Important Considerations of Becoming an Adjuster
1. Financial Stability: It is a good idea to have a financial safety net in place before transitioning to insurance adjusting exclusively.
2. Marketable Skills: Assess your skills and determine if there are any good training programs, additional licenses, or certifications worth obtaining. These can help you get better deployments.
3. Networking: Building a strong professional network is crucial for finding clients and deployment opportunities. Participate in training classes, continuing education programs, and professional development events. These can help build a strong network of all kinds of people in the industry.
4. Legal Structure: Decide on your business structure (e.g., Independent Contractor, LLC) and understand tax obligations of each.
5. Pricing and Deployment Contracts: Learn the different deployment Payment Types and the benefits of each. There are benefits for type, depending on your situation.
6. Time Management: Adjusters must effectively manage their time and balance their work and personal life. This is critical to being able to do this job successfully.
7. Professionalism: Develop a personal brand of professionalism, maintain high levels of customer service, and perform quality work. These attributes attract high-quality clients and ensure the best deployments.
8. Portfolio and Resume: Showcase your work through an impressive portfolio and keep your profile updated regularly.
9. Health Insurance and Benefits: Consider health insurance, retirement plans, short and long-term disability insurance, and other benefits that traditional jobs often provide. These are important for Life Security.
10. Self-Motivation: Adjusters must be self-disciplined and motivated to succeed without a traditional office or daily work structure.
These considerations will help you make an informed decision and thrive as a Independent Insurance Adjuster.