During college, Olman was involved in student government, the Phi Delta Theta fraternity, and the Inter-College Church Council.
Building an insurance agency that represented over 3,000 families in Northwest Ohio, Olman has been recognized by State Farm by being named to the Millionaire Club every year since 1973, receiving the Legion Honor seven times, receiving the Bronze Tablet twice and has been honored nine times at national company conventions.
Olman served as a member and President of Maumee City Council for fifteen years.
Olman served as co-chairman on the House Select Committee on Ohio's Energy Policy.
Olman was also appointed to the Midwest-Canada Relations Committee of the Midwestern Legislative Conference (MLC) of the Council of State Governments, and he previously served as the co-chairman of the Joint Legislative Committee on Decentralization of State Government, helping to guide the publication of its final report in May 1998.