Federated Insurance

  www.federatedinsurance.com
  www.federatedinsurance.com
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Federated Insurance Reviews

Updated September 5, 2014
Updated September 5, 2014
39 Reviews
3.5
39 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Jeffrey E. Fetters
21 Ratings

Employee Reviews

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  1.  

    Uber conservative... At times, the company is it's own worst enemy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing Representative
    Former Employee - Marketing Representative

    I worked at Federated Insurance full-time for more than 3 years

    Pros

    Great starting place for salespersons.. After Fed training you have your pic of companies to work for
    High starting salary for Marketing Rep's (72K)
    Room for making good money depending on territory you are assigned (can also be terrible depending on territory)
    Defined territories
    Some of the best training in the industry
    Good work life balance

    Cons

    Typical "drink the cool-ade mentallity"
    At times it seems like the company doesn't actually want to write business
    Manager's are either great or terrible and micro to the n'th degree
    Mnagers almost scare marketer's into never leaving (I've never met anyone who has left Fed that is in a better place now-- this IS 100% FALSE... I am and I know plenty of people who are)
    Tought to move vertically without living in Owatonna MN aka Alaskka

    Advice to ManagementAdvice

    Get more consistent with writing business.. clients hate that one year you are the cheapest, they move business to you, and then the next year you price yourself out of the ball game bc your appetite has changed..
    Also, give marketers more broad knowledge of the industry, don't train marketers to think that all other companies are inferior bc I assure you there are some big players who focus on the competitve landscape and are killing it

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great company, great benefits, promote only from within

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing Representative  in  Owatonna, MN
    Current Employee - Marketing Representative in Owatonna, MN

    I have been working at Federated Insurance full-time for more than a year

    Pros

    Benefits and company leadership and management were all at the low end of the totem pole at one point and in the same job type as you will start in.

    Cons

    Insurance sales can be a drag and tough depending on hard and soft market types and location.

    Advice to ManagementAdvice

    Get to know new sales people and makes sure they are comfortable.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    The people make this company an alright place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Owatonna, MN
    Former Employee - Anonymous Employee in Owatonna, MN

    I worked at Federated Insurance full-time for more than 3 years

    Pros

    Flexible working schedules
    People are great
    Extensive training program
    Benefits on par with other companies
    Gym facilities
    Pension plan
    Management support (with the right managers)
    Community involved company

    Cons

    Very one track career oriented company
    Takes some time for promotions or promotions seem to be "given away"
    Pay lower than major cities
    Located in a smaller town
    Very formal company
    Strict procedures/Very set in their ways
    Not very progressive in business/technology
    Upper management will always be from a marketing/sales side of the company

    Advice to ManagementAdvice

    Be open to new ideas for doing things within the company. Expand your horizons. Invest time and energy in new views/ways of doing things to attract people.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good People, Strong Values, Proven Track Record

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Developer IV  in  Owatonna, MN
    Current Employee - Systems Developer IV in Owatonna, MN

    I have been working at Federated Insurance full-time

    Pros

    The strongest asset of any organization is its people, and Federated has very talented and wonderful people who have a great work ethic, small town "MN nice" values, and work together wonderfully to provide results year in and year out. The training and opportunities to learn and expand are as good as you'll find. The company history and values ensure employees stability and a great environment.

    Cons

    The compensation and benefits are fair, but not great. The culture is very conservative and management tends to be top-heavy across the board, however, in IS, there is limited opportunity for growth into those management positions until you've been with the company for several years.

    Advice to ManagementAdvice

    While our people, vision, and strategy are tried and true, IS needs to be looked at as more of a strategic partner rather than a cost-center and that area will need to become more innovative and current to continue to be competitive.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Stable company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Contact Center Representative  in  Owatonna, MN
    Current Employee - Client Contact Center Representative in Owatonna, MN

    I have been working at Federated Insurance full-time for more than 5 years

    Pros

    Co-workers are great. Compensation is wonderful. Incentives are good.

    Cons

    Management is uninvolved with employees. Promotions are given unfairly, it is more about who you know and who your friends with.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great opportunity, but only pays off if you stay forever

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Federated Insurance full-time

    Pros

    Very high salary
    Strong benefits
    reward success
    strong management, very clear expecations and training
    only hire within

    Cons

    Must live in Owatonna, MN to climb the ladder
    Slow moving in terms of technology

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Great company and great people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Supervisor  in  Atlanta, GA
    Current Employee - Supervisor in Atlanta, GA

    I have been working at Federated Insurance full-time for more than 5 years

    Pros

    Very conservative company. They will be around and remain a strong company for many years.

    Cons

    You have to stay here earning a slightly below average salary to get the benefit of the vesting and company funded retirement.

    Advice to ManagementAdvice

    Stay the course

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great company to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Account Underwriter  in  Owatonna, MN
    Former Employee - Business Account Underwriter in Owatonna, MN

    I worked at Federated Insurance full-time for more than a year

    Pros

    The company invests a lot in your personal and professional growth. Benefits are very good!

    Cons

    Culture may be a little resistant to change.

    Advice to ManagementAdvice

    None

    Recommends
    Neutral Outlook
  10.  

    Former risk consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Risk Consultant
    Former Employee - Risk Consultant

    I worked at Federated Insurance full-time for more than 5 years

    Pros

    They had wonderful training program for inexperienced new employees (from what I understand this has been disbanded in the past year) They have clear expectations for production.

    Cons

    They have let go half of their Field Services Department and that has caused larger territories with more production expectations on all consultants. With the layoff of experienced employees, some close to retirement, their loyalty to employees is questionable.

    Advice to ManagementAdvice

    Raise salaries to industry standards, keep a consistent marketing plan, and reduce territory sizes. A former Risk Consultant should be in upper management to advocate for employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Great culture!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Field Services  in  Cleveland, OH
    Former Employee - Field Services in Cleveland, OH

    I worked at Federated Insurance full-time for more than 5 years

    Pros

    Management is engaging and takes the time to know you as a person. The training program is excellent!

    Cons

    Federated has a long formal hiring process.

    Advice to ManagementAdvice

    It was a pleasure working for you!

    Recommends
    Positive Outlook
    Approves of CEO

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