Which profession close to engineer has the cheapest insurance?

facade

bigadaj wrote: »

Nun?

Basket of kittens optional.

I'd have thought Nun with basket of kittens is right next to bomb disposal as an occupation, judging by how many get run over

dacouch

Mercdriver wrote: »

Well to answer your question simply, the cheapest profession to apply is the actual one. Use an incorrect one and be caught out by the insurance assessors who make commission on what isn't paid out and you will find it very expensive in the event of a claim.

Ironically due to the topic of the thread this is not actually correct.

A Loss ASSESSOR is employed by the policyholder (Generally on larger or more complicated claims) and either receives a percentage of the total amount of the claim or a set fee / hourly rate.


A Loss ADJUSTER (Normally) works for the Insurer and is paid a set fee per job or an hourly rate. They do not get paid a commission on how much they don't pay out.

There are Loss Adjusters who may be paid a commission on claims where they are investigating fraudulent claims although these are often Claims Investigators typically ex police force.

Adjusters are normally qualified professionals who like most professionals like to do their job properly so ensuring they pay out what the customer is entitled to under the policy terms. They don't receive a commission but there some Insurers who may not renew the adjuster's employers contract if they are overly generous, so some will feel pressurised to keep claims costs down by their employers.