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Farmers Insurance of CT - Franchise
Quick Franchise Summary
Farmers Insurance is expanding in Connecticut! Farmers Agency Owners have access to over 60 products & services, from traditional products like auto and homeowners insurance to commercial, workers compensation, life insurance and financial services. They receive extensive training to help them build a strong, stable book of business.
*Please contact "Farmers Insurance of CT" to confirm the accuracy of any information provided on this page.
Farmers Insurance of CT
Business Cost, Fees & Facts for 2023
| Minimum Cash Required | $50,000 |
Available In These States:
We are currently accepting inquiries in these states:
- CT
- Overview
Overview
Farmers Insurance of CT - Franchise
The Farmers Insurance Retail Agency Owner Program:
The Retail Agency Owner Program provides special access to an expanded portfolio of benefits including:
- Start-up bonuses ($15,000 office start-up and $25,000 lead generation bonus)
- Up to $180,000 in Commission Match during the first three years
- Up to $50,000 in Early Achiever Bonus Program during the first three years
- Cross-Border licensing available
- Company approved out-placement options for both Personal Lines and Commercial Lines
The Farmers Insurance Retail Agency Owner Program is designed to give seasoned, well-capitalized professionals a turn-key system to quickly build a start-up Exclusive Agency. There are other specialized programs that give you the ability to purchase a pre-existing agency, instead of starting from scratch.
Farmers Insurance is not a Franchise Opportunity. There are No Franchise Start-up and No Royalty Fees but you still can take advantage of an established business model and training to grow your own insurance agency.
Our unique program is backed by a local Farmers Team that provide a multitude of resources in the form of Sales Managers, Marketing Specialists, Trainers, Recruiters, a Life & Financial Services specialist and Commercial Wholesaler. In addition you will have access to one of the top corporate training programs from the University of Farmers.
The Ideal Candidate:
The qualified candidate will have:
- Previous Insurance Industry or business development experience - a strong background investing in, building and managing a flourishing business venture.
- Access to working capital - $50,000 or more; ability and desire to leverage capital assets to establish a business that can provide present income and future equity value.
- Self-motivation - possesses effective time management skills and relies on themselves to accomplish important goals; able to focus on priorities.
- Strong communication skills - communicates personal perspectives, ideas and beliefs while listening and learning from others.
- Desire for financial rewards - not afraid to work hard and take risks to achieve financial success; willing to accept responsibility for personal success and failure.
- Good credit history - no chapter 7, 11, or 13 bankruptcies within the last 12 months.
- A favorable criminal, civil and driving record.