Startup Insurance Agency Owner

Farmers Insurance

Rapid City, SD

Expired: over a month ago Applications are no longer accepted.

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.

THE PROCESS

Capital Requirement

· Minimum of $50,000

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

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

Exterior Branding Bonus

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

Signing Bonus

· $7,500 bonus following full-time appointment

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

· $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 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 three years

· Bonuses based on Life and Commercial commissions subject to specified maximum amounts

WHERE DOES YOUR JOURNEY BEGIN?

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.

Why Work Here?

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.