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Startup Insurance Flex Agency Owner

Farmers Insurance Bethesda ,MD
  • Posted: over a month ago
  • $42,929 to $107,323 Yearly
  • Contractor
Job Description

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 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.

FLEX PROGRAM

THE PROCESS

Capital Requirement

  • Minimum of $10,000

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®

Pre-Appointment Production Requirements

  • Bind at least 15 P&C new business policies and write at least two Qualified Life policies in the three months immediately preceding full-time appointment

Approved Office Location

  • Office location at time of full-time appointment

Agency Staff

  • Minimum of one licensed and appointed agency staff member within one year of 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

Signing Bonus

  • $2,500 bonus following full-time appointment

Exterior Branding Bonus

  • Provides initial exterior branding for approved office location up to a $6,000 maximum possible bonus amount

Bonus Based on Reserve or Associate Program Net NB Commissions

  • One-time bonus based on applicable net new business commissions while on the Reserve Agent Program or Associate Agent Program

Bonuses paid subject to specified maximum amounts

Monthly Marketing Bonus

  • $300 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 three years
  • Bonuses based on Life and Commercial commissions subject to specified maximum amounts

WHERE DOES YOUR JOURNEY BEGIN?

Contact us today to join other savvy entrepreneurs who are becoming Farmers® Agency Owners.

 

Company Description
Farmers Insurance was founded in 1928 and has since grown to be on of the country's largest home and auto carriers as well as the top specialty products carrier in the U.S. Farmers Insurance is one of the country's largest insurers of vehicles, homes and small businesses and provides a wide range of other insurance and financial services products.

Farmers Insurance

Why Work Here?

If you’ve ever dreamed about managing your own successful business, this could be the opportunity for you.

Farmers Insurance was founded in 1928 and has since grown to be on of the country's largest home and auto carriers as well as the top specialty products carrier in the U.S. Farmers Insurance is one of the country's largest insurers of vehicles, homes and small businesses and provides a wide range of other insurance and financial services products.

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