From start to startup

Learn more about the journey to owning your agency.

FAQ

We know you’ll have questions along the way. We’ve gathered answers to some of the most commonly asked questions here. If you have further questions, a District Manager or Recruiter can assist you.

What are the minimum requirements for appointment as an agency owner?

  • Property & Casualty, Life &Health licensed
  • Series 6 & 63 or equivalent preferred or ability to obtain
  • Satisfactory results of background check

A business plan and proven track record are a plus. But success will ultimately depend on your leadership and communication skills, how you manage all aspects of your business, and your willingness and ability to put true passion and drive into achieving your goals.

Meet more than the minimum requirements. Give yourself the opportunity to achieve maximum success. Get started right now by clicking here to select and contact a Farmers District Manager or Recruiter.

How much can I earn?

When we say Farmers® agency owners enjoy unlimited income potential, we mean it. You’ll have the opportunity to maximize your income through your strong sales efforts, generate residual income and even earn bonuses.

Are you a transitioning veteran? Your skills can also translate into income. Farmers has an incentive bonus program that rewards you for your service.

Here are financial support opportunities Farmers offers to help agency owners succeed, which can vary by program:

  • Agency start-up bonus opportunity
  • 3 years of monthly new agent financial support bonuses
  • Opportunity to sell your agency
  • Potential contract value
  • Marketing bonus opportunity
  • Agency owners who are former military or former Farmers employees can receive up to a $6,000 bonus

Get started right now by clicking here to select and contact a Farmers District Manager or Recruiter.

How can I get started?

Easy. Just click here to go to our page for selecting and contacting a Farmers® District Manager or Recruiter of your choice. Then just follow these simple steps:

Explore: Take your time to get to know those in your area.

Select: Decide who feels right for you.

Contact: Contact them about getting a new career started!

Can I build my own agency or buy an existing one?

Farmers® wants the best and brightest to become agency owners. That’s why we offer several ways to become an agency owner. Take a look and see which program may be right for you.

  1. Retail Build Program: Our Retail program is for capitalized entrepreneurs seeking a start-up opportunity. It offers financial support opportunities to help you grow. Minimum investable assets required are $50,000.

  2. Agency Acquisitions Buy Program: Our Agency Acquisitions program offers lucrative financial incentives to capitalized external candidates who purchase service and commission rights from existing Farmers agencies. Minimum investable assets required are $50,000 in addition to the cost of acquisition.

  3. Seed Program: The Seed Program gives an eligible candidate the opportunity to establish a Farmers agency with the added benefit of being assigned service and commission rights on existing business.

Select and contact a Farmers District Manager or Recruiter who will be happy to discuss your options with you. Get started now by clicking here to select and contact a Farmers business coach of your choice.

How can I benefit from having a Farmers® business coach?

Every business owner can benefit from having someone experienced they can go to for assistance. Most leaders in any field will tell you that it is a key to achieving and maintaining success. Luckily, you get to start out right away with access to experienced industry professionals who can serve as your business coach.

Take the first step. Click here now to select and contact an experienced Farmers District Manager or Recruiter of your choice. Then just follow these simple steps:

Explore: Take your time to get to know those in your area.

Select: Decide who feels right for you.

Contact: Contact them about getting a new career started!

How long can it take to complete offered training?

The training program varies depending on the agency program you enter. If you are an experienced insurance professional, it can take as little as seven weeks to complete training. Throughout this time, you’ll have an experienced Farmers® representative to help you through the process. And while you are training, you generally can still keep your current job.

The time you invest in training can help you to grow your business. Get started now by clicking here to select and contact a Farmers business coach.

Do I have freedom to manage the agency my way?

Farmers® believes that one of the greatest powers in this world is the freedom to achieve your own success. That’s why we give you the freedom to make the most of your passion and drive—financially, professionally and socially. Along with the freedom to manage your business your way, you will have access to a knowledgeable business coach.

Successful Farmers agency owners seem to share these traits. Is this you?

  • Self-Confident
  • Optimistic
  • Strong
  • Ambitious
  • Direct
  • Hard Working
  • Compassionate
  • Social
  • Competitive
  • Financially motivated
  • Business-minded
  • Crave success
  • Extroverted
  • Self-motivated
  • Leader
  • Independent
  • Community focused
  • Appreciate freedom
  • Desire to build a legacy
  • Desire continuous learning and development
  • Proven background in building and managing a business venture

What is University of Farmers®?

The University of Farmers® has regional training facilities and has been voted the #1 training program in the nation by Training magazine. In terms of insurance education, it provides you with industry-leading training. You’ll have access to in-depth training on all aspects of insurance, our great products and ways to grow a successful agency. You can even learn from and collaborate with other agency owners. It’s a fantastic opportunity to build your network right away with other industry professionals.

Here at Farmers®, we have “10 Startup Tips from over 90 Years of Learning”. Take a look and start learning now:

  • Love what you do.
  • Take small steps.
  • Learn from the experiences of others.
  • Be your own self-promotion machine.
  • Actions speak louder than words.
  • Have a plan.
  • A great reputation is gold.
  • Establish your “A Team”.
  • Stay positive.
  • Balance passion with wisdom.

Can’t you feel the energy and motivation already? Get started now by clicking here to select and contact a Farmers District Manager or Recruiter.

Can I pass my agency on to family members?

No one in the world is more important than your family. That’s why Farmers® offers a unique program that allows you the opportunity to pass down your agency to a family member. Your Farmers District Manager or Recruiter will be happy to discuss the details with you. Get started now by clicking here.

What if I’ve never owned a small business?

Farmers Insurance® looks for professionals that are familiar with the insurance industry and are ready to put their talents to work for themselves as Farmers Insurance agency owners. Preferred candidates will have the following traits:

  • Experience and Ongoing Learning

    • Desire to build a business
    • You value knowledge, support and award-winning learning and development opportunities like those offered at the University of Farmers®
    • Worked in insurance or an insurance agency for 3+ years
  • Self-Motivation and Independence

    • You know how to set goals for you and your team and how to execute a plan efficiently and effectively.
    • You are a true leader, but recognize the value offered by an experienced professional.
    • You have the ability to identify and focus on priorities.
  • Communication Skills

    • You have the ability to inspire as well as listen and learn from others.
    • You know how to manage a team, achieve great chemistry and instill a standard of excellence.
  • Performance

    • You recognize the irreplaceable value of hard work and what it takes to achieve financial success.
    • You are willing and able to invest in your business to increase your opportunity for future gain.
    • You uphold high standard of professionalism and ethics and embrace the opportunity to become a highly-visible member of your community.

Get started now by clicking here to select and contact a Farmers District Manager or Recruiter of your choice.