Insurance companies usually don't provide insurance out of the goodness of their hearts. They do so with the hope that they will not lose a lot of money on a client. That means it's in their best interest that a client does not get into accidents or otherwise lose money. Many insurance companies employ loss control representatives that inspect businesses and prepare reports before issuing or renewing insurance policies.
The job of a loss control representative can't be done from the office. Instead, they get to go out into the field and conduct on-site inspections of businesses looking for insurance. Their eagle eye identifies any situations that can lead to loss, such as violations of workplace safety, and they make recommendations to fix them. Their report gets used by the insurance company to draw up a policy that matches a business's needs.
Loss control representatives need to know a lot about regulations, safety practices, and insurance. Most of these skills come from practical experience instead of a classroom - in fact, only about half of loss control representatives have bachelor's degrees.
There is more than meets the eye when it comes to being a loss control representative. For example, did you know that they make an average of $30.82 an hour? That's $64,107 a year!
There are certain skills that many loss control representatives 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 math skills, organizational skills and communication skills.
When it comes to the most important skills required to be a loss control representative, we found that a lot of resumes listed 19.3% of loss control representatives included customer service, while 8.6% of resumes included ensure compliance, and 6.9% of resumes included osha. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the loss control representative job title. But what industry to start with? Most loss control representatives actually find jobs in the insurance and finance industries.
If you're interested in becoming a loss control representative, one of the first things to consider is how much education you need. We've determined that 43.3% of loss control representatives have a bachelor's degree. In terms of higher education levels, we found that 9.6% of loss control representatives have master's degrees. Even though most loss control representatives 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 representative. When we researched the most common majors for a loss control representative, we found that they most commonly earn bachelor's degree degrees or high school diploma degrees. Other degrees that we often see on loss control representative resumes include associate degree degrees or master's degree degrees.
You may find that experience in other jobs will help you become a loss control representative. In fact, many loss control representative jobs require experience in a role such as customer service representative. Meanwhile, many loss control representatives also have previous career experience in roles such as cashier or administrative assistant.