What does a commercial lines account manager do?
As a commercial lines account manager, you work as the liaison between insurance companies, agents, and clients. Your duties and responsibilities involve responding to requests for information and documentation, handling renewals of expiring policies, processing claims, and assisting with audits.
What does a commercial insurance manager do?
Informs and educates clients about policy coverage, changes, exclusions and insurance needs; Pre-qualifies and analyzes prospective business clients according to agency standards.
What are the duties of insurance account manager?
Insurance Account Manager Job Overview Their responsibilities include responding to customer inquiries, explaining coverage and premiums, informing clients on any policy or billing changes, and facilitating the claims process between clients and the adjuster.
What is a Clcs designation?
The CLCS Commercial Lines Coverage Specialist designation program is the most complete professional learning program available for industry professionals seeking to master the subject of commercial lines coverage.
How much should a commercial Lines CSR handle?
Some commercial lines CSRs can handle only 250 to 300 accounts and others handle 500 to 750? Although it will vary greatly, the average commercial lines CSR will handle around $400,000 of commission revenue.
How much do commercial account managers make?
Commercial Account Manager Salaries
| Job Title | Salary |
|---|---|
| RBC Commercial Account Manager salaries – 85 salaries reported | $81,401/yr |
| BMO Financial Group Commercial Account Manager salaries – 41 salaries reported | $74,147/yr |
| TD Commercial Account Manager salaries – 25 salaries reported | $78,345/yr |
What is a commercial line policy?
Commercial lines insurance is a type of property and casualty insurance policy offered to businesses. The policy can cover a range of insurance needs for the business, including everything from auto insurance for the company’s fleet of vehicles to workers’ compensation insurance for employees.
How do I become a commercial insurance manager?
Commercial lines account managers typically must have at least a high school diploma or equivalent, with added insurance experience a plus. Proficiency with Microsoft Office is required. The average hourly salary for the position is $29.16, which equates to $60,663 annually.
What is a commercial insurance job?
The Job Responsibilities of a Commercial Insurance Broker Include: Gathering information from clients, assessing their risk profile and insurance needs. Acquiring new clients and winning accounts against competitors, while building and maintaining relationships with ongoing clients.
What is Cpcu exam?
Chartered Property Casualty Underwriter (CPCU) is a professional certification issued by The Institutes and earned by risk management and insurance professionals. To obtain the CPCU credential, an individual must pass a number of classes covering insurance and risk management topics.
What does Cbia stand for in insurance?
Coastal Barrier Improvement Act of 1990. CBIA. California Background Investigators Association. CBIA.