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The differences between workerss' compensation claims adjuster and insurance investigators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a workers' compensation claims adjuster and an insurance investigator. Additionally, a workers' compensation claims adjuster has an average salary of $57,583, which is higher than the $40,373 average annual salary of an insurance investigator.
The top three skills for a workers' compensation claims adjuster include customer service, claim process and compensation benefits. The most important skills for an insurance investigator are insurance claims, insurance benefits, and general liability.
| Workers' Compensation Claims Adjuster | Insurance Investigator | |
| Yearly salary | $57,583 | $40,373 |
| Hourly rate | $27.68 | $19.41 |
| Growth rate | -6% | -6% |
| Number of jobs | 16,506 | 38,201 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 62% |
| Average age | 44 | 44 |
| Years of experience | 4 | 4 |
A worker's compensation claims adjuster is responsible for analyzing and validating compensation claims, ensuring eligibility and accuracy to authorize payments. Their responsibilities also include coordinating with different departments to gather data, liaising with internal and external parties, determining the amount of compensation, and negotiating claims. Furthermore, a worker's compensation claims adjuster may also perform administrative support tasks such as preparing progress reports and other documentation, answering calls and inquiries, maintaining records of all transactions, and training new members of the workforce.
A claims investigator is responsible for examining and investigating in a particular insurance claim is valid. They ensure that the insurance company will settle claims as soon as possible. They resolve issues to prevent fraudulent allegations. This career also requires effective communication. Claims investigators must often conduct interviews.
Workerss' compensation claims adjuster and insurance investigators have different pay scales, as shown below.
| Workers' Compensation Claims Adjuster | Insurance Investigator | |
| Average salary | $57,583 | $40,373 |
| Salary range | Between $40,000 And $82,000 | Between $26,000 And $61,000 |
| Highest paying City | Sacramento, CA | - |
| Highest paying state | Rhode Island | - |
| Best paying company | The Travelers Companies | - |
| Best paying industry | Finance | - |
There are a few differences between a workers' compensation claims adjuster and an insurance investigator in terms of educational background:
| Workers' Compensation Claims Adjuster | Insurance Investigator | |
| Most common degree | Bachelor's Degree, 63% | Bachelor's Degree, 62% |
| Most common major | Business | Criminal Justice |
| Most common college | Stanford University | California State University - Bakersfield |
Here are the differences between workerss' compensation claims adjuster' and insurance investigators' demographics:
| Workers' Compensation Claims Adjuster | Insurance Investigator | |
| Average age | 44 | 44 |
| Gender ratio | Male, 27.4% Female, 72.6% | Male, 58.0% Female, 42.0% |
| Race ratio | Black or African American, 11.0% Unknown, 4.4% Hispanic or Latino, 16.4% 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, 16.7% Asian, 5.5% White, 61.4% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 10% | 10% |