Liability Underwriter Salary in Cedar Rapids, IA

What is the salary range of Liability Underwriter?

As of December 01, 2024, the average annual pay of Liability Underwriter in Cedar Rapids, IA is $61,333. While Salary.com is seeing that Liability Underwriter salary in Cedar Rapids, IA can go up to $66,849 or down to $43,781, but most earn between $52,145 and $64,220. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Liability Underwriter in the United States.

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Salary range for a Liability Underwriter

$52,145 to $64,220

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What is a Liability Underwriter?

A Liability Underwriter is responsible for evaluating and assessing the potential risks associated with providing insurance coverage for various liabilities, such as professional liability, general liability, and product liability. They analyze the information provided by the applicant, including financial statements, claims history, and risk management practices, to determine the appropriate coverage and premium rates. They also collaborate with other underwriters, actuaries, and claims adjusters to ensure that the insurance policies are accurately priced and adequately cover potential liabilities. Additionally, they may also be involved in developing and implementing underwriting guidelines and strategies to effectively manage and mitigate risks for the insurance company. Strong analytical skills, attention to detail, and knowledge of insurance regulations and industry trends are essential for this role.

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Job Openings for Liability Underwriter in Cedar Rapids, IA

What does a Liability Underwriter do?

Common responsibilities of a Liability Underwriter

Analyze and underwrite new and renewal business, ensuring that the terms and conditions are in line with company guidelines and standards.

September 03, 2023

Stay updated on industry trends, regulations, and market conditions to make informed underwriting decisions.

September 04, 2023

Ensure compliance with underwriting guidelines, company policies, and regulatory requirements.

October 25, 2023

Assess and evaluate potential risks associated with liability insurance policies.

November 04, 2023

Collaborate with underwriting team to develop and implement underwriting strategies and guidelines.

November 07, 2023

Communicate with brokers and clients to gather necessary information and provide underwriting decisions.

November 12, 2023

Review and analyze complex insurance applications and supporting documentation to determine the level of risk and appropriate premium rates.

November 14, 2023

Provide guidance and support to junior underwriters and other team members.

November 19, 2023

Participate in underwriting meetings and discussions to share insights and best practices.

November 20, 2023

Monitor and manage the performance of existing liability insurance policies, including reviewing claims and loss experience.

November 26, 2023

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Liability Underwriter Salary By Experience Levels in Cedar Rapids, IA

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Liability Underwriter Salary By Level of Education in Cedar Rapids, IA

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Average Salary Range for Liability Underwriter in Cedar Rapids, IA

Average Base Salary

Core compensation

52145

64220

61333

Average Total Cash Compensation

Includes base and annual incentives

69972

86891

75864

What is the average salary for Liability Underwriter in 2024?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Liability Underwriter in Cedar Rapids, IA. The base salary for Liability Underwriter ranges from $52,145 to $64,220 with the average base salary of $61,333. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $69,972 to $86,891 with the average total cash compensation of $75,864.

View Average Salary for Liability Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$61,333	$52,145 - $64,220
Bonus	$14,532	$17,827 - $22,670
Total Pay	$75,864	$69,972 - $86,891

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Liability Underwriter Salary Near Cedar Rapids, IA

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Cedar Rapids, IA
CITY, STATE Iowa City, IA	AVERAGE SALARY RANGE $51,709 - $63,683	COMPARE TO Cedar Rapids, IA
CITY, STATE Waterloo, IA	AVERAGE SALARY RANGE $49,546 - $61,019	COMPARE TO Cedar Rapids, IA
CITY, STATE Cedar Falls, IA	AVERAGE SALARY RANGE $49,125 - $60,501	COMPARE TO Cedar Rapids, IA
CITY, STATE Dubuque, IA	AVERAGE SALARY RANGE $51,434 - $63,344	COMPARE TO Cedar Rapids, IA
CITY, STATE Davenport, IA	AVERAGE SALARY RANGE $51,713 - $63,688	COMPARE TO Cedar Rapids, IA
CITY, STATE Rock Island, IL	AVERAGE SALARY RANGE $51,077 - $62,905	COMPARE TO Cedar Rapids, IA

See salaries for Liability Underwriter in locations close to Cedar Rapids, IA. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Cedar Rapids, Iowa

The city is divided into four quadrants, used in addressing. 1st Avenue (U.S. Route 151 Business) divides the north and south sides of the city, and the Cedar River divides east and west. Mays Island, in the middle of the river, is the only area of the city where addresses have no quadrant. Areas outside the city limits that have a Cedar Rapids mailing address do not use the quadrants either. Except in the downtown area, 1st Avenue and the Cedar River tend to run diagonally instead of along the cardinal directions. Due to the curving of 1st Avenue, there are some areas in western Cedar Rapids ...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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JOB TITLE Professional Liability Underwriter	LOCATION Cedar Rapids, IA	MINIMUM SALARY $80,983	MAXIMUM SALARY $106,742
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The Liability Underwriter job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Cedar Rapids, IA that might be a good fit for the type of job and salary you are looking for.

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52145

64220

About Cedar Rapids, Iowa The city is divided into four quadrants, used in addressing. 1st Avenue (U.S. Route 151 Business) divides the north and south sides of the city, and t....More

Cedar Rapids, Iowa area prices were up 0.8% from a year ago

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