CEO Minded, Build or Buy an Agency - Farmers Insurance

Farmers Insurance, District 44-14•Atlanta, GA

5d•$48,023 - $57,834

About The Position

Farmers Insurance District 44-14 is seeking entrepreneurial professionals interested in building or buying an agency and growing a book of renewals. Farmers Agency Owners are independent business owners responsible for all aspects of agency operations, including recruiting and developing a team, driving profitable sales growth, and supporting business achievements. The district offers base salary and commissions while candidates learn, along with mentorship, training, and hands-on support. Agency owners develop their business, find a location, and open for business. A model and resources may be available to candidates who have experience scaling sales teams and capital to invest in themselves; Farmers states it charges no startup fees and is not a franchise. The path includes passing a background check, obtaining Property, Casualty, Life, and Health licenses, successfully completing the University of Farmers training program, and signing a Reserve Contract. The district also supports other licensing and certification options, including the 6, 63, SIE, and AHIP, though the first three are not required. The posting describes access to $100,000 in startup capital, a $5,000 sign-on bonus, $6,000 for marketing signs, a first-year bonus of 360% (300% quarterly and 60% paid over the following 12 months), and additional bonuses for two more years. Candidates who can demonstrate more than $500,000 in their account and want to follow a scaling roadmap may receive further corporate and district support.

Requirements

Satisfactory results on a background check.
Obtain Property, Casualty, Life, and Health licenses.
Successfully complete the University of Farmers training program.
Sign a Reserve Contract.
Demonstrate a drive for personal and financial achievement through meeting customer needs.
Have a positive presence in the local community and a desire to make a positive impact in people's lives.
Demonstrate success driving business results.
Have a strong track record of professional success.
Have the entrepreneurial ability and desire to manage one's own time and financial success.
Have the financial ability to begin and sustain a business.
Be able to organize, operate, and assume the risk of running a business.

Nice To Haves

Experience in external sales, business ownership, or management roles is ideal.
Desire and resources to scale a team and support its success.
Experience scaling sales teams and capital to invest in a business for the additional scaling model.
The posting mentions support for 6, 63, SIE, and other credentials, but says these are not required.
AHIP certification may be supported through the Medicare desk.

Responsibilities

Recruit individuals to scale the agency.
Facilitate profitable sales growth.
Nurture agency development and support business achievements.
Develop the business, find a location, and open for business.
Network and build relationships to obtain new customers and retain existing customers.
Organize and operate the business, with a focus on marketing and customer service.
Manage and scale a team, providing the support needed for team success.

Benefits

Base salary and commissions while learning.
Mentorship and hands-on support.
Top-tier training and the University of Farmers training program.
Access to $100,000 in startup capital.
$5,000 sign-on bonus.
$6,000 for marketing signs.
First-year bonus of 360%: 300% quarterly and 60% paid over the following 12 months.
Additional bonuses for two more years.
Bonus and contest opportunities, including travel incentives for high achievers.
Supportive teamwork and career growth opportunities.