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Contract Insurance Jobs in Burr Ridge, IL (NOW HIRING)

Contract Analyst

Chicago, IL · On-site

$70K - $75K/yr

The Contract Analyst provides support for multiple contract types including Professional Service ... Pet Insurance * Parking Transit * Prepaid Legal Services * Brightstar 529 College Savings Plan

Contract Analyst

Chicago, IL · Hybrid

$71K - $86K/yr

The Contract Analyst provides support for multiple contract types including Professional Service ... Pet Insurance * Parking Transit * Prepaid Legal Services * Brightstar 529 College Savings Plan

Contract Manager

Chicago, IL · On-site

$75 - $95/hr

Support negotiation of contract terms in coordination with the Legal Department, ensuring alignment with company risk tolerance, insurance requirements, and standard and fallback positions. Maintain ...

Contract Specialist

Chicago, IL · Hybrid

$75K - $115K/yr

Bachelor's degree required, preferably in business, insurance, engineering, law, or a related field. * Minimum of 5 years of experience drafting, negotiating, analyzing, and interpreting contract ...

Contract Specialist

Chicago, IL · On-site

$75 - $115/hr

Bachelor's degree required, preferably in business, insurance, engineering, law, or a related field. * Minimum of 5 years of experience drafting, negotiating, analyzing, and interpreting contract ...

Contract Administrator

Chicago, IL · Hybrid

$75K - $115K/yr

We are currently seeking a Contract Administrator! Essential duties and responsibilities for the ... Life & Accident Insurance * Disability Coverage * Employee Assistance Program (EAP) * Back-Up ...

New

Contract Administrator

Chicago, IL · Hybrid

$75K - $115K/yr

We are currently seeking a Contract Administrator! Essential duties and responsibilities for the ... Life & Accident Insurance * Disability Coverage * Employee Assistance Program (EAP) * Back-Up ...

New

Contract Specialist

Chicago, IL · On-site

$75K - $115K/yr

Bachelor's degree required, preferably in business, insurance, engineering, law, or a related field. * Minimum of 5 years of experience drafting, negotiating, analyzing, and interpreting contract ...

Contract Specialist

Chicago, IL · Hybrid

$75K - $115K/yr

Bachelor's degree required, preferably in business, insurance, engineering, law, or a related field. * Minimum of 5 years of experience drafting, negotiating, analyzing, and interpreting contract ...

Contract Administrator

Alsip, IL · On-site

$60 - $95/hr

... of Insurance as needed for projects · Apply for Bid Bonds and Project Bonds as needed · Ensure ... compare contract documents to the dollar amount entered in the account system and resolve any ...

Contract Administrator

Evanston, IL · On-site

$90 - $130/hr

Certified Professional Contract Manager (CPCM) is also preferred, * 3-5 years' experience in ... insurance requirements, limitations of liability, force majeure, cancellation and dispute ...

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Contract Insurance information

What is contract insurance?

Contract insurance is a type of insurance policy designed to protect parties involved in a contractual agreement from financial losses due to specific risks outlined in the contract. This coverage typically addresses issues such as non-performance, damage, or loss that may occur during the execution of a contract. Businesses often use contract insurance to manage risks and ensure all parties fulfill their obligations. It can be customized depending on the nature of the contract and the potential risks involved. Contract insurance provides peace of mind and financial protection for both contractors and clients.

What are the key skills and qualifications needed to thrive as a contract insurance specialist?

To thrive as a Contract Insurance Specialist, you need in-depth knowledge of insurance policies, risk assessment, and contract law, often supported by a bachelor’s degree in business, finance, or a related field. Familiarity with insurance management software, policy administration systems, and relevant certifications such as CPCU or ARM is highly beneficial. Exceptional attention to detail, negotiation skills, and strong interpersonal communication set top performers apart in this field. These skills ensure accurate policy management, effective risk mitigation, and successful client relationships in a complex regulatory environment.

What are some common challenges faced by professionals working in contract insurance roles?

Professionals in contract insurance often navigate complex policy language, ensuring that contracts accurately reflect coverage needs and compliance requirements. Managing multiple clients or projects simultaneously can be demanding, especially when addressing unique risk exposures or negotiating terms with underwriters. Additionally, staying current with changing regulations and industry standards is essential for mitigating potential liabilities and providing reliable guidance. Strong attention to detail and clear communication with both clients and other stakeholders are crucial to overcoming these challenges.

What is the difference between Contract Insurance vs Insurance Agent?

AspectContract InsuranceInsurance Agent
CredentialsTypically requires licensing and insurance-specific certificationsRequires licensing and often ongoing training
Work EnvironmentUsually project-based, working with clients or companies on specific contractsOffice or field-based, selling and advising clients on policies
Employer & IndustryInsurance companies, brokers, or agenciesInsurance agencies, brokerages, or direct companies
Search & Comparison IntentUnderstanding contractual roles in insuranceSeeking insurance sales or advisory careers

Contract Insurance professionals focus on providing insurance services through specific contracts, often working on a project basis. Insurance Agents, on the other hand, sell and advise clients on insurance policies, typically working within agencies or brokerages. While both roles require licensing and industry knowledge, their work environments and career paths differ.

What are the most commonly searched types of Insurance jobs in Burr Ridge, IL?

The most popular types of Insurance jobs in Burr Ridge, IL are:

What cities near Burr Ridge, IL are hiring for Contract Insurance jobs?

Cities near Burr Ridge, IL with the most Contract Insurance job openings:

Infographic showing various Contract Insurance job openings in Burr Ridge, IL as of June 2026, with employment types broken down into 73% Full Time, 21% Part Time, and 6% Contract. Highlights an 84% Physical, 2% Hybrid, and 14% Remote job distribution.

Senior Risk Manager - Insurance and Contract Compliance

Michels

Bedford Park, IL • On-site

$120 - $180/hr

Other

Medical, Dental, Life, Retirement

Posted 18 days ago


Key responsibilities

  • Manage the team by supervising, interviewing, training, and providing feedback to employees.

  • Ensure project-specific insurance coverage and bonds are managed throughout the project lifecycle.

  • Review and evaluate construction contracts, joint venture agreements, and customer terms to identify risk exposures and insurance requirements.


Job description

Senior Risk Manager - Insurance and Contract Compliance

Improving America’s infrastructure isn’t for the weak. It takes grit, determination, and hard work to execute high impact projects. Michels Corporation engages 8,000 people and 18,000 pieces of heavy equipment in our insatiable drive to be the best. Our work improves lives. Find out how a career as a Senior Risk Manager of Insurance and Contract Compliance can change yours.

The Senior Risk Manager of Insurance and Contract Compliance has strong experience in risk management, insurance, and contract risk transfer within the heavy civil construction industry, supporting both U.S. and international operations. They are comfortable working in a fast-paced environment and have a proven track record of overseeing contract compliance, managing surety programs, coordinating project-specific insurance coverage, and handling insurance requirements across multiple countries and jurisdictions.

This role requires prior experience in the construction industry.

  • We are consistently ranked among the top 10% of Engineering News-Record’s Top 400 Contractors
  • Our steady, strategic growth revolves around a commitment to quality
  • We are family owned and operated
  • We invest an average of $5,000 per employee on training each year
  • We reward hard work and dedication with limitless opportunities
  • We believe it is everyone’s responsibility to promote safety, regardless of job titles
  • We offer a comprehensive benefits program including (depending on your positions and location you may participate in a different benefit plan):
  • Health, Dental, Life, Flexible Spending Accounts, Health Savings Account, Short Term and Long-Term Disability Insurance, 401(k) plan, Legal Plan, and Identity Theft and Monitoring Plan

Why you?

  • You thrive in fast-paced environments under tight deadlines
  • You relish new challenges and evolving technology
  • You enjoy collaborating and communicating with your teammates
  • You like to know your efforts are noticed and appreciated
  • You have strong communication skills
  • You deliver exemplary customer service through interactions with others

Responsibilities:

  • Directly manage the team. Carry out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing and training employees, planning, assigning and directing work; providing feedback; addressing complaints and resolving problems
  • Ensure that all project specific insurance coverage and bonds are managed throughout the lifecycle of the project, the respective extended reporting period and/or completed operations period
  • Review and evaluate domestic and international construction contracts, joint venture agreements, and customer terms to identify risk exposures, contractual obligations, insurance requirements, and risk transfer opportunities
  • Handle key aspects of initial contract review including identifying benefits and potential disadvantages and coordinating legal and insurance review of contract terms and conditions
  • Procure appropriate contract specific insurance coverages to comply with contract insurance requirements, joint venture bids, builders risk insurance and accompanying certificates of insurance
  • Review insurance coverage issues related to construction contracts, lease agreements, subcontract agreements and consultant agreements with Corporate Legal, Division Operational Management and Construction Project Management

Qualifications:

  • Bachelor’s Degree and 10+ years of related experience, or an equivalent combination
  • Proficient in Microsoft Office Suite
  • Experience supporting international construction projects and multinational insurance programs (desired)
  • Professional designations such as CPCU, ARM, CRIS, or equivalent risk management and insurance certifications (desired)
  • Must possess a valid driver license for the type(s) of vehicles which may be driven and an acceptable driving record as determined by the Michels Review Team

This information reflects the anticipated base salary for this position based on current market data. Minimums and maximums may vary based on location. Actual pay will be adjusted based on individual’s skills, experiences, education, and other job-related factors permitted by law.

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