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Agency Owner - Retail
Farmers Insurance
 
Job Location: Broken Arrow, OK

RETAIL PROGRAM

The Retail program is designed to attract capitalized entrepreneurs seeking a start-up opportunity that offers financial support to help the agency owner build their business.

The Process

Assets

  • Minimum of $50,000 in seasoned investable assets

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 fully equipped and compliant with Farmers brand standards at time of full-time appointment

Agency Staff

  • Minimum of one licensed and appointed agency staff member (with second licensed and appointed agency staff member required within six months of 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

Office Start-Up Bonus

  • $10,000 bonus for establishment of branded office location within a specified time period after appointment

Lead Generation Bonus

  • Up to $5,000 bonus for Lead Generation expenses

Monthly New Business Premium Bonus

  • Bonus opportunity based on applicable monthly new business Agent Eligible Premium for up to three years
  • Monthly bonuses paid on Life and Commercial premiums subject to specified maximum amounts

Annual New Business Premium Bonus

  • Bonus opportunity based on applicable 12-month new business Agent Eligible Premium for up to three years
  • Annual bonuses paid on Life and Commercial premiums subject to specified maximum amounts

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