Thread by @StephenStorey

#IA

Desk adjusters usually get paid as hourly employees but you will also see desk adjusters get paid by day rate ex:  $500 per day. On rare deployments you’ll see Desk adjusters get paid per claim that is closed.

(for file review deployments you’ll also see adjusters get paid per claim that’s been completed)

Per diem is offered at some IA firms NOT ALL when an IA travels over 150 miles to work in office, this isn’t a rule however and you’ll need to confirm with the firm before you

accept the deployment if per diem is offered on the deployment ( this does not apply for remote deployments). Normally you won’t be offered per diem on field deployments but always ask when accepting your deployments

Component pay is just State Farm’s word for Fee schedule speaking of fee schedule…..

Fee Schedule for independent adjusters is a predetermined set of rates or fees that dictate the compensation they receive for their services.

It outlines the specific amounts or percentages that an independent adjuster can charge for their work on behalf of an insurance company or other clients

Per diem is offered at some IA firms NOT ALL when an IA travels over 150 miles to work in office, this isn’t a rule however

and you’ll need to confirm with the firm before you accept the deployment if per diem is offered on the deployment ( this does not apply for remote deployments). Normally you won’t be offered per diem on field deployments but always ask when accepting your deployments

Advances, again this is something that is offered at some IA firms NOT ALL for deployments I’ve seen advances range from $1000 to $1500

You’ll usually see this with in office desk deployments I haven’t seen advances in my experience as a field adjuster but you can always ask to confirm when you accept the deployment if they offer some form of advance.

With that being said, Advances are normally taken out of your first few checks.

And last but not least the question that gets asked the most do we get paid as a 1099 or W2 employee

This is a question you’ll need to ask the IA firm before you accept deployment because if they have an option for either you’ll need to get this set up with the pay roll department

If you've made it this far that means you probably have a better understanding of how we get paid as Independent adjusters

Hope this helps