What kind of jobs are there in Professional Liability Insurance?
Career opportunities for PL exist within insurance companies, within businesses, and in law firms. From the list above, you can imagine the breadth of job opportunities that exist. Here are some of the more common jobs in PL insurance:
- Insurance underwriters evaluate insurance applications and decide whether to approve them. For approved applications, underwriters determine coverage amounts and premiums.
- Brokers represent consumers, not insurance companies and finds a company with the policy that best suits their needs
- Reinsurance insures the insurance company. If an insurance company has a large risk (such as a cyber policy for Microsoft) they would use a reinsurer to share the risk.
- Claims representatives work with clients to be sure that the filing is accurate and, depending on the side, determine what payout (if any) is warranted.
- Risk Managers work within a business, identifying potential risks that might negatively affect the business to determine where professional liability insurance is needed.
- Some law firms specialize in litigating cases related to professional liability.
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