What is an "Independent Adjuster"?

An "Independent Adjuster" is typically defined as an adjuster who is not employed directly by an insurance company but is instead hired on a contract basis to evaluate and settle claims for various insurers. This distinction is crucial because it allows independent adjusters the flexibility to work for multiple insurance companies, managing claims as needed without being tied to a single employer. This provides insurers with access to specialized skills and resources without the long-term commitment of hiring full-time adjusters.

In contrast, the other definitions point toward different types of adjusters. For instance, a full-time adjuster employed by an insurer typically serves only one company, which might limit their exposure to diverse claims scenarios. An adjuster focused solely on personal claims wouldn't capture the broader range of claims that independent adjusters might experience. Finally, while part-time adjusters may work for multiple insurers, the term "independent adjuster" is specifically associated with those who operate as contractors, since they often take on claims from various insurers without a traditional employment relationship. Thus, the correct characterization of an independent adjuster clearly underscores their role and employment structure in the claims process.