Business Insurance Job Description

March 16, 20120 Comments

Business insurance job profile and description

The job of a business insurance agent is to sell different kinds of business insurance policies depending on the needs of the client. There are basically nine types of business insurance plans, which a business insurance agent can sell. They are property insurance, liability insurance, commercial auto insurance, casualty insurance, business interruption insurance, worker’s compensation insurance, health insurance and life and disability insurance.

Business insurance job duties and responsibilities

The duties and responsibilities of a business insurance agent are:

  • Contacting business enterprises and identifying potential clients
  • Keeping in touch with the existing clients and updating them about new business insurance policies
  • Negotiating deals with the clients
  • Evaluating the needs of a business and suggesting useful policies
  • Maintaining records of clients and their policies
  • Computing monthly premiums and collecting them from clients
  • Studying the functional and operational patterns of the company and make changes in the premium charges
  • Ensure that the client is satisfied with the policy
  • Answer queries and solve any business insurance related problems
  • In times of claims, evaluate the situation by visiting the business area

Business insurance job skills and specifications

The skills and specifications of a business insurance job are:

  • Excellent written and verbal communication and negotiation skills
  • A sound knowledge about the different types of business insurance plans
  • Good mathematical and analytical skills
  • Good troubleshooting abilities
  • Exceptional sales and marketing skills

Business insurance jobs education and qualifications

The education and qualifications required for a business insurance job are:

  • A bachelor’s degree in mathematics and statistics
  • A certification course in sales and marketing strategies will be of great help
  • A certification course in insurance laws from licensed institutions gives an extra edge.

Business insurance salary

The salary of a business insurance agent is largely dependent on his skill to market and sell policies. An independent agent or brokers can earn more if they are efficient. The salary ranges between $50,000 to $60,000 annually.

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