Federated Insurance Reviews | Glassdoor

Federated Insurance Reviews

Updated August 21, 2017
81 reviews

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3.5
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Jeffrey E. Fetters
50 Ratings

81 Employee Reviews

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  1. "Marketing Representative"

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

    I worked at Federated Insurance full-time

    Pros

    Excellent training and freedom to plan your daily activities.

    Cons

    Limited to just one territory.

    Advice to Management

    Na


  2. "Good Company Good Culture Improving"

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

    I worked at Federated Insurance (More than 5 years)

    Pros

    Great Training, Pays Claims, Good People

    Cons

    It takes them a long time to adapt, but that is @ any old / large company

  3. "Marketing Rep"

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

    I worked at Federated Insurance full-time

    Pros

    Good pay, base and commissions.

    Cons

    Lack of support, especially on administrative side. Behind the times.


  4. "Innovate, don't just re-create."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Federated Insurance full-time

    Pros

    Good benefits and pay.

    Cons

    Super conservative environment that discourages innovation and independent thought. Slow to react to market and consumer-driven changes. Ultra risk adverse that may ultimately lead to their demise. It's either the Fed-way or no way.

    Advice to Management

    Don't just listen to your employees, act on their recommendations and desires for change. Allow for more innovation - don't live in the dark ages. Be open to new ideas and different ways to respond, not just "how it's always been done."


  5. "Marketing Representative"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at Federated Insurance full-time

    Pros

    Great sales training, huge salary potential, great crm software, full pension, luxrious company trips, and family atmosphere.

    Cons

    Crazy hours for first two years, limited growth, commission caps, producers do not own the book of business.

    Advice to Management

    Allow reps to sell and maintain accounts bigger than 500 employees, and change comission cap structure.


  6. "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.


  7. "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.

  8. "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!


  9. Helpful (3)

    "company is going in a bad direction for new employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Federated Insurance full-time

    Pros

    flexible hours but Utah management doesn't understand how to allow a work life balance

    Cons

    the management has cut pay and bonuses and overworked the employees by not hiring new employees to replace retiring employees. this has hurt customer service

    Advice to Management

    being greedy may make money now but long term can be detrimental.


  10. "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


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