Step into the role of a Farmers Insurance Retail Agent and unlock the potential to operate your own agency while benefiting from the backing and resources of one of the most esteemed insurance brands in the country. This is a fantastic entrepreneurial venture tailored for those who are driven, ambitious, and ready to create a thriving business, lead a talented team, and forge a lasting career in the insurance field.

Requirements

- Capitalization: To kickstart your agency, you'll need to have access to $100k in liquid assets.

- Entrepreneurial Spirit: We're looking for someone who's self-driven and eager to take charge of their own business.

- Sales Background: While not mandatory, experience in sales, marketing, or business development is definitely a plus.

- Communication Skills: Outstanding verbal and written communication abilities are essential for effective interaction with both clients and team members.

- Leadership Skills: You'll need strong leadership and management capabilities to nurture and develop your team.

- Licensing: You should be prepared to obtain and maintain the necessary state insurance licenses, with support and training provided by Farmers.

- Financial Acumen: A basic understanding of financial statements, profit and loss management, and business operations is important.

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

● $5,000 bonus following full-time appointment

Bonus Based on Reserve Program Net NB Commissions

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

● Bonus paid subject to specified maximum amount

Monthly Lead Opportunity Program

● Up to $500 per month in Agency Growth Program lead opportunity credits if program 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 are 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 are subject to specified maximum amounts