Farmers Insurance – Associate Agent/Protege Producer Program - Farmers Insurance

Farmers Insurance – Associate Agent and Protégé Producer Programs:

Do you have dreams of owning your own business, but don’t have the capital necessary to start one? Do you enjoy marketing and sales? Do you like having flexibility in your schedule? Do you enjoy working with and helping people? If you answered “yes” to these questions, then these positions are for you!

FARMERS® ASSOCIATE AGENT PROGRAM OVERVIEW:

The Associate Agent Program provides business professionals seeking an entrepreneurial startup opportunity with access to a 24-month business support program and a nationally recognized brand. You will have the opportunity to work with representatives of the Companies who can help you develop additional skillsets you can leverage in your business. In addition to learning from experienced industry professionals, Associate Agents will have access to the award-winning University of Farmers® training program, which includes resources designed to help enhance knowledge and introduce tools that may help the Associate Agent grow as a business owner. If an Associate Agent meets all applicable eligibility requirements, they will have an additional agent appointment opportunity, if such an opportunity is available.

ASSOCIATE AGENT APPOINTMENT PROCESS:

Background Check

To be eligible for the Associate Agent Program, potential candidates must pass a background check in accordance with Farmers® guidelines, policies and procedures. The background check will cover three (3) major areas:

• State, Federal and County Criminal History

• Regulatory Actions

• Financial Responsibility

The candidate will need to pass all criteria in the Agency Owner Candidate Background Review Guidelines to be considered for this program.

Appointment

Prior to being approved as an Associate Agent, a candidate must be fully licensed (property, casualty, life and health licenses). There is no minimum liquid asset requirement for an Associate Agent.

If a candidate is approved, the respective district or Territory Office will submit the Associate Agent Packet (32-9499) via DocuSign®. Once Agency Services receives, reviews and finalizes the submission, a confirmation notice will be sent to the Territory Office and the district office (if applicable).

ADDITIONAL APPOINTMENT OPPORTUNITY:

Requirements

Associate Agents will have 24 months, beginning on their appointment date as an Associate Agent, to complete all eligibility requirements in place at the time to become appointed under an Agent Appointment Agreement, which may change from time to time in the Companies’ sole discretion. The Companies may communicate the applicable eligibility requirements or any changes to such requirements through bulletins, email or other media.

An Associate Agent seeking appointment under an Agent Appointment Agreement must meet the following minimum criteria to be eligible for appointment consideration:

• Active property, casualty, life and health licenses.

• Achieve $250,000 in Cumulative New Business Gross Folio Premium (GFP) within 24 months after their appointment date as an Associate Agent. The premium must be written in the Associate Agent’s producer code. Eligible New Business GFP is capped at $5,000 per policy and excludes CEA, Flood, and Kraft Lake® business. Note: If an Associate Agent is seeking appointment as a Retail agent, the Cumulative New Business GFP target will be lowered to $180,000.

• Successfully complete the University of Farmers® Associate Agent training program.

• Complete a panel interview with Farmers representatives (e.g., the Area Sales Manager and Market Leader).

FARMERS® PROTÉGÉ AGENCY PRODUCER PROGRAM OVERVIEW:

This position is designed to provide individuals an opportunity to grow their skills and business knowledge to become a Farmers® agency owner while working for an existing Farmers® agency owner. The Protégé Agency Producer can learn from an experienced industry professional as well as have access to the award-winning University of Farmers® training program that is designed to help enhance their knowledge and introduce them to tools that may help them grow as business owners should he or she one day own their own Farmers® agency. When a Protégé Agency Producer meets all applicable eligibility requirements, they will have the opportunity to become an agency owner through the Seed program, or Acquisition program if such an opportunity is available.

OPPORUNITY FOR AGENCY OWNERSHIP:

A Protégé Agency Producer seeking appointment as a Farmers® agency owner must meet the following minimum criteria to be eligible for appointment consideration:

  • Achieve $100,000 in New Business Gross Folio Premium (GFP) within 12 months
  • Successfully complete the University of Farmers® Protégé Agency Producer training program.
  • Demonstrate that the requisite New Business Gross Folio Premium is self-generated.
  • Pass an agency owner candidate background check in accordance with Farmers guidelines, policies, and procedures.
  • Interview panel with Farmers® Insurance representatives

ELIGIBILITY:

To be eligible for the Protégé 3.0 Agency Producer Program, potential candidates must pass a background check in accordance with Farmers® guidelines, policies and procedures. The background check will cover two (2) major areas:

• State, Federal and County Criminal History

• Regulatory Actions

Prior to being appointed as a Protégé Agency Producer, a candidate must obtain, at a minimum, property and casualty and life and health licenses. When a candidate’s background check is approved, the property, casualty, life, and health classes will be provided to the candidate through Exam FX® at no cost ($450 retail).

COMPENSATION:

Any working arrangements, including, but not limited to, compensation, daily duties, incentives, bonuses, etc., are strictly between the Protégé Agency Producer and the participating Farmers agency owner electing to engage them.

Phone: (970) 401-8144
Email: franklin.jjameson@farmersagency.com
Webste: https://recruitment.farmers.com/district-manager-locator/co/fort-collins/jack-jameson?SourceID=AMPL001L002&utm_source=GMB&utm_medium=Local

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