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Federated Insurance

Engaged Employer

Federated Insurance reviews

4.6

94% would recommend to a friend

(390 total reviews)
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Nicholas Lower

98% approve of CEO

93% positive business outlook

Federated Insurance has an employee rating of 4.6 out of 5 stars, based on 390 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Federated Insurance employee rating is 27% above average for employers within the Insurance industry (3.6 stars).

Reviews by job title

390 reviews
3.0
Feb 13, 2023
Recommend
CEO approval
Business Outlook

Pros

Federated offers a great training program, a great product and a pension plan.

Cons

Management. Pure and simple. If you are on the right side of management, you will succeed whether you deserve it or not. They ask for your opinion and if you give an honest response, you are not "supporting the company directive". The directive should just be do as we say, how we say to do it and keep your eyes down and mouth shut. You can do everything they ask of you and it still isn't good enough. They focus on the things you do wrong, versus the things you do right. Too many "does not meet expectations" and you are on your way out the door. You can meet expectations for many years, with several different managers, but you get a manager who you don't click with, good luck meeting their expectations. You know who the "chosen" employees are and you know who the "workhorse" employees are and you know the employees who are on the "hit list".

1.0
Jul 31, 2020
Recommend
CEO approval
Business Outlook

Pros

- Six figure income opportunity (even in first year) - Decent benefits - Flexible schedule (work from home)

Cons

- Executive leadership is extremely out of touch - Very unprofessional mangers, co-workers and associates - Chauvinistic culture coupled with a cult-like mentality

1.0
Apr 3, 2015
Recommend
CEO approval
Business Outlook

Pros

Great training, Great pay, Great benefits, You are provided with a lot of tools

Cons

There is a high importance to sell every line of insurance, yet Life ins is 95% of your success. Sales managers are very hit or miss. they can be your best resource/friend/asset or someone you want to crash your car with every time they ride with you. Just because your manager was good in sales doesn't not positively correlate to their skills on managing and leading others. VERY bad rates on many P&C lines of business. You are only able to write around 15-20 lines of business. You will only be competitive in around 3-5 lines of business. Also, about 5% of your quotes with be competitive. Underwriting is a pain in the butt and too strict. No exceptions made. Too micromanaged Pay structure is confusing/difficult (even for a veteran CPA) You are the CSR rep for your accounts. You collect all info, input the policy info, take pictures, send in info, help with underwriting, put the quote together, and obviously deliver/sell the policy. 10-20% in every policy every year, have fun going to bat for every client even if they are your best! Expected to sell $20k+ annual premiums to every client you have. Must sell $60k+ premium per year in Life Insurance premium (while selling all other lines of insurance) Moving to Minnesota for a year. The town sucks, the locals hate you, the employees either hate you or like you. You are in a fish bowl and people will turn you in for driving too quick or having too much fun. Welcome back to elementary school.

Viewing 7 - 9 of 390 Reviews

Glassdoor has 405 Federated Insurance reviews submitted anonymously by Federated Insurance employees. Read employee reviews and ratings on Glassdoor to decide if Federated Insurance is right for you.