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Compensation adjuster vs claims adjuster

The differences between compensation adjusters and claims adjusters can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a compensation adjuster and a claims adjuster. Additionally, a compensation adjuster has an average salary of $59,246, which is higher than the $51,116 average annual salary of a claims adjuster.

The top three skills for a compensation adjuster include litigation, workers compensation claims and medical treatment. The most important skills for a claims adjuster are insurance carriers, auto claims, and customer service.

Compensation adjuster vs claims adjuster overview

Compensation AdjusterClaims Adjuster
Yearly salary$59,246$51,116
Hourly rate$28.48$24.57
Growth rate-6%-6%
Number of jobs15,06213,221
Job satisfaction--
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 66%
Average age4444
Years of experience44

Compensation adjuster vs claims adjuster salary

Compensation adjusters and claims adjusters have different pay scales, as shown below.

Compensation AdjusterClaims Adjuster
Average salary$59,246$51,116
Salary rangeBetween $39,000 And $89,000Between $40,000 And $64,000
Highest paying City-Los Angeles, CA
Highest paying state-New Jersey
Best paying company-Merchants Insurance Group
Best paying industry-Insurance

Differences between compensation adjuster and claims adjuster education

There are a few differences between a compensation adjuster and a claims adjuster in terms of educational background:

Compensation AdjusterClaims Adjuster
Most common degreeBachelor's Degree, 58%Bachelor's Degree, 66%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Compensation adjuster vs claims adjuster demographics

Here are the differences between compensation adjusters' and claims adjusters' demographics:

Compensation AdjusterClaims Adjuster
Average age4444
Gender ratioMale, 23.6% Female, 76.4%Male, 45.1% Female, 54.9%
Race ratioBlack or African American, 12.1% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 61.4% American Indian and Alaska Native, 0.5%Black or African American, 11.8% Unknown, 4.4% Hispanic or Latino, 16.8% Asian, 5.2% White, 61.2% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between compensation adjuster and claims adjuster duties and responsibilities

Compensation adjuster example responsibilities.

  • Manage litigation claims including mediation and arbitration from inception to close.
  • Apply strong customer service, organizational and multitasking skills to efficiently manage auto insurance claims.
  • Compile and validate information relay to legal department for litigation arising from medical claims.
  • Research and review delinquent mortgage cases, financial scenarios and individual homeowner situations to develop solutions compliant with investor policy.
  • Close files once MMI and/or settlement reach
  • Input new CPT codes into system as changed by HIPPA law regulations.
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Claims adjuster example responsibilities.

  • Achieve targeted performance goals to manage costs and support Allstate's industry-leading operational standards.
  • Maintain a full caseload of WC files for a Louisiana customer, for six months, while managing this team.
  • Manage California branch operations including supervision of 5 WC adjusting and support staff
  • Apply strong customer service, organizational and multitasking skills to efficiently manage auto insurance claims.
  • Manage strict confidentiality of documents and comply with HIPAA regulations stipulate by the facility and government.
  • Manage file inventory by utilizing CCC pathways diary system documenting claim file activities in accordance with establish procedures
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Compensation adjuster vs claims adjuster skills

Common compensation adjuster skills
  • Litigation, 16%
  • Workers Compensation Claims, 11%
  • Medical Treatment, 7%
  • Medical Terminology, 7%
  • Disability Claims, 5%
  • Medical Bills, 5%
Common claims adjuster skills
  • Insurance Carriers, 13%
  • Auto Claims, 8%
  • Customer Service, 8%
  • Litigation, 7%
  • Xactimate, 6%
  • Claims Handling, 5%

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