Federated Insurance Reviews | Glassdoor

Federated Insurance Reviews

Updated June 24, 2017
78 reviews

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78 Employee Reviews

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Pros
  • The training program is great and the support is as well (in 14 reviews)

  • Great training for sales and you will need it because you will be 20% to 40% high all of the time (in 9 reviews)

Cons
  • Tought to move vertically without living in Owatonna MN aka Alaskka (in 3 reviews)

  • From both the underwriters and the customers (in 3 reviews)

More Pros and Cons

  1. Helpful (2)

    "Great company and great people."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Supervisor in Atlanta, GA
    Current Employee - Supervisor in Atlanta, GA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Federated Insurance full-time (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 Management

    Stay the course


  2. Helpful (3)

    "Great company to work for!"

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

    I worked at Federated Insurance full-time (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 Management

    None

  3. Helpful (2)

    "Great culture!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Field Services in Cleveland, OH
    Former Employee - Field Services in Cleveland, OH
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Federated Insurance full-time (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 Management

    It was a pleasure working for you!


  4. Helpful (3)

    "Company gives back what you are willing to put in"

    Star Star Star Star Star
    • 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 (More than 5 years)

    Pros

    * Private Learning Center that provides resources for future advancement
    * Private Gym & Fitness Classes
    * Provides a respectful work environment that cultivates team work and interdependence
    * New executive management willing to "think outside the box"

    Cons

    * Located in a small town so there is not much room for advancement unless others retire or you are willing to relocate
    * Some long time standing management heads can be set in their "old ways" of thinking and management
    * Have experience micro-managing in other departments worked in the past

    Advice to Management

    Your doing a great job! Keep freshening things up and thinking "outside the box". Federated is a great place to work for and I have enjoyed my time working for this company. You get back what you put in!


  5. Helpful (1)

    "Old timers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Risk Analyst in Owatonna, MN
    Former Employee - Risk Analyst in Owatonna, MN
    Doesn't Recommend
    Neutral Outlook

    I worked at Federated Insurance full-time (More than 5 years)

    Pros

    Great training program, family atmosphere. Good town to raise a family (Owatonna). A lot of nepotism and cronyism (positive if you are a Buxton).

    Cons

    Old boy network, Jack Welch management model (get rid of bottom performing 20% of employees whether warranted or not). Limited fresh ideas, co-signers in upper management. Limited promotion ops and functions on lower end of pay range. Manages by intimidation.

    Advice to Management

    Fresh ideas and fresh upper management.


  6. Helpful (3)

    "Friendly Office Environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Account Underwriter in Glendale, AZ
    Former Employee - Business Account Underwriter in Glendale, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Federated Insurance full-time (More than a year)

    Pros

    Great Benefits, Fair Salary, Excellent Management, Friendly Coworkers

    Cons

    Location on westside isn't for everyone

    Advice to Management

    Don't change a thing. Management has excellent communication with employees, always worked towards positive solutions for everyone.


  7. Helpful (2)

    "Very poor place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Claims in Owatonna, MN
    Former Employee - Claims in Owatonna, MN
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Many very excellent employees - small town atmospere - great town to raise kids. Good (not great)benefit package overall.

    Cons

    Culture is toxic - leadership is by fear and intimidation rather than by inspiration. There is no opportunity to rise to the senior management level for Underwriters, Claims Adjusters, HR, IT, Loss Control etc... as all major functions are headed by a Marketer or former Marketer. Employee's are viewed as a liability vs. an asset even though lip service is give to the latter concept. No true innovation is possible as senior managemt will broker no opinions or views different than their own - their attitude is "my way or the highway" (and they mean it!). Very poor communication from the top - no accountability to the owners of this "Mutual Company" who are the policyholders.

    While starting pay is on par with the competition, salary increases are difficult to obtain and measly at best. Bonus' are very small for this wealthy of a company except to a very few (senior management and a select few favorites). Lot's of cronyism and favortism - very much the typical "good old white boys club". In this organization, raises and promotions rely much more on "playing the game" and who you know than how hard you work or how good you are at your job. Performance evaluations are completed on the Jack Welch model (get rid of 10-20% each year) which is fine in a production setting where productivity is easily objectively measured, but does not work well in a company where most of the measurement is subjective (major catagories of the yearly performance review are "Passion" and "Energy" - how can you even begin to objectively measure that!). Managers of even the smallest units are forced to designate someone as "needs improvement" (a professional death sentence) without regard to whether that person exists or not.

    Advice to Management

    Internal company Board of Directors members should be replaced with external independent & objective members who will truly hold senior managment accountable and improve communications with the policyholders who "own" a mutual company as well as the employees. Add senior managment members from outside the organization to reduce cronyism and favortism and allow true innovation to ocur without fear of repercussion. Treat employee's as the "asset" they are instead of simply paying lip service to this concept.

  8. "Great commissions but terrible management. Idiots"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Representative in Birmingham, AL
    Former Employee - Marketing Representative in Birmingham, AL
    Recommends
    No opinion of CEO

    Pros

    Commissions were great but too much emphasis is put on life insurance

    Cons

    Too many management levels. Pushing paper and doing reports does not make anyone happy or make anyone money. Some programs will not work so stop trying

    Advice to Management

    Hire management from outside the company. Don't just fill spot with a warm body. Managers are idiots


  9. Helpful (1)

    "Great Employer!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriting Support Specialist in Phoenix, AZ
    Former Employee - Underwriting Support Specialist in Phoenix, AZ
    Recommends
    Approves of CEO

    Pros

    They hire with the desire that you will become part of the "family" and everyone is treated with respect. If you are looking for a company where you can make friends and no become another cog in the works...this is the place for you.

    Cons

    The company is still very small...so if you are young and looking for a wide variety of opportunities and locations to move and work in than this probably is not the best place for you. They also take allot of breaks for ice cream socials, apple pie day, etc. so if you are not in to being very social, stay away because you will not fit in (this can also be a pro if you are a social person).

    Advice to Management

    None, there company model is terrific. This is probably the absolute perfect company if not that it is too small for me and I decided not to work in the insurance industry...not my cup of tea.


  10. "Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Regional Risk Manager in Phoenix, AZ
    Former Employee - Regional Risk Manager in Phoenix, AZ
    Recommends

    Pros

    opportunity for growth, good training program, company car, good benefits with funded penson. Lots of field support when needed. annual reviews.

    Cons

    New management is hard to work with. mean to new employees and tough standards to follow for some. I wouldnt recomment this comany anymore

    Advice to Management

    Need to lay off new employees to the field a bit and provide more feedback that is positive. More field rides.


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