Personal Training Insurance Cost in regards to Insurance Careers
What does personal training insurance cost? Consider your insurance coverage as a health booster for your personal training business as a small company owner! Insurance for personal trainers can cost anywhere from $5 per hour to $22 per month. Business Equipment Protection may be required to protect the equipment you use to train clients.
The rapid pace at which the world is changing is unreal. The current situation brought on by the COVID-19 pandemic is proof of just that. With changing times, there are observable changes in the working spectrum. Insurance Careers in Georgia are evident of that. With the changing times, we have witnessed multiple changes in insurance careers as well. These changes have shaped the careers that are available out there in the insurance world. Some of the most lucrative insurance career options available in Georgia are given below:
Personal training insurance cost: Sales Agent
Insurance Sales Agent is the most common choice for people looking to make a future in Insurance Industry. Furthermore, Cyber security insurance is something that any good insurance agent or independent insurance brokerage agent who has been selling insurance for a long time should be familiar with. Becoming an insurance agent means working hard and putting in long hours sometimes. But, insurance agents earn a handsome income. The BLS concluded in 2019 that the median annual salary of an insurance sales agent was $50,940. The lowest 10 percent earned around $28,000 while the highest 10 percent earned more than $125,500 a year. Furthermore, if you have more than one pet at home, ask your agent to find the best pet insurance for multiple pets.
Personal training insurance cost: Underwriter
An Insurance Underwriter is another career option in the insurance world. According to Investopedia, Insurance underwriters are professionals who evaluate and analyze the risks involved in insuring people and assets. An underwriter’s job is technical and analytical. They generally assess the risk for the company or insurance carrier. This job demands computational and specific software skills. They are required to collect relevant data from the applicants, put it into their software, analyze the risk involved and take specific decisions.
The underwriters earn a fairly good amount. BLS mentions that in 2019, the median wage for an insurance underwriter was $70,020. The paygrade of an insurance underwriter falls in the range of annual salaries of $42,360 to $124,320.
Personal training insurance cost: Adjuster
An insurance adjuster or insurance claims representative is responsible for adjusting between the insurance agent and the insurance company. An adjuster primarily handles and reviews the claims that the policyholder for client files. Hence, a good insurance adjuster needs to be fair and unbiased due to their nature of work. There is also a decline in demands for Adjusters.
Personal training insurance cost: Actuary
There is usually a lot on the plate of an Insurance Actuary as they have to put together information, produce viable data, and relay their findings to the insurance company. As a result, actuaries have to work with accountants, financial analysts, and market researchers to correctly forecast the future demands. Moreover, this helps the company’s longevity and profit by risk reduction and identifications of future demands.
Experts have predicted the demand for insurance actuaries to grow more than 20% in the next 10 years. Their pay grade is higher than other jobs as well. The BLS states that the 2019 median annual pay for an actuary is $108,350 which is a lot!! Furthermore, compensation varies by company; if you land a job with a good insurance firm or an insurance agent brokerage firm, you will be able to put more money in your wallet.
The pandemic has caused layoffs and slowed down the economy worldwide, it is only a matter of time before the pace picks up again and a surge for job vacancies is seen. Like the rest of the world, Insurance Careers in Georgia will also see a huge rise in demands too.