Liability Underwriter Salary in Indianapolis, IN

What is the salary range of Liability Underwriter?

As of December 01, 2024, the average annual pay of Liability Underwriter in Indianapolis, IN is $62,358. While Salary.com is seeing that Liability Underwriter salary in Indianapolis, IN can go up to $67,967 or down to $44,513, but most earn between $53,017 and $65,294. 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

$53,017 to $65,294

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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 Indianapolis, IN

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 Indianapolis, IN

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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 Indianapolis, IN

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LEVEL OF EDUCATION

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Average Salary Range for Liability Underwriter in Indianapolis, IN

Average Base Salary

Core compensation

53017

65294

62358

Average Total Cash Compensation

Includes base and annual incentives

71142

88343

77133

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 Indianapolis, IN. The base salary for Liability Underwriter ranges from $53,017 to $65,294 with the average base salary of $62,358. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $71,142 to $88,343 with the average total cash compensation of $77,133.

View Average Salary for Liability Underwriter as table

	Average Salary	Average Salary Range
Base Salary	$62,358	$53,017 - $65,294
Bonus	$14,775	$18,125 - $23,049
Total Pay	$77,133	$71,142 - $88,343

* 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 Indianapolis, IN

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Indianapolis, IN
CITY, STATE Fishers, IN	AVERAGE SALARY RANGE $52,062 - $64,118	COMPARE TO Indianapolis, IN
CITY, STATE Greenwood, IN	AVERAGE SALARY RANGE $52,995 - $65,267	COMPARE TO Indianapolis, IN
CITY, STATE Carmel, IN	AVERAGE SALARY RANGE $52,952 - $65,213	COMPARE TO Indianapolis, IN
CITY, STATE Anderson, IN	AVERAGE SALARY RANGE $50,456 - $62,140	COMPARE TO Indianapolis, IN
CITY, STATE Bloomington, IN	AVERAGE SALARY RANGE $50,191 - $61,814	COMPARE TO Indianapolis, IN
CITY, STATE Muncie, IN	AVERAGE SALARY RANGE $50,260 - $61,898	COMPARE TO Indianapolis, IN

See salaries for Liability Underwriter in locations close to Indianapolis, IN. 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 Indianapolis, Indiana

Indianapolis is in the East North Central region of the Midwestern United States, in central Indiana. According to the U.S. Census Bureau, the Indianapolis (balance) encompasses a total area of 368.2 square miles (954 km2), of which 361.5 square miles (936 km2) is land and 6.7 square miles (17 km2) is water. The consolidated city boundaries are coterminous with Marion County, with the exception of the autonomous municipalities of Beech Grove, Lawrence, Southport, and Speedway. Indianapolis is the 16th largest city by land area in the U.S. Indianapolis is within the Tipton Till Plain, a flat to...

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

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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 Indianapolis, IN that might be a good fit for the type of job and salary you are looking for.

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53017

65294

About Indianapolis, Indiana Indianapolis is in the East North Central region of the Midwestern United States, in central Indiana. According to the U.S. Census Bureau, the Indiana....More

Indianapolis, Indiana area prices were up 1.3% from a year ago

Liability Underwriter Salary in popular cities: Fort Wayne, Evansville, South Bend

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