For more than a century, Federated Insurance Companies has provided peace of mind to business owners through valued insurance protection.
Federated’s national headquarters is located in Owatonna, Minnesota, with a regional office in Phoenix, Arizona, and several service offices located throughout the country. Federated has more than 2,600 employees and operates in 48 states and the District of Columbia.
Today more than 400 trade associations and industry organizations recommend one or more of Federated's programs.
The company was rated A+ (Superior) by A.M. Best Company for 2010. For the latest rating, access www.ambest.com. Federated was also included in the 2010 Ward's 50 group of companies that have excelled at balancing financial safety, consistency, and performance over a five-year period (2005-2009).
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NATSO Chairman's Circle member Federated Insurance recently hosted a webinar for more than 600 business owners regarding the Patient Protection and Affordable Care Act (PPACA). Facilitated by Federated’s in-house PPACA professional, webinar participants were provided with information on the implementation of the healthcare legislation and what it could mean for the future of their own health insurance program.
When I meet with travel plaza owners to discuss the risk management culture at their businesses, I often notice a repeating pattern. They have good intentions of making employee and customer safety a priority, but their good intentions don’t always get acted upon. They cite sticking points such as:
I’m too busy.
I’m not sure how to do it.
We don’t really have any problems.
Although these reasons can indeed be legitimate, they are often excuses. And excuses, my father always taught me, are like armpits—everyone has them and they all stink.
There are basically two ways ownership of a business can be transferred – by sale or by gift/inheritance.
Successful businesses understand the importance of taking deliberate steps to minimize risk in all areas, both for customers and employees.
Business benefits from a sober work environment.
Scott Paulson, principal of Silco Oil Co., in Denver, Colo., recently implemented a drug- and alcohol-free workplace program. Paulson utilized resources from Federated Insurance, including posters, written policies and consent-to-drug-testing forms.
When insurance underwriters look at your business, they are trying to determine whether insuring your business can be profitable for their companies in the long-term. In most cases, there is no single factor that determines your operation’s acceptability or unacceptability.