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Company Contact Info

  • Chicago, IL
  • Dave Franck District Manager Jennifer Calabrese Recruiter
  • Phone: (630) 340-4803

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Farmers Insurance Agency Owner

Farmers • Chicago, IL

Posted 5 days ago

Job Snapshot

Full-Time/Part-Time
Experience - None
Degree - 2 Year Degree
Insurance, Sales - Marketing, Banking - Financial Services
Insurance, Finance, Sales
Relocation - No

Job Competition

9

Applicants

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Job Description

FARMERS® is interested in entrepreneurial-minded individuals who want be their own boss and run a business with unlimited earning potential. At Farmers, we give you a unique opportunity to "Build or Buy" an agency. Not to mention the award-winning University of Farmers to help train and support you and your staff. We have agency owner opportunities in your area.


Farmers Insurance offers 4 different entry points designed for candidates of all backgrounds and skill sets:

Agency Protégé Program – For individuals who would like to gain some experience before owning their own agency. Successful candidates must be able obtain insurance licenses and will work directly with an established, successful mentoring agent for 12 months. Successful candidates will have the ability to solicit and sell insurance policies and provide customer service to policyholders. Producer must meet minimum requirements set by agency.      

Agency Acquisition Program - Acquire an existing book of business and start with a residual income right away. Agents are eligible for a $10,000 office start up bonus and an enhanced commission structure for up to 3 years.  Financing available Liquidity Required

Seed Program - There are situations where an agent must retire unexpectedly and has not had time to put a succession plan in place. In these situations, the books of business are transferred to qualified candidates. The candidate receives the benefit of immediate revenue without the cost of acquisition while Farmers preserves the existing location. The candidate will receive an existing book of business to service and cross sell as well as $10,000 in an office start-up bonus. Liquidity required

Retail Agency Program – New Agency Opportunity. $10,000 office start up bonus, $300 a month for marketing expenses and an enhanced commission structure for the first 3 years. Similar to a franchise, this is a program that is designed for experienced business owners. Individuals with a history of sales and management experience may also be a great candidate for this program. Qualified applicants would need to provide proof of liquid assets. This program offers a significantly higher than average bonus structure to offset business expenses. $70K Capital Required

Regardless of entry point here are some benefits Farmers Agents enjoy:

●  Extensive training, mentoring and support from our district office

●  Highly competitive commission, renewal and bonus structure

●  Build equity for retirement/ Contract Value

●  Flexible hours, control of your time & no working holidays

●  Group health and dental benefit plans available

●  Lead generation and marketing expense reimbursement

Job Requirements


Desired Skills and Experience

We are always on the lookout for individuals who are looking to take control of their future and if you're interested we would love to speak with you. There are a couple of things we need from you though.

●  College degree preferred, but not required.

●  Sales & customer service & management experience

●  Excellent communication skills

●  Self-motivated and goal-oriented mindset

●  Strong organizational and time management skills

●  Desire to be active in community

●  No bankruptcies within the last 12 months

●  Not more than $1000 in collections

●  Favorable criminal record with no felonies

●  Property, Casualty, Life and Health insurance licenses (or willing to obtain)

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