Startup Insurance Agency Owner
- Full-Time
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 $50,000, $60,000, or $70,000 based on prospective office location
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 one 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
· $10,000 bonus for establishment of branded office location within a specified time period after appointment
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 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?
Contact us today to join other savvy entrepreneurs who are becoming Farmers Agency Owners.
Farmers is a nationally recognized brand within the Insurance industry.
Farmers Insurance was founded in 1928 and has since grown to be one 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.
Address
Farmers Insurance
Sterling, VAWebsite
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