Agency Owner | Farmers Insurance
Job Description
Agency Owner | Farmers Insurance
Employment Type: Full-Time / Business Owner (Contractor)
Compensation: Commission + Residuals + Performance Bonuses
The Opportunity
Are you an entrepreneurial leader looking to build a legacy? As a Farmers Insurance Agency Owner, you aren't just taking a job—you are launching a business. You will have the unique opportunity to represent a household brand while maintaining the freedom of an independent business owner.
With Farmers, you have the backing of a world-class training program (University of Farmers®) and a diverse product portfolio including Auto, Home, Life, and Commercial insurance.
Key Responsibilities
- Business Development: Develop and execute marketing strategies to identify new leads and grow your book of business.
- Team Leadership: Recruit, train, and inspire a team of licensed sales and service professionals.
- Strategic Advisory: Conduct comprehensive "Farmers Friendly Reviews" to ensure clients have the right coverage for their life stages.
- Community Integration: Act as a local brand ambassador through networking, sponsorships, and local events.
- Operational Excellence: Oversee the daily financial and administrative health of your agency office.
Qualifications & Requirements
- Licensing: Ability to obtain (or currently hold) Property & Casualty, Life, and Health insurance licenses.
- Financial Standing: Minimum of $100,000 in liquid assets (for the Retail program) and a favorable credit/criminal history.
- Experience: Proven track record in sales, management, or business ownership is highly preferred.
- Attributes: A "self-starter" mindset with the resilience to build a business from the ground up.
Why Join Farmers?
- Ownership Interest: You own the economic interest in your business. You can sell your agency or pass it on to a family member.
- Residual Income: Earn a percentage of every policy renewal. This creates a "snowball effect" of recurring revenue over time.
- Support & Training: Access to a dedicated District Manager and staff to help you navigate the startup phase.
- Signing Bonus: Qualified candidates may receive a $5,000 signing bonus and enhanced commission splits for the first 36 months.
The Path to Ownership
- Discovery: Initial interview with a District Manager.
- Background Check: Standard credit and criminal screening.
- Licensing: Complete state-required pre-licensing and exams.
- Business Plan: Work with us to draft a roadmap for your first 3 years.
- Grand Opening: Secure an office space and begin your journey.
Our Mission:
To help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.
Company Description
In 1928, our founders shared a dream of providing a quality insurance product at a reasonable price. In the decades that followed we’ve grown and adapted to meet the changing needs of Americans. But one constant has remained: We have an unwavering commitment to uphold our founding ideals to provide industry-leading products and first-rate services to the customers we’re privileged to serve.