Company Insurance Job Description

March 16, 20120 Comments

Company insurance job description

A company insurance agent deals with the insurance needs of both small scale and large scale industry. This requires him to evaluate the requirements of the company and recommend suitable insurance policies, finally culminating the communications in selling a policy to the company. There are various kinds of company insurance policies like life and health insurance cover for the employees, casualty insurance, company machinery and assets insurance and liability insurance to name a few.

Company insurance duties and responsibilities

The duties and responsibilities of a company insurance job are:

  • Identifying potential clients and explaining the various types of company insurance policies
  • Interacting with the companies, evaluating their insurance needs and suggesting suitable company insurance policies
  • Documenting the details of the clients, monthly premium payments and claims
  • Evaluating the circumstances of claims
  • In times of claim denial, explain the circumstances under which, the claim was denied and substantiate with proofs and documents
  • Clarify doubts and solve company related problems
  • Treating clients fairly and not try to unfairly sell unnecessary company insurance plans

Company insurance skills and specifications

The skills and specifications of a company insurance job are:

  • Exceptional perception and written and verbal communications skills
  • Good negotiation skills
  • A sound knowledge about company insurance laws and regulations
  • Ability to provide good client support
  • Should be adept in form filling and documentation works
  • High sense of accuracy in financial computations involved in insurance
  • Excellent sales and marketing skills
  • Sound analysis and decision making skills

Company insurance job education and qualifications

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

  • For sales and marketing, a company insurance agent requires a degree or diploma in sales and marketing along with a certification course by a licensed institute on insurance laws and concepts
  • Company insurance license given by the state insurance department on appearing for pre-licensing and licensing exams
  • A degree or diploma in mathematics, statistics and probability is a basic requirement.

Company insurance job salary

The salary range for a company insurance job is between $50k to $65k annually.

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