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Claims vice president vs liability claims representative

The differences between claims vice presidents and liability claims representatives can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a claims vice president and a liability claims representative. Additionally, a claims vice president has an average salary of $93,687, which is higher than the $45,654 average annual salary of a liability claims representative.

The top three skills for a claims vice president include litigation, claims handling and claims operations. The most important skills for a liability claims representative are litigation, claims handling, and customer service.

Claims vice president vs liability claims representative overview

Claims Vice PresidentLiability Claims Representative
Yearly salary$93,687$45,654
Hourly rate$45.04$21.95
Growth rate-6%-6%
Number of jobs39,65213,563
Job satisfaction--
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 81%
Average age4444
Years of experience66

Claims vice president vs liability claims representative salary

Claims vice presidents and liability claims representatives have different pay scales, as shown below.

Claims Vice PresidentLiability Claims Representative
Average salary$93,687$45,654
Salary rangeBetween $55,000 And $158,000Between $33,000 And $61,000
Highest paying City-Somerville, MA
Highest paying state-New Jersey
Best paying company-The Travelers Companies
Best paying industry-Insurance

Differences between claims vice president and liability claims representative education

There are a few differences between a claims vice president and a liability claims representative in terms of educational background:

Claims Vice PresidentLiability Claims Representative
Most common degreeBachelor's Degree, 68%Bachelor's Degree, 81%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Claims vice president vs liability claims representative demographics

Here are the differences between claims vice presidents' and liability claims representatives' demographics:

Claims Vice PresidentLiability Claims Representative
Average age4444
Gender ratioMale, 77.3% Female, 22.7%Male, 43.1% Female, 56.9%
Race ratioBlack or African American, 11.3% Unknown, 4.4% Hispanic or Latino, 17.0% Asian, 5.3% White, 61.5% American Indian and Alaska Native, 0.5%Black or African American, 11.5% Unknown, 4.4% Hispanic or Latino, 16.7% Asian, 5.2% White, 61.7% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between claims vice president and liability claims representative duties and responsibilities

Claims vice president example responsibilities.

  • Retain and manage outside counsel; develop and coordinate strategy for litigation; participate in alternative dispute resolution and negotiate settlements.
  • Provide management oversight of client support at offices in Indiana, Kentucky and Ohio.
  • Provide vision, oversight and direction to claims and encounter processing and claims systems configuration.
  • Work with underwriting carrier to ensure that all TPA responsibilities are being handle according to the TPA guidelines.
  • Establish and direct internal and external performance standards and procedures for use with TPA's or general agents.
  • Negotiate claims litigation, including settling lawsuits via mediation strategies.
  • Show more

Liability claims representative example responsibilities.

  • Investigate, evaluate, and manage call to complete coverage analysis confirming or denying coverage using Xactimate estimating software.
  • Investigate and conclude property and casualty liability claims including those in litigation with the highest overall production of the claims representatives.
  • Participate in arbitration hearings through writing contentions, compiling evidence and personally representing files.
  • Control expenses by developing and following resolutions and/or litigation plans to drive claim to resolution.
  • Facilitate training seminars for new employees to familiarize them with various corporate procedures including exposure recognition, fraud detection and arbitration.
  • Complete field inspection of losses including accurate scope of damages, photographic evidence collection, written estimates utilizing Xactimate estimating software.
  • Show more

Claims vice president vs liability claims representative skills

Common claims vice president skills
  • Litigation, 15%
  • Claims Handling, 13%
  • Claims Operations, 10%
  • Oversight, 8%
  • Direct Reports, 6%
  • Coverage Issues, 5%
Common liability claims representative skills
  • Litigation, 9%
  • Claims Handling, 8%
  • Customer Service, 7%
  • Law Enforcement Agencies, 6%
  • Insurance Claims, 6%
  • Reservations, 6%

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