Independent field loss adjuster

Insurers and larger loss adjusting firms, and sometimes claimants or businesses that want their own independent assessment.

A fee per claim or an hourly or daily rate. Work often spikes after severe weather events and is quieter in between.

• Understanding of building, contents or motor damage
• Clear, accurate report writing
• Calm, fair dealing with stressed people
• Knowledge of insurance policies and claims

• Most firms want prior insurance, building or claims experience, so first work can take months to land
• Professional indemnity and public liability insurance, which insurers often require
• Claims handling is a regulated financial service area, so check with ASIC whether your set-up needs any licence or authorisation
• Income can be lumpy, tied to storm seasons and insurer panel arrangements
• Safe site inspections: damaged buildings, asbestos and working at height

Estimated startup costs are typically around $2,000 to $8,000, depending on your vehicle, inspection tools, software and insurance. Insurers often require professional indemnity and public liability insurance, so check what they expect.

Claims handling is a regulated financial service area, so check with ASIC whether your set-up needs any licence or authorisation. Also check insurer insurance requirements and take care with safe site inspections, including asbestos and working at height.

Estimated monthly revenue is typically around $3,000 to $12,000, depending on how much work you win. Income can be lumpy, tied to storm seasons and insurer panel arrangements, and first work can take months to land.