Insurance Agency

District 79 Agent Meeting 2016

Initial Fee:N/A

Capital Req'd:$50,000

Insurance Agency

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Startup Description

Farmers Insurance has several agency ownership opportunities in the El Paso, Texas area. To help agencies grow and thrive, Farmers Insurance agents enjoy the use of sales systems, customer retention and cross-sell systems, individualized training and many other resources. All agency owners are their own boss and have mentor-mentee relationship with their district manager.

Detailed Information

Existing Units:
1
Facilities:
New agents can establish an agency office in the El Paso area. Once approved by corporate specialists to prevent over saturation, agents have access to financial assistance to make the office set up process less stressful.
Competition:
All agents have access to Farmers Smart Plan Home which has robust coverages and highly competitive pricing. The Smart Plan Auto product has many discounts to help make it very attractive. With only a small percentage of market share, the opportunities for growth are significant.
Explanation of Fees and Payments:
The initial capital required must be liquid and will be used to establish an agency for office expenditures, staffing and marketing.
Support & Training:
Most of the training is done in El Paso. There is online training that must be completed plus small group and one-on-one training as well. All new agency owners spend four and a half days at the University of Farmers early in their career. However, training and support is ongoing throughout an agent's career to help keep them up to date and relevant.
Business Website:
http://recruitment.farmers.com/district-manager-locator/tx/el-paso/jaime-vela?S

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Startup Listed By:
Kimby Dang

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