Adjustor Job Description
Adjustors, or adjusters, work in the insurance field and work to determine the amount to be paid to those with claims after an accident. Many adjustors work for automobile insurers, but adjustors work in other areas of the insurance field.
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Job Duties
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An adjustor is primarily responsible for determining the amount to be paid to those making an insurance claim. Among other duties, adjustors often go into the field to examine and document damages, negotiate with claimants, and may schedule repair work.
Job Requirements
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Adjustors will most often have a college degree with business- and accounting-related majors being preferred. Adjustors also commonly have experience in either the insurance field or in a related field, such as car repair for auto insurance adjustors.
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Compensation
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According to the Bureau of Labor Statistics, the median salary in May of 2008 for the job category Claims Adjusters, Appraisers, Examiners, and Investigators was just over $55,000. Adjustors are commonly offered fringe benefits including paid leave and health insurance. Some adjustors may be provided with a company car and laptop computer.
Employers
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Most adjustors work for insurance companies. Adjustors may also be self-employed and contract with various companies. Adjustors may also be hired by non-profit or government organizations that advocate for consumers or regulate the insurance industry.
Job Demand
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The BLS expects job growth for adjustors and related occupations to grow at an average pace. The BLS states that applicants should work to be as qualified as possible as a large amount of competition should be expected for openings.
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References
- Photo Credit wrecked car image by hazel proudlove from Fotolia.com
