?
Staff insurance adjusters work directly for insurance companies as year-round salaried employees and put in 35 to 50 hours per week. An average entry level salary for a staff adjuster is in the $32,000 range. Staff adjusters typically specialize in one or more of the following claims types: automobile, homeowners, commercial, ocean and inland marine, farm and ranch, and workman’s compensation. Independent insurance adjusters operate as independent contractors, typically contracting with independent adjusting firms. Adjusting firms in turn contract with insurance companies who require claims support beyond the capabilities of their staff adjusters. As independent contractors, IAs work for periods sufficient to complete the job and are not salaried. Instead, IAs are paid on a per claim basis or occasionally on a per diem (day) basis. After a major catastrophic event such as an earthquake or hurricane, independent adjusters may be putting in 70 to 90 hour work weeks. This work is highly l
Related Questions
- This measure is independent of whether we actually have the staff necessary to acheive a targeted service level. How well do the staffs we have adhered to schedule?
- Why did the insurance company send an "independent" instead of a "staff" adjuster?
- What is the difference between an independent and staff adjuster?
