The Agency Producer Protégé Program is a paid internship which allows individuals working inside of the insurance industry, or seeking to enter the insurance industry, a pathway to agency ownership. This unique program is designed to provide individuals an opportunity to grow their skills and business knowledge to become a Farmers® Agency Owner while partnering with an existing Farmers Agency.

 

This is an outstanding opportunity for a self-starter who has a desire to start or acquire their own small business within 12 months! The ideal candidate must possess a high level of drive and motivation and have excellent communication and sales skills.

 

With over 90 years of experience and best-in-class training, Farmers has the knowledge to help you start up an independent business you can proudly call your own.

 

PROGRAM OVERVIEW

• The Agency Producer Protégé can learn from an experienced industry professional as well as have access to the award-winning University of Farmers®.

• When an Agency Producer Protégé meets all applicable eligibility requirements, they will have the opportunity to become an agency owner. The customary required investable asset requirements will be waived.


• Agency Producers Protégé will have 12 months to complete all eligibility requirements in place at the time, which may change from time to time in the Companies’ sole discretion.

THE PROCESS

Background Check

• Satisfactory results of background check

Licensing and Training

• Property, Casualty, Life and Health licenses prior to appointment


• Training program through the University of Farmers®

Responsibilities

• Partner with new and existing clients to understand their insurance needs


• Leverage our needs based selling approach to provide proper coverage to our insureds


• Resolve client inquiries and concerns


• Expand business reach through networking and marketing processes


• Set goals, build plans, and track your numbers.

THE BENEFITS AFTER PROTEGE PROGRAM COMPLETION

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

• Up to $7,500 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

WHERE DOES YOUR JOURNEY BEGIN?

Apply today to join other savvy entrepreneurs who are becoming Farmers Agency Owners.