Farmers CT, NY, NJ, PA, MD, VA, GA, OH, IN, WI, AL, TN, IA, NE - Business Opportunity
Quick Business Summary
DISCOVER A SMARTER STARTUP. There are business opportunities and then there are Farmers business opportunities. If you are an entrepreneurial minded individual looking to build your first business and invest in yourself, becoming a Farmers® Agency Owner is one of the most exciting startup investment you can make.
Farmers CT, NY, NJ, PA, MD, VA, GA, OH, IN, WI, AL, TN, IA, NE
Business Cost, Fees & Facts for 2020
|Minimum Cash Required||$50,000|
Available In These States:
Not Available In These States:
Farmers CT, NY, NJ, PA, MD, VA, GA, OH, IN, WI, AL, TN, IA, NE - Business Information
- Economic Interest - Contract Value according to the terms of the appointment agreement
- Sale of Service and Commission Right - Opportunity to sell service and commission rights
- Agency Start-Up Bonus - $10,000 bonus for establishment of branded office location within a specified time period after appointment
- Monthly Marketing Bonus - $300 per month if bonus qualification goals are met
- Monthly Bonus Based on Net NB Commissions - Bonus opportunity based on applicable monthly net new business commissions and applicable production for up to three years and bonuses based on Life and Commercial commissions subject to specified maximum amounts
- Annual Bonus Based on Net NB Commissions - Bonus opportunity based on applicable 12-month net new business commissions and applicable production for up to three years and bonuses based on Life and Commercial commissions subject to specified maximum amounts
- Bonus Based on Reserve or Associate Program Net NB Commissions - One-time bonus based on net new business commissions while on the Reserve Agent Program or Associate Agent Program and bonuses paid subject to specified maximum amounts
- Capital Requirement - Minimum of $50,000, $60,000, or $70,000 based on prospective office location
- Background Check - Satisfactory results of background check
- Licensing and Training - Property, Casualty, Life and Health licenses prior to agent appointment and training program through the University of Farmers®
- Branded Office Location - Office location at time of full-time appointment and fully equipped and compliant with Farmers® brand standards within four months of full-time appointment
- Agency Staff - Minimum of one licensed and appointed agency staff member at full-time appointment
WHERE DOES YOUR JOURNEY BEGIN?
Apply today to join other savvy entrepreneurs who are becoming Farmers Agency Owners.