Logic Insurance Group Commercial Underwriter Salary
Commercial Underwriter Salary at Logic Insurance Group BETA
How much does a Logic Insurance Group Commercial Underwriter make?
$54,733
/year
As of March 2025, the average annual salary for a Commercial Underwriter at Logic Insurance Group is $54,733, which translates to approximately $26 per hour. Salaries for Commercial Underwriter at Logic Insurance Group typically range from $50,418 to $61,224, reflecting the diverse roles within the company.
It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
See similar companies related to Logic Insurance Group
What Skills Does a person Need at Logic Insurance Group?
At Logic Insurance Group, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
- Underwriting: Underwriting services are provided by some large financial institutions, such as banks, or insurance or investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability arising from such guarantee. An underwriting arrangement may be created in a number of situations including insurance, issue of securities in a public offering, and bank lending, among others. The person or institution that agrees to sell a minimum number of securities of the company for commission is called the underwriter. The name derives from the Lloyd's of London insurance market. Financial bankers, who would accept some of the risk on a given venture (historically a sea voyage with associated risks of shipwreck) in exchange for a premium, would literally write their names under the risk information that was written on a Lloyd's slip created for this purpose.
- Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
- Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
- Risk Management: Risk management is the identification, evaluation, and prioritization of risks (defined in ISO 31000 as the effect of uncertainty on objectives) followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from various sources including uncertainty in financial markets, threats from project failures (at any phase in design, development, production, or sustainment life-cycles), legal liabilities, credit risk, accidents, natural causes and disasters, deliberate attack from an adversary, or events of uncertain or unpredictable root-cause. There are two types of events i.e. negative events can be classified as risks while positive events are classified as opportunities. Several risk management standards have been developed including the Project Management Institute, the National Institute of Standards and Technology, actuarial societies, and ISO standards. Methods, definitions and goals vary widely according to whether the risk management method is in the context of project management, security, engineering, industrial processes, financial portfolios, actuarial assessments, or public health and safety.
- Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
Related Jobs
Check more jobs information at Logic Insurance Group
| Job Title | Average Logic Insurance Group Salary | Hourly Rate | |
|---|---|---|---|
| 2 | Accounting Assistant | $44,475 | $21 |
| 3 | Manager | $100,280 | $48 |
| 4 | Manager, Accounting | $110,567 | $53 |
| 5 | Sales Agent | $34,431 | $17 |
| 6 | Insurance Specialist | $57,660 | $28 |
| 7 | Personal Lines Underwriter | $65,298 | $31 |
| 8 | Independent Agent | $82,700 | $40 |
| 9 | Marketing Representative | $69,585 | $33 |
| 10 | President & Chief Executive Officer | $756,494 | $364 |
Hourly Pay at Logic Insurance Group
The average hourly pay at Logic Insurance Group for a Commercial Underwriter is $26 per hour.
The location, department, and job description all have an impact on the typical compensation for Logic Insurance Group positions.
The pay range and total remuneration for the job title are shown in the table below.
Logic Insurance Group may pay a varying wage for a given position based on experience, talents, and education.
FAQ about Salary and Jobs at Logic Insurance Group
1. How much does Logic Insurance Group pay per hour?
The average hourly pay is $26. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
The average hourly pay is $26. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Logic Insurance Group?
According to the data, the highest approximate salary is about $61,224 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
According to the data, the highest approximate salary is about $61,224 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Logic Insurance Group?
According to the data, the lowest estimated salary is about $50,418 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
According to the data, the lowest estimated salary is about $50,418 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.