Insurance for Claims Adjusters

Insurance rates will vary depending on several different factors including location, business size, and type. You will be able to get a more accurate insurance quote by identifying the specific needs of your business with your insurance provider.

• Claims Adjusters
• Claims Processing Services
• Third-party Employee Benefit Services
• Third-party Administrative Processing Services

You’ll need this when:

• You begin working as a claims adjuster. As an insurance professional assessing a variety of different types of claims, you may encounter several possible risks that may threaten your well-being and the financial wellbeing of your insurance business. Regardless of how carefully you work, there are always risks involved for any business.

• For Example: If your property claims adjuster’s 50-pound ladder falls and breaks a customer’s window while investigating a claim, General Liability Insurance will cover the damage expenses and legal fees if the accident resulted in someone’s injury.

You’ll need this when you have employees on the company payroll. The laws differ from state to state, but usually coverage to protect the welfare of your team is required by law. Regardless of your state’s laws, Workers Compensation is good to have, as an employee-related lawsuit could harm your reputation and put your business at risk.

For example: If your employee is a claims adjuster working on a case related to a severe natural disaster, such as a tornado, and is injured by a falling piece of debris on the field, Workers Compensation can help cover his medical treatment and lost wages so that you won’t have to.

An insurance claims adjuster is a representative of an insurance company responsible for gathering the facts and reporting the details of claims by the insured. The facts gathered are then sent to the insurance company and then the insurance company will determine if the claim will be covered under the policy and how much the insurance company should pay for the loss.