Federated Insurance: Admitted Carrier Status

Federated Insurance is an American insurance company that has been serving Canadians since 1920. It is a direct writer of property and casualty insurance products, and also offers life and disability insurance, risk management and loss prevention resources, and workers' compensation insurance. Federated Insurance is not associated with the Federated Insurance Company of Canada. The company has an A. M. Best credit rating of A+ (Superior) and is licensed to operate in 48 states with several service offices across the country.

Federated Mutual Insurance Company's history

Federated Mutual Insurance Company, also known as Federated, is an American insurance company that deals with property and casualty insurance products. It is headquartered in Owatonna, Minnesota, and has around 2600 employees, operating in 48 states.

The company's history dates back to the 1890s when retail implement dealers in Minnesota formed a successful association. In 1904, these dealers decided to reduce their insurance costs by creating their own insurance company, initially called the Minnesota Implement Mutual Fire Insurance Company. Over the years, the company changed its name a few times, eventually becoming the Federated Mutual Insurance Company.

In January 1948, Federated Mutual expanded its services by entering the casualty insurance field, becoming one of the first major companies to offer both fire and casualty insurance. The following year, in November 1949, they added accident and health coverage, providing group accident and health insurance for various trade associations and employer groups. Federated Life Insurance Company, or Federated Life, was established in January 1959.

Federated Mutual has a strong presence in the insurance industry, insuring a diverse range of industries, including auto dealers, contractors, equipment dealers, and custom cabinet and woodworkers. The company has an impressive A. M. Best credit rating of "A+ (Superior)", reflecting its financial strength and stability.

Federated Mutual is also known for its commitment to social responsibility. The company hosts an annual two-day fundraising event in St. Paul, Minnesota, for Big Brothers Big Sisters organizations, raising over $47 million to support mentoring programs. This event includes a gala with live entertainment and auctions, followed by a golf challenge at the Interlachen Country Club in Edina, Minnesota.

Industries served by Federated Mutual Insurance Company

Federated Mutual Insurance Company is an American insurance company that is a direct writer of property and casualty insurance products. It also offers life and disability insurance, risk management and loss prevention resources, and workers' compensation insurance. The company was founded in 1904 and is headquartered in Owatonna, Minnesota. With approximately 2,600 employees, it operates in 48 states and has service offices across the country.

Federated Mutual Insurance Company serves a range of industries, including:

• Auto dealers and auto parts wholesalers
• Contractors, including those specialising in building materials, hardware, electrical, plumbing, heating, and cooling
• Equipment dealers, such as agricultural, lawn and garden, and construction equipment
• Machining, plastics, and tooling shops
• Petroleum marketers and convenience stores
• Custom cabinet and woodworkers

The company has an A. M. Best credit rating of "A+ (Superior)" and has received over 500 recommendations from state, regional, and national associations and buying groups. Federated Mutual Insurance Company is also committed to social responsibility and has raised millions of dollars through fundraising events for organisations like Big Brothers Big Sisters.

Products and services offered by Federated Mutual Insurance Company

Federated Mutual Insurance Company is a US insurance company that directly writes property and casualty insurance products. It has approximately 2,400-2,600 employees and operates in 48 states and the District of Columbia, with a regional office in Phoenix, Arizona, and several service offices across the country. Federated Mutual has an A. M. Best credit rating of "A+ (Superior)".

The company offers a range of products and services, including:

• Commercial property and casualty insurance
• Life and disability insurance
• Risk management and loss prevention resources
• Workers' compensation insurance
• Estate planning and financial services
• Cyber risk insurance
• Commercial general liability insurance
• Commercial property insurance
• Commercial auto insurance
• Business interruption insurance
• Comprehensive crime coverage

Federated Mutual Insurance Company serves a variety of industries, including auto dealers, building contractors, equipment dealers, machine and tooling shops, and petroleum marketers. The company has a long history dating back to 1904, when retail implement dealers in Minnesota formed an association to reduce their insurance costs. Over the years, the company has expanded its operations and services, establishing itself as a trusted and reputable insurance provider.

Federated Insurance Company of Canada's insurance solutions

Federated Insurance Company of Canada, also known as Federated Insurance, is a Canadian insurance company that has been serving Canadian businesses for 100 years. The company is headquartered in Winnipeg, Manitoba, and has approximately 370 employees across nine offices in Canada. Federated Insurance is a wholly-owned subsidiary of Fairfax Holdings Limited.

Federated Insurance offers a range of insurance solutions to meet the unique needs of Canadian businesses. The company is committed to building strong relationships based on trust and integrity and provides direct access to its insurance specialists, eliminating the need for a middleman or broker. With a team of 150 insurance specialists, Federated Insurance works closely with businesses to provide expert advice, customised insurance solutions, expanded coverage options, and flexible payment options.

Cyber Risk Insurance:

Federated Insurance offers cyber risk insurance to protect businesses from cyber attacks, lost or stolen devices, and computer network breaches. This insurance helps businesses mitigate the financial impact of cyber incidents and ensures they have the necessary support to respond to and recover from cyber risks.

Commercial General Liability Insurance:

This insurance protects businesses from costly lawsuits and legal claims if they are found liable for bodily injury or property damage to a third party. It provides financial coverage for businesses to manage legal fees, settlements, and judgments, helping them safeguard their assets and operations.

Commercial Property Insurance:

Commercial property insurance covers the physical structure of a business, including its tools, equipment, and inventory. This insurance helps businesses protect their investments and assets in the event of fire, theft, or other covered perils, ensuring they can recover and continue their operations.

Commercial Auto Insurance:

Federated Insurance offers commercial auto insurance to cover vehicles used for business purposes. This insurance provides liability coverage for bodily injury and property damage caused by the insured vehicles. It also includes coverage for vehicle damage, ensuring that businesses can continue their operations without disruption.

Business Interruption Insurance:

Business interruption insurance provides financial protection in the event of a covered loss that interrupts a business's operations. It covers the loss of net income and continues to pay normal operating expenses during the period of restoration. This insurance helps businesses stay afloat during unexpected disruptions, such as fires or natural disasters.

Comprehensive Crime Coverage:

This insurance protects businesses from financial losses due to employee dishonesty, robbery, burglary, and hold-ups. It covers the loss of money or securities and provides protection both at and away from the business premises, helping businesses mitigate the financial impact of criminal activities.

Life, Disability, and Critical Illness Insurance:

Federated Insurance offers life insurance, disability insurance, and critical illness insurance to provide financial protection for individuals and their families. These insurance solutions ensure that policyholders and their loved ones have financial support in the event of illness, injury, or death.

Home and Auto Insurance:

Federated Insurance also provides home and auto insurance for individuals, protecting their personal assets and vehicles. These insurance policies offer financial coverage for damage to or loss of personal property, as well as liability coverage for any injuries or damage caused to others.

Federated Insurance Company of Canada tailors its insurance solutions to meet the specific needs of each business it serves. With a century of experience, the company has established itself as a trusted and reliable insurance provider in Canada.

Federated Insurance Company of Canada's process

Federated Insurance Company of Canada, also known as Federated Insurance, is a Canadian insurance company that has been serving Canadian businesses for over 100 years. The company is headquartered in Winnipeg, Manitoba, and has approximately 370 employees across nine offices in Canada. Federated Insurance is a subsidiary of Fairfax Financial Holdings Ltd. and is not associated with Federated Mutual Insurance Company.

Federated Insurance offers a range of insurance products, including commercial property and casualty insurance, life and disability insurance, home and auto insurance, and more. The company is committed to building strong relationships with its clients based on trust and integrity. When you insure with Federated Insurance, you deal directly with the company, eliminating the need for a middleman or broker.

• Initial Contact and Assessment: You will first speak with one of their industry-trained specialists, who will become your dedicated Commercial Insurance Specialist throughout the entire process. During this step, they will ask you questions to understand your business thoroughly and assess your unique needs.
• Underwriting and Analysis: The expert team of Commercial Underwriters at Federated Insurance will then review every aspect of your business. They will gather all the necessary information to create a customized, comprehensive, and affordable coverage program tailored to meet your specific needs.
• Proposal and Onboarding: Once the underwriting process is complete, your Commercial Insurance Specialist will review the proposed coverage program with you, explaining all the details and ensuring you understand your coverage. After you are satisfied with the proposal, you will sign the agreement and officially become a client of Federated Insurance.
• Ongoing Support and Relationship: Federated Insurance prioritizes building long-term relationships with its clients. Your dedicated Commercial Insurance Specialist will continue to work with you as your business evolves, ensuring that your insurance coverage keeps up with any changes. They offer direct access to expert underwriters, providing personalized experiences and proper protection for your business.

By choosing Federated Insurance, you gain access to their Risk Services team, comprising experts with decades of experience in combating risks for various business types. They provide mitigation and loss prevention strategies to help safeguard your business. Additionally, Federated Insurance offers timely claims handling, flexible payment options, and complimentary loss prevention programs.

Frequently asked questions