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CAREER PROSPECTS
A multifaceted, highly skilled independent CAT adjuster will always be in demand. The insurance industry is leaning more and more toward using independent adjusters, so the opportunities are growing fast. Some smaller insurance companies have no claims staff at all and use independent adjusters to handle even their day-to-day files. With independent adjusters, insurers pay for adjusting per claim without the ongoing expense of salaries, benefits, expenses and infrastructure.
A career in CAT adjusting can be a great source of income—especially if you work for more than one insurance carrier and can accept assignments when they become available. Because insurance carriers don’t have time to train adjusters every time there’s a different type of disaster, they’ll continue to need trained independent adjusters.
CAT adjusting is becoming more competitive because more and more people are training for the profession every day. The more knowledge you have about different kinds of natural disaster claims—from construction processes to flood damage—the more you’ll be in demand.
A successful career as a CAT adjuster can open the door to additional opportunities. Insurance companies are filled with executives who’ve worked as independent adjusters. Their construction knowledge, insurance knowledge and customer service skills form a great foundation for management. Insurers like to hire independent adjusters as staff adjusters because they’ve already been trained and have proven skills. Others areas of opportunity include construction and disaster restoration. Both industries need people who understand how insurance and construction interrelate. New opportunities emerge every day for people with superior adjusting skills.
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