Startup Insurance Agency Owner

Farmers Insurance Group - Nashville, TN

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?

Apply today to join other savvy entrepreneurs who are becoming Farmers Agency Owners.

Job Type: Full-time

Experience:

  • Management: 5 years (Preferred)
  • Insurance: 2 years (Preferred)

License:

  • Property and Casualty License (Preferred)
  • Life and Health Insurance (Preferred)