Farmers Insurance District 79

Compensation

Full Description

Take the Next Step in Your Career As a Sales Retail Agent with Farmers Insurance District 79, you will embark on a rewarding journey toward business ownership while providing exceptional insurance solutions to your clients. In this role, you will have the autonomy to manage your own agency while benefiting from the extensive support, training, and resources that Farmers offers. This is an exciting opportunity for entrepreneurial-minded individuals ready to make their mark in the insurance industry. Your responsibilities will include building strong relationships within your community, understanding each client's unique needs, and offering tailored insurance products designed to protect what matters most to them. Perhaps most importantly, you'll have the chance to develop and lead your own team, mentoring them to success in their insurance careers. Key Requirements Investment: A minimum of $100,000 in liquid capital is required. Entrepreneurial Mindset: A strong desire to own and operate your own business. Sales Experience: Previous experience in sales or customer service is beneficial but not mandatory. Communication Skills: Excellent verbal and written communication skills are essential. Leadership Ability: Strong leadership skills to build and maintain a successful team. Licensing: Must be willing to obtain necessary state insurance licenses; Farmers will provide support. Financial Acumen: A basic understanding of financial management and business operations is preferred. 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