Working at Preferred Mutual | Glassdoor

Preferred Mutual Overview

New Berlin, NY
201 to 500 employees
1896
Company - Private
Insurance Carriers
$100 to $500 million (USD) per year
Preferred Mutual Insurance Company provides property and casualty insurance coverage to more than 250,000 individual and business customers through a network of more than 500 independent agents throughout New York, New Jersey, Massachusetts and New Hampshire. In business since ... Read more

Mission: We strive to provide you with the ability to live confidently, to Live Assured.

Company Updates

  • 2019 is off to a great start! Check out a few events that our staff members truly enjoyed participating in these past few months!

  • Preferred Mutual employees participated in a gingerbread house making contest this week!

See AllSee All

Preferred Mutual – Why Work For Us?


The Preferred Mutual Fire Insurance Company of Chenango County, as it was first known, was founded in 1896 by Frank E. Holmes. Holmes modeled the company after the first insurance company in the United States, “The Philadelphia Contributionship for Insurance of Houses from Loss by Fire,” founded by Ben Franklin in 1752.

As a mutual fire insurance company owned entirely by its policyholders, the company offered broader coverage at a considerably lower cost than was charged by stock insurance companies of the time, which operated for the profit of investors. With only a skeleton management team of just three employees, including Holmes, his wife Cora, and an office clerk, Holmes introduced a new operational format by selling policies through a network of agencies.

In 1899, the offices of Preferred Mutual burned to the ground, along with 11 other buildings in New Berlin. Ironically, Holmes carried no fire insurance on his business property. Fortunately, the company was able to quickly regain its footing and began a long record of growth and profitability.

Today, Preferred Mutual Insurance Company employs more than 270 people and operates in association with over 450 independent agents located in New York, New Jersey, Massachusetts, and New Hampshire.

Artifacts from Preferred Mutual's history are on permanent loan exhibit at the Chenango Historical Society.

Working assured and valuing our people

We are able to work assured because of our people– our employees, our agent partners and our policyholders.  As such, our culture places a fundamental emphasis on the value of people.  We collaborate to ensure that our customers’ needs are being met.  We are proud of our professional work environment.  We balance innovation with personalization. 

We put people first.

Our employees are customer focused – cultivating relationships internally and externally.  We embrace the ideals of continuous improvement and development, and reward innovation and creativity.  Preferred Mutual employees are agile, business leaders with strong communication and interpersonal skills.  We employ professionals who demonstrate drive and motivation and seek solutions. 

Workplace Diversity:

Preferred Mutual is proud to be an Equal Opportunity Employer dedicated to workplace diversity.  We do not discriminate based on age, gender, ethnicity, race, religion or personal life preferences.  We provide reasonable accommodations for individual needs.  Our culture embraces a multi-generational work environment, from Millennials to Baby Boomers.

Helping our employees live assured

At Preferred Mutual, we aim to help our employees live assured with a comprehensive benefit package designed to meet their medical and financial needs. New employees are enrolled in accordance with plan provisions. Eligibility for many benefit plans is the first day of employment. The following is a list of the current benefits available to full-time employees.

Health & Welfare

  • Medical
  • Dental
  • Vision
  • Pre-Tax Insurance Premiums
  • Flexible Spending Accounts
  • Group Term Life Insurance
  • Short & Long Term Disability
  • Employee Assistance Plan    
  • Wellness Program

Paid-Time Off

  • Preferred Annual Leave (PAL)
  • Sick
  • Holidays
  • Bereavement
  • Family Medical Leave
  • Military Leave
  • Personal Leave
  • Jury Duty

Location

Upstate New York offers the best of both worlds – surrounding areas have both small town feel with only short drives to Albany, Syracuse, Boston, Montreal and NYC for convenient weekend getaways.

  •  Recreation – variety of museums, local operas, cultural experiences, DestiNY USA mall, and numerous outdoor activities, such as hiking and fishing
  • Schools – local reputable schools
  • Local Resources – visit Commerce Chenango to check out the Chenango County Relocation & Community Guide

Financial Planning

  • Deferred Savings & Profit Sharing (401K) Plan
  • Cash Balance Pension Plan
  • New York's 529 College Savings Program
  • Annual Financial Planner Services
  • Identity Theft Protection

Other

  • Gain Share Incentive Plan
  • Flexible Work Schedules & Locations
  • Employee Recognition Programs
  • Fitness Center
  • Health/Wellness Reimbursement & Incentives
  • Various Voluntary Benefit Programs
  • Employee Charitable Contribution Match for qualified organizations

Preferred Mutual Reviews

3.9
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
(no image)
Christopher Taft
32 Ratings
  • Helpful (3)

    "Great Company to Work for!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Services in New Berlin, NY
    Current Employee - Business Services in New Berlin, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Preferred Mutual full-time (More than 8 years)

    Pros

    Preferred is a great company that truly cares for its employees. This mindset starts with the CEO and senior executives and is evident regardless of the employees title. Business Services is a new group in the organization but, this group has so much potential and a great team of people working within it. There are so many opportunities for growth and development both within BSU and the company as a whole.

    Cons

    The rural location is sometimes overlooked by perspective employees but, don't let that scare you away!

    Advice to Management

    Keep doing what you are doing!

See All 44 Reviews

Preferred Mutual Photos

Preferred Mutual photo of: Employees celebrating their 5, 10, 15, etc. year anniversary with Preferred Mutual traveled to NYC on Tuesday, June 19 to watch the NY Yankees beat the Seattle Mariners!
Preferred Mutual photo of: Employees celebrating their 5, 10, 15, etc. year anniversary with Preferred Mutual traveled to NYC on Tuesday, June 19 to watch the NY Yankees beat the Seattle Mariners!
Preferred Mutual photo of: Employees celebrating their 5, 10, 15, etc. year anniversary with Preferred Mutual traveled to NYC on Tuesday, June 19 to watch the NY Yankees beat the Seattle Mariners!
Preferred Mutual photo of: Employees celebrating their 5, 10, 15, etc. year anniversary with Preferred Mutual traveled to NYC on Tuesday, June 19 to watch the NY Yankees beat the Seattle Mariners!
Preferred Mutual photo of: Employees celebrating their 5, 10, 15, etc. year anniversary with Preferred Mutual traveled to NYC on Tuesday, June 19 to watch the NY Yankees beat the Seattle Mariners!
Preferred Mutual photo of: Employees celebrating their 5, 10, 15, etc. year anniversary with Preferred Mutual traveled to NYC on Tuesday, June 19 to watch the NY Yankees beat the Seattle Mariners!
See All PhotosSee All

Preferred Mutual Interviews

Experience

Experience
100%
0%
0%

Getting an Interview

Getting an Interview
50%
50%

Difficulty

3.0
Average

Difficulty

Hard
Average
Easy
  1. Featured Interview

     

    Operations Interview

    Anonymous Employee in New Berlin, NY
    Accepted Offer
    Positive Experience
    Average Interview

    Application

    I applied through a recruiter. The process took 1+ week. I interviewed at Preferred Mutual (New Berlin, NY) in January 2016.

    Interview

    Recommended by a recruiter. The Talent Acquisition team and HR leadership were top notch. Really promoted the company, and future opportunities. Felt like they did their diligence in the industry and market.

    Interview Questions

    • Varied greatly. I felt more challenged by the questions that HR asked me then my direct hiring manager.   Answer Question
See All 2 Interviews

Preferred Mutual Awards & Accolades

  • Workplace Wellness Award, CNYBJ, 2013
  • Gold Fit Friendly Worksite, American Heart Association, 2014
  • Applied IVANS Interface Partner Award, IVANS Insurance Solutions, 2014
  • Workplace Wellness Award, CNY Business Journal, 2014
See More

Work at Preferred Mutual? Share Your Experiences

Preferred Mutual
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or