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Federated Insurance

Engaged Employer

Federated Insurance reviews

4.5

90% would recommend to a friend

(131 total reviews)
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Nicholas Lower

93% approve of CEO

89% positive business outlook

Reviews by job title

131 reviews

Reviews about "Compensation"

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3.0
Jul 9, 2015
Recommend
CEO approval
Business Outlook

Pros

Good training and support. Excellent for learning the industry and honing skills. Sales incentives are nice and unlimited earning potential is there (kind of).

Cons

Limited market which leads to limited opportunity in certain areas (look for turnover). High end value oriented which means your prices are higher than everyone. This is not a good scenario when businesses are not flourishing do to economic pressure. Corporate attitude is a bit greedy towards the customer - will max out debits to get more premium on loyal accounts regardless of any claims history (I saw 30% - 75% increases at times on accounts with zero claims). The health insurance is absolutely horrible in some areas. Basically self insured with a card that says you have coverage (not in all states). The expense reimbursement program is a sham. They take money from your regular pay and force you to fill out reimbursement forms to get it back. If you don't have enough expenses then you LOSE your money! It forces people to LIE on their forms so then can get their own money back. It benefits the corporation so they do it anyway. TONS of pressure to sell life and disability insurance. It became the primary focus for most of the year and was very stressful.

4.0
May 20, 2015
Recommend
CEO approval
Business Outlook

Pros

Compensation, flexibility, base salary, commission structure, protected territory, training program. Great product, selling directly to A level business owners. Dealing with them protecting their business in all facets of risk management. 85k first year average, 162k company average. The structure is there, training and support is there, need to go do your job.

Cons

First few months on job can be tough. Will face rejection. Must build quality relationships and have thick skin at first. The rewards are there.

1.0
May 15, 2015

Claims Analyst

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good experience can be gained here as they have a good training program. After you complete the program and are hired, it is easy to be hired by another company for more pay and better working environment.

Cons

Terrible management. Some of the management that have been there for years do not have the updated training to do their job properly. No recognition for a job well done, ever. Constant criticism to everyone about how to do your job differently.

Viewing 115 - 117 of 131 Reviews

Glassdoor has 409 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.