Farmers Insurance Retail Sales Representative
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Overview
Job Description
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
Automate your job search with Sonara.
Submit 10x as many applications with less effort than one manual application.