Federated Insurance Reviews | Glassdoor

Federated Insurance Reviews

Updated July 5, 2017
78 reviews

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3.5
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Jeffrey E. Fetters
48 Ratings

78 Employee Reviews

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  1. "Commercial Underwriter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter in Glendale, AZ
    Former Employee - Underwriter in Glendale, AZ
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Federated Insurance full-time (More than 3 years)

    Pros

    Great training program for those without any insurance experience.

    Cons

    Company is run like the Government with very little room for growth and employees are not rewarded for work product or creativity.

    Advice to Management

    Trust your employees to do their job and make sure to reward the ones who do a great job and don't be afraid to move on from employees who aren't carrying their weight.


  2. "Good starter company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Representative in Denver, CO
    Former Employee - Marketing Representative in Denver, CO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Federated Insurance full-time (More than 3 years)

    Pros

    Flexible hours, good commissions, decent pay

    Cons

    The company doesn't care about its producers unless you are 10 years in. You are always disposable and they make it known that if you have one off year they'll be searching for your replacement. They can also re-align and cut your territory anytime they want. That means you can build a big book of business with good renewal commission only to have it cut out from under you.

    Advice to Management

    Stop micro-managing people and forcing them relentlessly to sell life insurance. Your employees will be happier. Also your Chairman's Council Trips are like a cult experience so maybe give people bonuses instead of forcing them and their spouse to come to have Federated stuffed down their throats for a week.

  3. "Great opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Representative in Omaha, NE
    Current Employee - Marketing Representative in Omaha, NE
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federated Insurance full-time (More than a year)

    Pros

    Create your own success, work out of your house, unbelievable benefits and compensation

    Cons

    It's hard work no doubt about it.

    Advice to Management

    None, keep doing what you are doing!


  4. "Marketing Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Representative in Birmingham, AL
    Current Employee - Marketing Representative in Birmingham, AL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federated Insurance full-time (More than a year)

    Pros

    Ideal environment for individuals that are entrepreneurial and want to have their own venture without the risk of truly starting your own business. Off the charts pay as well as incentive trips

    Cons

    VERY competitive - perform or give your opportunity to someone else type of culture. Long hours...but when you're enjoying competing...it doesn't feel like it


  5. Helpful (4)

    "Marketing Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Marketing Representative in Phoenix, AZ
    Current Employee - Marketing Representative in Phoenix, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    You get to sell the best insurance product available for petro marketers, equipment dealers, auto dealers, contractors, machine shops, and print shops. The company provides excellent training, and pays very well.

    Cons

    This job requires a ton of work. In the marketing role you act as a consultant more than a salesperson. Federated requires that you see each client 4 times per year to discuss succession planning and risk management--- some really enjoy this aspect of the job, others would prefer to free to sell and cultivate new accounts.


  6. Helpful (6)

    "Overall, decent experience."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - SIU/CLAIMS Supervisor in Bedford, TX
    Former Employee - SIU/CLAIMS Supervisor in Bedford, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Federated Insurance full-time (More than 10 years)

    Pros

    Excellent training program. Good people in alot of the different service offices. Decent bonuses and paid time off. The do appear to be family oriented.

    Cons

    Good ole boys club. Difficult to advance. Expectations are too high, lots of stress and employees are overworked. Management does not listen.

    Advice to Management

    Value your employees, don't just preach it.


  7. Helpful (6)

    "Great Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Owatonna, MN
    Current Employee - Anonymous Employee in Owatonna, MN
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federated Insurance full-time

    Pros

    Financially strong company.
    Values their employees.
    Great CEO.
    The culture is one of belonging and acceptance . . . we call it the Federated family.
    Great benefits.
    Good work / life balance and Owatonna is a great place to raise a family.

    Cons

    Limited advancement opportunities, especially for women. Executive and senior leadership are all white males. I believe they recognize this issue and are working to address it but change takes time.
    Behind in technology, especially when it comes to tools for our clients.

    Advice to Management

    Our customer base and their expectations are changing and we need pick up the pace from a technology perspective or I fear we are going to slowly bleed to death.

  8. Helpful (3)

    "solid and stable"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Claims Representative in Minneapolis, MN
    Former Employee - Claims Representative in Minneapolis, MN
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Federated Insurance full-time (More than 3 years)

    Pros

    Freedom to handle claims as they come in - managers are very helpful and there is plenty of knowledge available to bounce questions off of
    good benefits
    profit sharing
    great entry level position - Federated is known & respected in the industry & working for them will move you up the ladder at other companies

    Cons

    insurance claims are tough - if you are going to handle claims this is one of the best companies to do it with

    Advice to Management

    stay steady & keep doing what you have been doing - be open to new ideas for younger generations though to make your business better than the competition


  9. Helpful (2)

    "District Marketing Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - District Marketing Manager in Green Bay, WI
    Current Employee - District Marketing Manager in Green Bay, WI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federated Insurance full-time (More than 8 years)

    Pros

    Great direction by leadership and I get the flexibility to basically run my own business. The autonomy and purpose is very rewarding.

    Cons

    We aren't as far with technology as we could be right now. It will be here soon but the wait has been awhile.

    Advice to Management

    Keep doing what you are doing, it is working!


  10. Helpful (1)

    "sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Representative in Louisville, KY
    Former Employee - Marketing Representative in Louisville, KY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Federated Insurance full-time (More than 3 years)

    Pros

    STRONG REPUTATION, TRAINING, RETIREMENT BENEFITS

    Cons

    Aggressive renewal strategies, reluctant to change, top management stagnant in their view of future


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