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Contract Insurance Jobs in Chicago, IL (NOW HIRING)

Sargent & Lundy

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 ...

Sargent & Lundy

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 ...

Covista

Contract Specialist

Lisle, IL · Hybrid

$42K - $75K/yr

Analyzes contract management needs, communicates/negotiates where appropriate with Contractual ... Health, dental, vision, life and disability insurance * 401k Retirement Program + 6% employer match

Prolift Rigging

Contracts Administrator

Chicago, IL · On-site

$75K - $85K/yr

Provide guidance regarding contract requirements, risk allocation, insurance obligations, and compliance matters. * Identify opportunities to improve contract processes, workflows, reporting, and ...

Loyola University Chicago

Contract Analyst

Chicago, IL · On-site

$71K - $86K/yr

... insurance; d) publication; e) confidentiality; f) warranty; g) infringement, at a minimum. Duties/Responsibilities: * Reviews, interprets, analyzes, drafts and negotiates federal and industry ...

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Showing results 21-40

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Contract Insurance information

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How much do contract insurance jobs pay per hour?

As of Aug 22, 2026, the average hourly pay for contract insurance in Chicago, IL is $30.75, according to ZipRecruiter salary data. Most workers in this role earn between $18.50 and $32.32 per hour, depending on experience, location, and employer.

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 Chicago, IL?

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

What are popular job titles related to Contract Insurance jobs in Chicago, IL?

For Contract Insurance jobs in Chicago, IL, the most frequently searched job titles are:

What job categories do people searching Contract Insurance jobs in Chicago, IL look for?

The top searched job categories for Contract Insurance jobs in Chicago, IL are:

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

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

Contract Insurance jobs near you
Infographic showing various Contract Insurance job openings in Chicago, IL as of August 2026, with employment types broken down into 1% As Needed, 74% Full Time, 20% Part Time, and 5% Contract. Highlights an 89% Physical, 2% Hybrid, and 9% Remote job distribution, with an average salary of $63,955 per year, or $30.7 per hour.

Contract Specialist

Sargent & Lundy

Chicago, IL • On-site

$75K - $115K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 19 days ago

Sargent & Lundy rating

8.4

Company rating: 8.4 out of 10

Based on 10 frontline employees who took The Breakroom Quiz

122nd of 449 rated engineering

Job description

Description
Sargent & Lundy is a global leader in power and energy consulting, recognized for its innovation, integrity, commitment to quality, and inclusive culture. We provide clients and partners across the United States and internationally with trusted, comprehensive expertise. Sargent & Lundy offers challenging work, workplace flexibility, competitive compensation, and a comprehensive benefits package.
We are seeking an experienced Contracts Specialist to join our team. This position is responsible for drafting, reviewing, redlining, negotiating, and administering engineering, consulting, and construction contracts. The ideal candidate will have strong analytical and decision-making skills, the ability to identify and mitigate contractual risk, and the ability to work effectively with executive leadership and clients. This role plays an important part in ensuring contractual documents align with the company's risk profile, business objectives, and core values.
Key Responsibilities
  • Draft, review, and revise a variety of contract documents, including non-disclosure agreements, master service agreements, engineering agreements, joint venture agreements, construction contracts, and related legal documents.
  • Negotiate contract terms and conditions in alignment with company policies, legal requirements, and risk management objectives.
  • Work closely with executive management to support business goals and ensure contractual commitments align with organizational priorities.
  • Review contractual and business risks and recommend practical solutions to reduce exposure.
  • Communicate professionally with clients and internal stakeholders while supporting strong business relationships.
  • Assist with special projects and other assignments as needed.

This position allows for a hybrid work schedule with the expectation of 3 days in our downtown Chicago, IL office and 2 days working remotely from home.
Qualifications
Required Qualifications
  • 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 documents.
  • Strong ability to assess and manage contractual risk.
  • Excellent attention to detail and organizational skills, with the ability to manage multiple priorities in a fast-paced environment.
  • Sound judgment and the ability to make administrative and procedural decisions.
  • Strong problem-solving skills and the ability to take initiative.
  • Excellent verbal and written communication skills, with the ability to explain complex issues clearly and professionally.
  • Flexibility and willingness to work on a broad range of contractual matters.
  • Ability to work independently and collaboratively as part of a team.
  • Willingness to travel occasionally, as needed.

If you are an experienced contract professional seeking an opportunity to contribute to a dynamic organization, we encourage you to apply!
We do not sponsor employees for work authorization in the U.S. for this position.
Award-Winning Benefits
At Sargent & Lundy, we care about the health and well-being of our employees. Our commitment extends beyond the workplace, offering comprehensive healthcare plans and generous paid time off to support our team members in every aspect of their lives. We understand the importance of work-life balance, which is why we are proud to provide competitive, award-winning benefits. Our dedication to employee satisfaction has earned us the prestigious Top Workplaces Culture Excellence Award for compensation and benefits in 2022, 2023, and 2024.
Health & WellnessFinancial BenefitsWork-Life Balance
  • Health Plans: Medical, Dental, Vision
  • Life & Accident Insurance
  • Disability Coverage
  • Employee Assistance Program (EAP)
  • Back-Up Daycare
  • FSA & HSA
  • 401(k)
  • Pre-Tax Commuter Account
  • Merit Scholarship Program
  • Employee Discount Program
  • Corporate Charitable Giving Program
  • Tuition Assistance
  • First Professional Licensure Bonus
  • Employee Referral Bonus
  • Paid Annual Personal/Sick Time (PST)
  • Paid Vacation
  • Paid Holidays
  • Paid Parental Leave
  • Paid Bereavement Leave
  • Flexible Work Arrangements

Compensation Range
$75,210.00 - $115,210.00
Transparency Statement
Sargent & Lundy discloses compensation ranges that comply with all local and state regulations. The total compensation package for eligible positions will include a base salary or an hourly rate and a comprehensive benefits package, reflecting our commitment to rewarding performance and supporting the overall well-being of our employees. Individuals may also be eligible to participate in our yearly discretionary bonus.
Equal Opportunity
Sargent & Lundy is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, national origin, disability status, protected veteran status, or any protected status as defined by applicable law.

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About Sargent & Lundy

Sourced by ZipRecruiter

Sargent & Lundy is one of the most experienced full-service architect-engineering firms in the world. Founded in 1891, the firm is a global leader in power and energy with expertise in grid modernization, renewable energy, energy storage, nuclear power, and fossil fuels. Sargent & Lundy delivers comprehensive project services--from consulting, design and implementation to construction management, commissioning and operations/maintenance--with an emphasis on quality and safety. The firm serves public and private sector clients in the power and energy, gas distribution, industrial, and government sectors.

Industry

Civil engineering construction

Company size

1,001 - 5,000 Employees

Headquarters location

Chicago, IL, US

Year founded

1891

Social media

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