Agency Owner
DISCOVER A SMARTER STARTUP. There are business opportunities and then there are Farmers business opportunities. If you are an entrepreneurial-minded individual looking to build your first business and invest in yourself, becoming a Farmers® Agency Owner is one of the most exciting startup investment you can make.
With over 90 years of experience and best-in-class training, Farmers has the knowledge to help you start up an independent business you can proudly call your own.
THE PROCESS
Capital Requirement
- Minimum of $100,000
Background Check
- Satisfactory results of background check
Licensing and Training
- Property, Casualty, Life and Health licenses prior to agent appointment
- Training program through the University of Farmers®
Branded Office Location
- Office location at time of full-time appointment
- Fully equipped and compliant with Farmers® brand standards within four months of full-time appointment
Agency Staff
- Minimum of two licensed and appointed agency staff member at full-time appointment
THE BENEFITS
Economic Interest
- Contract Value according to the terms of the appointment agreement
Sale of Service and Commission Rights
- Opportunity to sell service and commission rights
Agency Start-Up Bonus
- $5,000 bonus for establishment of branded office location within a specified time period after appointment
Monthly Marketing Bonus
- $500 per month if bonus qualification goals are met
Monthly Bonus Based on Net NB Commissions
- Bonus opportunity based on applicable monthly net new business commissions and applicable production for up to three years
- Bonuses based on Life and Commercial commissions subject to specified maximum amounts
Annual Bonus Based on Net NB Commissions
- Bonus opportunity based on applicable 12-month net new business commissions and applicable production for up to three years
- Bonuses based on Life and Commercial commissions subject to specified maximum amounts
Bonus Based on Reserve or Associate Program Net NB Commissions
- One-time bonus based on net new business commissions while on the Reserve Agent Program or Associate Agent Program
- Bonuses paid subject to specified maximum amounts
WHERE DOES YOUR JOURNEY BEGIN?
Apply today to join other savvy entrepreneurs who are becoming Farmers Agency Owners.
Responsibilities:
- Sell and Solicit Farmers Products
- Actively Market in the community
- Educate clients on Insurance
- Great attitude and behavior
- Ability to build rapport with clients
- Strong negotiation skills
- Excellent written and verbal communication skills
- Work existing leads, develop new leads, schedule appointments, identify customer needs and market appropriate products.
- Establish client relationships and provide exceptional and extraordinary service.
- Ensure that all quotes, procedures and practices are compliant with the Agency and Farmers expectations.
- Work independently and with mentoring/coaching.
- Possess an upbeat, positive and enthusiastic attitude.
- Proficiency to multi-task, follow-thru and follow-up.
- Confident, self-starter who works well within a team and independently.
- Must be able to Pass a Criminal and Credit Background Check
- Agents are eligible to participate in Farmers Insurance Group benefits package
- Build equity in your business
- Investment Opportunities
- Flexible Schedule
- Health Care Plan (Medical, Dental & Vision)
- Life Insurance (Basic, Voluntary & AD&D)
- Training & Development
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