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What is the Salary Range for Commercial Underwriters?

Summary:Commercial underwriters in the US make an average base pay of $68,444 per year, but salaries can range from $46,000 to $102,000 depending on experience, location, and company.

Commercial underwriters are professionals who assess and evaluate the risk of insuring businesses and organizations. They play a critical role in the insurance industry, and their salaries vary depending on several factors. In this article, we'll explore the salary range for commercial underwriters and some factors that affect their pay.

Salary Range for Commercial Underwriters

According to Glassdoor, the average base pay for a commercial underwriter in the United States is $68,444 per year. However, salaries can range from $46,000 to $102,000 per year, depending on the experience, location, and company. In addition to the base salary, commercial underwriters may receive bonuses, commissions, and other benefits.

Factors That Affect Salary

Experience: Commercial underwriters with more experience in the field tend to earn higher salaries. Entry-level commercial underwriters earn an average of $52,000 per year, while those with ten or more years of experience can earn over $100,000 per year.

Location: The salary range for commercial underwriters varies depending on the state and city. Commercial underwriters in high-cost cities like New York, San Francisco, and Washington, D.C., tend to earn higher salaries than those in smaller cities.

Company: The salary range for commercial underwriters can also vary depending on the company. Large insurance companies and financial institutions tend to pay higher salaries than smaller firms.

Skills and Certifications: Commercial underwriters with specialized skills and certifications, such as Certified Insurance Counselor (CIC) or Chartered Property Casualty Underwriter (CPCU), may earn higher salaries than those without these credentials.

Tips for Choosing the Right Insurance

To choose the right insurance, you should consider your needs and budget. Here are some tips to help you make the right decision:

Assess your risk: Before buying insurance, assess your risk and determine the coverage you need. Consider factors like your health, age, occupation, and lifestyle.

Compare prices: Shop around and compare prices from different insurance providers. Look for discounts and other cost-saving options.

Read the policy: Read the policy carefully before signing it. Make sure you understand the coverage, exclusions, and deductibles.

Review your policy regularly: Review your policy regularly and make changes as needed. Update your coverage if your circumstances change.

Insurance Case Study

John is a small business owner who runs a retail store. He recently suffered a loss due to a fire in his store, which caused significant damage to his inventory and property. Fortunately, John had purchased commercial property insurance, which covered the repair and replacement costs.


Commercial underwriters play a crucial role in the insurance industry, and their salaries vary depending on several factors. When choosing insurance, it's essential to assess your risk, compare prices, read the policy, and review it regularly. By following these tips, you can make an informed decision and protect yourself and your business.

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