Commonly asked overtime pay law questions about insurance companies:
- What Workers are Employed by Insurance Companies?
- What is the Salary Range for Insurance Company Employees?
- How Many People Are Employed Nationally by Insurance Companies?
- Where Are Most Insurance Company Workers Employed?
- Insurance Company Overtime Pay Lawsuit News
- What are the Major Insurance Companies?
- What are the Laws for Insurance Company Employee Overtime Pay?
- Is an Insurance Company Employee Entitled to Overtime Pay?
- Does an Insurance Company Have to Pay Overtime Wages to its Employees?
- Insurance Company Overtime Pay Lawyer Review
What Workers are Employed by Insurance Companies?
The largest groups employed by insurance companies include claims adjusters, claims investigators, policy processing clerks, office managers, insurance underwriters, and insurance sales agents.
What is the Salary Range for Insurance Employees?
According to the United States Department of Labor, salary estimates for occupations commonly found in insurance companies are as follows:
|Occupation||Median Hourly Wage||Mean Hourly Wage||Median Annual Wage||Mean Annual Wage|
|Claims adjusters, examiners, & investigators||$29.77||$31.02||$61,920||$64,520|
|Managers of office & administrative support||$30.11||$32.34||$62,630||$67,280|
|Insurance claims & policy processing clerks||$18.54||$19.68||$38,560||$40,930|
|Insurance sales agents||$24.00||$32.59||$49,920||$67,790|
How Many People Are Employed Nationally by Insurance Companies?
According to the United States Department of Labor, employment estimate and mean wage estimates for some common insurance company occupations are as follows:
|Claims adjusters, examiners, & investigators||193,770|
|Managers of office & administrative support||59,830|
|Insurance claims & policy processing clerks||234,990|
|Insurance sales agents||370,160|
Where Are Most Insurance Company Workers Employed?
According to the United States Department of Labor, states with the highest employment level in this industry are as follows:
Insurance Company Overtime Pay Lawsuit News
BOSTON — A former sales employee for Massachusetts Mutual Life Insurance Company recently filed a proposed class action unpaid overtime lawsuit against the insurance giant over allegations the company misclassified the plaintiff and other workers as “outside salespersons” to avoid paying these employees overtime wages.
HARTFORD — A former claims specialist working for Metlife insurance company in Bloomfield, Connecticut recently filed a class action unpaid overtime lawsuit against the nationwide insurance provider, claiming that she and thousands of other workers are owed million in unpaid wages.
RICHMOND — Six years after first filing their class action unpaid overtime lawsuit, insurance claims adjusters may finally see a payout for their back pay denied by their employer.
A group of former insurance sales agents for Ohio-based SafeAuto recently filed a federal unpaid overtime lawsuit against their employer claiming the company owes them for years of back wages.
RALEIGH — Filed in October 2015, a class action lawsuit named Boss Services Inc. as responsible for intentionally misclassifying employees to avoid employment benefits required under the Fair Labor Standards Act in addition to state and federal law.
What are the Major Insurance Companies?
There are a number of major insurance companies in the United States, which are some of the largest employers in the insurance industry. These include:
- Hartford Insurance Group
- Hanover Insurance Group
- Progressive Insurance Group
- Liberty Mutual Insurance Group
- Farmers Insurance Group
- Berkshire Hathaway Insurance Group
- Allstate Insurance Group
What are the Laws for Insurance Company Employee Overtime Pay?
Under the Fair Labor Standard Act (FLSA), many insurance company employees are non-exempt and therefore entitled to overtime pay. This includes employees like insurance adjusters and insurance sales agents, in many cases.
If an employee is non-exempt under the FLSA, the law requires that they are paid overtime wages of one and one-half times their regular rate of pay for every hour past 40 in one week.
However, other employees are exempt from being paid overtime by the insurance company. The FLSA mandates exemptions for certain employees who are considered “administrative” or “professional” employees.
These exemptions generally include insurance investigators, for example.
However, exemption under the FLSA is not determined solely based on job title. It is dependent on job description, job duties, rate of pay, and hours worked.
Employers often deny or unlawfully refuse to pay overtime by misclassifying the positions of the workers, claiming that they are exempt when, in reality, they are not. These are violations of the Fair Labor Standards Act (FLSA) and can give rise to an overtime pay lawsuit.
Is an Insurance Company Employee Entitled to Overtime Pay?
Insurance company employees are often required to work more than 40 hours a week, dealing with clients and legal matters. As a result, many insurance company employees are entitled to overtime pay.
This excludes upper management and some other employees, like insurance investigators, who may fall under the FLSA’s “professional” or “administrative” exemptions.
Determining whether a particular employee is entitled to overtime pay is a complex question: many factors go into the decision, and your state’s laws may complicate the issue. That is why it is important to consult with an experienced overtime pay attorney about your case.
An attorney will be able to analyze your case in the context of the FLSA and your state’s laws to determine if you are due overtime wages from the insurance company.
Does an Insurance Company Have to Pay Overtime Wages to its Employees?
Yes, in many cases an insurance company is required to pay overtime wages to employees that work more than 40 hours in one week.
This excludes employees who are considered exempt under the FLSA. Exemption varies from employee to employee, but it is not determined by your job title. Rather, exemption is determined by job duties, wages, and hours worked.
If you believe the insurance company you work for owes you overtime pay, it is best to consult an attorney who has experience with the FLSA and state overtime wage laws.
To determine whether you are eligible for filing a wage claim, contact our experienced Insurance Company Overtime Pay Lawyers at (855) 754-2795 for a Free Consultation to discuss your case or complete the Free Unpaid Overtime Case Review Form on this page. We will discuss your situation and determine if you have a claim. If you are owed unpaid wages, we will represent you under our No Fee Promise, which means there are never any legal fees or costs unless you receive a settlement.