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Agency Owner

2 months ago

Colorado Springs, United States Farmers Insurance 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

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.

Requirements

  • 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

Benefits

  • Build equity in your business
  • Investment Opportunities
  • Flexible Schedule
    • Health Care Plan (Medical, Dental & Vision)
    • Life Insurance (Basic, Voluntary & AD&D)
    • Training & Development