What does an insurance lawyer do?
Insurance lawyers specialize in many different types of insurance and they insurance policies are lawfully maintained. They investigate a variety of cases related to personal and corporate insurance and they gather the necessary documentation. They provide representation and advice to victims and defends involved in insurance cases. They interview witnesses and obtain evidence and reports to build their case. Insurance lawyers also oversee the process of writing new insurance policies for professional clients. They make sure the policies are legal and remove any potential loopholes.
What kind of training does an insurance lawyer need?
Insurance lawyers must have a bachelor degree and law degree from an accredited law school. All law schools require candidates to receive a satisfactory score on the Law School Admission Test (LSAT) to become admitted. Law school provides intensive classroom instruction and a variety of practical learning experiences. Most law schools require students to complete an internship prior to graduation. Many aspiring insurance lawyers complete an internship or clerkship at a law firm that specializes in insurance law to gain practical experience and establish valuable contacts. All states require insurance lawyers to become licensed to practice by passing the written bar examination. Some states also require a separate ethics examination. Insurance lawyers must complete regular continuing legal education to maintain their licenses, keep their skills current, and stay up to date on advancements and changes in the field.
What are the prospects for a career as an insurance lawyer?
Employment of all lawyers, including insurance lawyers is expected to grow about as fast as average for all professions, increasing 13% from 2008 to 2018 (1). The growing population and increase in insurance issues will drive job growth of insurance lawyers.
Job prospects are expected to be good with keen competition. Insurance lawyers with good academic records and extensive experience will have the best job opportunities.
How much do insurance lawyers make?
As of January 2009, the average annual salary for insurance lawyers is $54,000; average annual insurance lawyer salaries vary greatly on location, employer, education, experience, and benefits (2).
A career as an insurance lawyer is a great choice for people with a strong interest in insurance law. Insurance lawyers must have a solid understanding of the concepts, rules, and regulations related to insurance law and the ability to represent a variety of clients. Patience, perseverance, detail orientation, analytical thinking, and good problem solving skills are essential characteristics. Insurance lawyers must have excellent communication and interpersonal skills and the ability to work with many different people. They must be able to make effective decisions under stress and pressure.
