Loss control consultants are responsible for interpreting risk for complicated industrial and commercial purposes. They develop innovative ways for insurance companies to offer cost-effective coverage and survey businesses for property or casualty concerning worker's compensation. They also identify potential exposures to loss and how a business can afford it. Loss control consultants earn an average salary of $90,000 annually or $43 per hour.
Loss control consultants usually work for various companies, ranging from a private agency to an insurance company. Their duties include building and maintaining professional networks and channels of communication inside and outside the organization. They gather and communicate pertinent safety information to assist in the risk selection part of the underwriting process.
Loss control consultants mostly hold a bachelor's degree in business, accounting, or other related fields. They are expected to have years of managerial experience and as a mechanical engineer. They are also expected to maintain the database for all industrial inspections performed each quarter and help larger clients identify immediate areas of risk.
There is more than meets the eye when it comes to being a Loss Control Consultant. For example, did you know that they make an average of $39.97 an hour? That's $83,147 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 7,500 job opportunities across the U.S.
There are certain skills that many Loss Control Consultants have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed Ability to use technology, Detail oriented and Physical stamina.
If you're interested in becoming a Loss Control Consultant, one of the first things to consider is how much education you need. We've determined that 69.3% of Loss Control Consultants have a bachelor's degree. In terms of higher education levels, we found that 11.2% of Loss Control Consultants have master's degrees. Even though most Loss Control Consultants have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a Loss Control Consultant. When we researched the most common majors for a Loss Control Consultant, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Loss Control Consultant resumes include Master's Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Loss Control Consultant. In fact, many Loss Control Consultant jobs require experience in a role such as Loss Control Representative. Meanwhile, many Loss Control Consultants also have previous career experience in roles such as Controller or Safety Manager.