Home Insurance Inspection Needed

As you are probably aware rising foreclosures, bankruptcies and white collar crime have created an demand for Field Inspectors who provide vital information by being the eyes and ears in the field.

It is important to note that a field Inspector provides a visual inspection of property or other collateral such as heavy equipment, computers, RV’s, boats, and other business related items. Interestingly these inspections are required mostly by a bank, credit union, mortgage lender or insurance company simply to to finalize or update a particular business transaction.

You will be happy to know that a field Inspector can work for several companies in this capacity doing a variety of inspections. How it works is that as an independent contractor, the inspector is outsourcing to financial institutions, which allows for a flexible work schedule.

Basic field Inspector training includes: learning about industry standards, procedures and guidelines, terminology, code of conduct, ethics, as well as residential property hazards, insurance for restaurant and franchise, or commercial leasing and collections.

Qualifications and Skills:

Many will need to have a professional insurance license such as an agent license, certified safety professional license or professional achievement or certificate such as associate in premium auditing or CPCU.

You will want to have knowledge of workers' compensation manuals along with the classification System so that you can determine and assign classification codes based on a physical inspection of insured operations. Most who do this work have an understanding of business operations necessary for assignment of appropriate classification codes. It is best to have an efficient use of MSWord or Excel for Classification Inspection Reporting.

Other spreadsheet application such as Excel for expense tracking and reimbursement will help with an inspection tracking system application.

To understand what a premium audit is it starts with a review of a policyholder’s records and operations to ensure that the coverage information is accurate. Studies show that one of the conditions of the insurance contract is to provide a complete audit to assess the insurance premium that accurately represents the proper risk exposure and the premium audit process is based on the size of the policy and the nature of the operations for a physical audit, phone audit, and mail audit.

What are the benefits of a premium audit?

Interestingly the premium audit allows for credits to be awarded and enables insurance premium to accurately reflect the exposure and reduce insurance costs of what the payroll records reflect. as in the case of overtime maintain records to show how overtime pay will separate employee and summarize the classification of work by state.

As you are probably aware the division of payroll can keep payroll records on a time basis with the hours in each classification accurate. It is important to note that subcontractors if insured, obtain a copy of the insurance certificate which is a written statement from the subcontractor for proof that the certificate on file for the auditor to review.

You will be able to receive, acknowledge, review and organize inspection assignments by city and ZIP code as well as contact employers to efficiently schedule classification inspection appointments while sending inspection appointments or announcement letters.

It will be best to conduct background research into an insured and insured operations prior to the inspection that will require one to review the employer and policy information, along with the basic or scopes manuals.

It is recommended to conduct research and prepare to determine the appropriate classification code prior to the physical inspection as well as develop a list of any exceptional questions to be asked during the physical inspection

To qualify for this type of work you will need at least a High School diploma or GED equivalent plus a minimum of eight years experience in workers' compensation, in the areas of WC field auditing, classification inspections, WC audit review, WC underwriting or WC loss prevention; or a combination of equivalent targeted experience and education.

Find jobs in Field, Field Inspection, Field Insurance, Field Insurance Inspection Companies, Home Insurance Field Inspection, Inspection, Insurance, Insurance Inspection, and Medical Insurance Field Inspection online at indeed.com or other employment boards.

Property and Casualty of the Southwest, Inc Premium Audit and Workers Compensation, General Liability and Auto Fleet Premium Audit Services. Insurance property inspection services for commercial lines and Property and Casualty Surveys of the Southwest, Inc. provides inspection and audit coverage in the States of Arizona; Nevada and New Mexico.

National Risk Services Insurance Audit and Insurance Property Residential property inspection services for commercial lines and personal whereby companies outsource the entire audit department function to company and with a primary focus on premium audit, field inspections and underwriting support services.

SEER Insurance Inspections, Inc. is an insurance field-services company, operating from plains of North America. They are an inspection company based in Aiken, SC, serving many MGAs nationwide. Specializing in commercial and personal lines loss-control inspections, dwellings, daycare centers, resident care homes, restaurants, bar taverns, retail stores, condo complexes, and pawn shops, where they can conduct telephone inspections/audits.

You will be working for companies that offer workers compensation, general liability and auto fleet audits on businesses large and small that will offer telephone audits, voluntary audits and physical audits.

Many of the audits involve inspection of accounting records including payroll journals, disbursements journals, general ledgers, social security reports, state unemployment forms or other tax reports.

Insurance Inspector Workers Compensation Classification Field Inspector job description

You will be required to interview key contacts with insured businesses and perform physical inspections to assess employer operations, then compare the operations to the workers compensation classification system for the particular jurisdiction and determine and assign the proper workers compensation classification codes.

The person hired will be responsible for ensuring the workers compensation classification system has been applied correctly at the discrete employer level to arrive at the most appropriate premium for a policy and consistency in application of the system so that the overall impact of each inspection results in the potential shifting of premium.

Other job responsibilities include providing comprehensive technical expertise in participating and testifying as an expert witness in support of the Classification System at administrative, non-judicial, or judicial proceedings, as well as identifying areas of potential class issues to support Classification analysis activities.

You will perform physical inspections of insured operations such as classification quality assurance, as well as special or customer requested to resolve a dispute, or State Special and A-Rate Inspections along with telephone inspections or surveys.

Studies show that you will need to know how to complete a classification Inspection report with the department breakdown and assign appropriate classification codes based on the results of the physical inspection that is in accordance with the basic manual rules, classification codes along with generally accepted definitions as well as state or federal law.