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
(no image)
Jeffrey E. Fetters
21 Ratings

Employee Reviews

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  1.  

    Very Good Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Risk Appraiser
    Current Employee - Risk Appraiser

    I have been working at Federated Insurance

    Pros

    Work/Life balance
    Set your own schedule
    Benefts

    Cons

    Pay increases are minimal
    Promotional Opportunities

    Advice to ManagementAdvice

    None

    Recommends
    Approves of CEO
  2.  

    Work hard then harder. Its a good learning experience.

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

    I worked at Federated Insurance

    Pros

    Good pay. Great training. Meet very interesting clients.

    Cons

    Whatever you do is never enough. There is sometimes a disconnect and unrealistic expectations are set.

    Advice to ManagementAdvice

    You need to understand that all territories aren't the same and other companies offer loss control services too.

    Recommends
    Approves of CEO
  3.  

    A happy home for a workaholic.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federated Insurance

    Pros

    Federated has an excellent training program for marketerers, and do a good job at keeping their people up to speed. Employee benefit programs are exceptional, and those that can make it to retirement will be very comfortable.

    Cons

    Upper management has become very inbred over the years, and the "good ol boy" system still is in place. Mr. Annexstead promoted his BFF to CEO, but remains behind the scenes making all major decisions. Many in senior management are talking the talk, but do not really have a clue about what is going on in the field. Way too much pressure to sell their profitable life insurance line, and that pressure can blur the line on ethics. Big life sales equals promotions, and many managers did not achieve success ethically.

    Advice to ManagementAdvice

    Ask for honest feedback in a "blind ballot" from employees, and then actually change based on their feedback. You would create greater employee production, happiness, and longevity.

    Disapproves of CEO
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  5.  

    Great Training-excellent opportunity for young professionals. Management is out of touch with day to day field ops.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Federated Insurance

    Pros

    Excellent training program. Provides a great foundation for an excellent career within the insurance industry.

    Cons

    A lot of emphasis on life insurance sales. Management is not realistic with majority of goals. As a sales representative, you must be borderline unethical to meet requirements.

    Doesn't Recommend
    No opinion of CEO
  6.  

    If I had a better opportunity, I would take it.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Claims Representative
    Current Employee - Claims Representative

    I have been working at Federated Insurance

    Pros

    Once you have experience in the insurance industry it is very easy to get another job in the insurance industry. Many of the skills apply to other jobs as well.

    Cons

    The biggest con was I felt there was a lot of favoritism that went on. I received only positive feedback from supervisors but was passed over for promotions more than once by those who had less experience and were working fewer hours.

    It seemed like they catered to those who talked the talk but did not walk the walk.

    Advice to ManagementAdvice

    Less favoritism, more attention to what people are actually doing rather than what they say they are doing.

    Approves of CEO
  7.  

    Federated is a solid, value driven company that allows a good marketing professional unlimited success.

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

    I have been working at Federated Insurance

    Pros

    By far the best training in the insurance industry. You will know more about insurance and selling insurance than any competitor you come accross. Very financially rewarding if you follow their business plan. The company always does the right thing. No gray areas there.

    Cons

    Federated is a mutl-line direct writer of insurance. If you cannot or will not sell life insurance, they will get rid of you.

    Advice to ManagementAdvice

    I used to think I had advice for them. But now, after being gone for a few years and having seen how well they have thrived during this financial crisis, I must say they know what they're doing. If I went back there, I would simply get behind the leadership and follow the business plan.

    Recommends
    Approves of CEO
  8.  

    Federated is a great, financially stable company to work for.

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

    I have been working at Federated Insurance

    Pros

    The pay is good. I worked out of home so you have the freedom to schedule your days. A lot of long hours and hard work. Must be motivated and a leader.

    Cons

    May not be a great fit for everyone. You work out of home and see different clients all day.

    Advice to ManagementAdvice

    Leadership is very positive and welcoming. They have all started at the bottom and worked their way up through the company- "they have been there."

    Recommends
    Approves of CEO
  9.  

    Good place to work, but practically have to devote your WHOLE LIFE to Federated

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

    I worked at Federated Insurance

    Pros

    Federated is a good company in the sense that there are great opportunities to make a lot of money if you are good at what you do and don't mind Federated being your entire life.

    Cons

    The marketing representative position is a very demanding one- demanding of your time, energy, and even your money sometimes to pay for expenses since you work out of your own home office. Very lonely job,

    Advice to ManagementAdvice

    Just because someone was a good marketing rep does not mean they will be a good manager. Encourage more balance in employees' lives and you will be able to keep people longer.

    No opinion of CEO
  10.  

    Fair and competent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Winnipeg, MB (Canada)
    Current Employee - Anonymous Employee in Winnipeg, MB (Canada)

    I have been working at Federated Insurance

    Pros

    Has a good system for financially rewarding agents. Open to suggestions and will implement if sound idea. Open to flexible work schedule

    Cons

    Limited markets at competitive rates. Slow to respond to competitor moves. Can sometimes have false sense of importance to association members.

    Advice to ManagementAdvice

    Should expand markets that we are focusing on. Need to use high profit levels to expand markets.
    Keep up the good work with compensation packages

    Recommends
    No opinion of CEO

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