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Liability claims examiner vs claim specialist

The differences between liability claims examiners and claim specialists can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a liability claims examiner and a claim specialist. Additionally, a liability claims examiner has an average salary of $54,421, which is higher than the $43,164 average annual salary of a claim specialist.

The top three skills for a liability claims examiner include party claims, litigation and claims handling. The most important skills for a claim specialist are customer service, litigation, and patients.

Liability claims examiner vs claim specialist overview

Liability Claims ExaminerClaim Specialist
Yearly salary$54,421$43,164
Hourly rate$26.16$20.75
Growth rate-6%-6%
Number of jobs13,73429,505
Job satisfaction--
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 54%
Average age4444
Years of experience66

What does a liability claims examiner do?

A Liability Claims Examiner or also known as an Insurance investigator, is a person who monitors and reviews settled insurances. They will determine if the paid amount is in accordance with the corporation or company's procedure. They report possible irregularities that are happening, like underpayment and overpayment of insurances. They also evaluate insurance claims or applications and do a follow-up of the status to protect and secure the clients from having a financial loss.

What does a claim specialist do?

A claims specialist is responsible for processing insurance claims, reviewing insurance coverage, and analyzing claims cases. Claims specialists' duties include negotiating claims settlements, validating claims to prevent fraud, creating court testimonies as needed, developing claim review plans, and checking necessary documents and related resolve claims. A claims specialist must have strong analytical and critical-thinking skills to authorize claim payment and investigate complex and unusual claims. Claims specialists should also have extensive knowledge of the insurance processes to handle various cases, following legal policies and regulatory procedures.

Liability claims examiner vs claim specialist salary

Liability claims examiners and claim specialists have different pay scales, as shown below.

Liability Claims ExaminerClaim Specialist
Average salary$54,421$43,164
Salary rangeBetween $34,000 And $85,000Between $27,000 And $67,000
Highest paying CityLansing, MINewark, NJ
Highest paying stateWashingtonNew Jersey
Best paying companyW. R. BerkleyW. R. Berkley
Best paying industryInsuranceInsurance

Differences between liability claims examiner and claim specialist education

There are a few differences between a liability claims examiner and a claim specialist in terms of educational background:

Liability Claims ExaminerClaim Specialist
Most common degreeBachelor's Degree, 73%Bachelor's Degree, 54%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Liability claims examiner vs claim specialist demographics

Here are the differences between liability claims examiners' and claim specialists' demographics:

Liability Claims ExaminerClaim Specialist
Average age4444
Gender ratioMale, 46.0% Female, 54.0%Male, 31.0% Female, 69.0%
Race ratioBlack or African American, 11.1% Unknown, 4.4% Hispanic or Latino, 16.3% Asian, 5.1% White, 62.6% American Indian and Alaska Native, 0.5%Black or African American, 11.4% Unknown, 4.4% Hispanic or Latino, 16.5% Asian, 5.1% White, 62.1% American Indian and Alaska Native, 0.5%
LGBT Percentage10%10%

Differences between liability claims examiner and claim specialist duties and responsibilities

Liability claims examiner example responsibilities.

  • Handle automobile liability, general liability, products liability and manage litigation for one specific client.
  • Manage strict confidentiality of documents and comply with HIPAA regulations stipulate by the facility and government.
  • Oversee adjustment of all third-party liability losses, coverage assessment, investigation, and evaluations regarding litigation claims.
  • Mentore less experience and newer employees in career development and individual development plans to facilitate future leadership candidates for the enterprise.
  • Interact with assign counsel for case status, interrogatories and preparation for trials on calendar.
  • Investigate and identify fraud claims and partner with SIU for additional investigations to prevent payouts after fraud are proven.
  • Show more

Claim specialist example responsibilities.

  • Assist in the streamlining of EDI process to manage workflow of EDI claims.
  • Manage claims on desk, route/queues, and ECHS within specify turn-around-time parameters.
  • Manage claims, route/queues, and ECHS, within specify turn- around time parameters.
  • Investigate, manage, negotiate and resolve claims arising out of accidents involving automobile and homeowner policies.
  • Upgrade CPT-4 and ICD-9 coding procedures, staying in step with many manage care plans changing reimbursement schedules.
  • Manage expedition of appeals via problem solving and collaboration with other departments.
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Liability claims examiner vs claim specialist skills

Common liability claims examiner skills
  • Party Claims, 12%
  • Litigation, 12%
  • Claims Handling, 11%
  • Claims Process, 11%
  • Policy Coverage, 10%
  • Coverage Analysis, 9%
Common claim specialist skills
  • Customer Service, 19%
  • Litigation, 7%
  • Patients, 5%
  • Claims Handling, 4%
  • Quality Standards, 4%
  • Excellent Organizational, 4%

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