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Farmers Insurance Retail Sales Representative

Farmers Insurance District 79
2 months ago
Full-time
On-site
Remote

Start Your Own Agency

The Retail program is designed to inspire ambitious entrepreneurs looking for an agency ownership opportunity, offering the essential support to help you create a lasting legacy.

If you possess an entrepreneurial spirit paired with ambition and financial resources, launching a Farmers® agency may be your ideal pathway. Farmers provides the invaluable support of a dedicated professional coach who will assist you in developing a winning business strategy. You'll benefit from comprehensive training and access to key resources, all aimed at propelling you toward success. As a motivated agency owner, you'll also have the chance to earn exciting bonus opportunities while you work to expand your business.

Requirements

Capital Requirement

● Minimum of $100,000

Background Check

● Satisfactory results of background check

Licensing and Training

● Property, Casualty, Life, and Health licenses prior to full-time appointment

● University of Farmers® training program

Branded Office Location

● Office location at time of full-time appointment

● Fully equipped and compliant with Farmers brand standards

Agency Staff

● Minimum of two licensed and appointed agency staff members at full-time appointment

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

● Bonus of up to $6,000 for initial exterior branding for an approved office location

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 Program

● Bonus paid subject to specified maximum amount

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