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RETAIL PROGRAM
The Retail program is designed to attract capitalized entrepreneurs seeking a start-up opportunity that offers financial support to help the agency owner build their business.
The Process Capital Requirement
•Minimum of $50,000, $60,000, or $70,000 based on prospective office location
•Satisfactory results of background check Licensing and Training
•Property, Casualty, Life and Health licenses prior to agent appointment
•Training program through the University of Farmers® Branded Office Location
•Office location at time of full-time appointment
•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
The Benefits Economic Interest
•Contract Value according to the terms of the appointment agreement
•Sale of Service and Commission Rights
••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
•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
•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
•Bonuses paid subject to specified maximum amounts
Our District revolves around our vision and goals. These beliefs provide us with a unified clear understanding of our purpose to help Farmers agency owners in our District. I believe that if we adhere to our vision and meet our goals, we will be successful. Learn more about what it means to join my District and the Farmers family as an agency owner today.