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Business Opportunity Information for Farmers Insurance Group - Illinois

Farmers Insurance business opportunity is unique in the insurance industry for our strong focus on our customers and communities, putting customers at the center of everything we do...and we ask our agents to do the same.

Farmers Insurance Group - Illinois

Farmers Insurance business opportunity is unique in the insurance industry for our strong focus on our customers and communities, putting customers at the center of everything we do...and we ask our agents to do the same.

Send Me Farmers Insurance Group - Illinois Information

Business Opportunity Costs

  • Cash Investment: $500
  • Investment Range: $500 - $50,000
  • Business Opportunity Fees: $500

Business Opportunity Benefits

  • Training & Support: Yes
  • Financing Available: Yes

Industry Information

  • Industry: Business Opportunities
  • Business Opportunity Units: 100+

Related Industries

Check out these other industries related to Farmers Insurance Group - Illinois.

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Press Releases

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Farmers Header

IT’S A SMART BUSINESS MOVE
Owning a Farmers® agency means there’s virtually no limit to your income potential. You get ongoing
commissions for every active policy, so your income builds as you build your business. It’s one of the reasons we’ve
been a smart business choice for more than 85 years.

IT’S A SMART BUSINESS MOVE

Owning a Farmers® agency means there’s virtually no limit to your income potential. You get ongoing commissions for every active policy, so your residual income grows as you build your business. It’s one of the reasons we’ve been a smart business choice for more than 85 years.

 

WE’LL HELP YOU SUCCEED

Farmers offers a business consultant and the financial support to get started. Plus, Farmers Insurance training program, "University of Farmers", has been ranked in the top five by Training Magazine for four years.

Why be a Farmers Agent

LIFETIME CUSTOMERS ARE SMART BUSINESS

As a Farmers small business owner, you can provide information as your customers make sound decisions about coverage at every stage of their lives. And, because Farmers also provides Financial Services, you can give them options as they work to achieve their financial dreams.

What We Look For

The Candidate
  • Business minded individuals interested in building and managing a business venture
  • The desire to build or grow an existing business
  • Decisions made with ROI and cash flow in mind
Self-Motivation and Independence
  • Effective time-management skills and self-reliance to accomplish goals
  • The ability to identify and focus on priorities
Communication Skills
  • The ability to inspire as well as listen and learn from others
  • Leadership and people management skills
Performance
  • The motivation to work hard and take risks to achieve financial success
  • Willing and able to make investments into business opportunities for future gain
  • The willingness to accept responsibility for personal success and failures

The Program Options

  • Seed Program - The Seed program is a unique and powerful succession planning tool that provides the ability to transfer commission rights of existing policies to qualified external candidates. The candidate receives the benefit of immediate revenue without the cost of acquisition while Farmers preserves the existing location. The candidate may be eligible for up to a $10,000 signing bonus for marketing and office branding costs.  
  • Retail Program - The Retail program is designed to attract capitalized entrepreneurs seeking a start-up opportunity that maximizes their ROI and provides an enhanced bonus feature on commissions.
  • Agency Acquisition Program - The Agency Acquisition program provides lucrative financial incentives to capitalized external candidates to facilitate the purchase of service and commission rights to existing Farmers agencies with less than 1,000 Policies in Force.
What We Look For

We're seeking entrepreneurial-minded individuals who want to lead and build a successful business.

Since 1928, Farmers Insurance Agents have been dedicated to providing insurance services and helping people protect what matters most to them. Ranked the third-largest insurer, Farmers Agents have made Farmers an $18 billion company. Our agents have limitless earning potential!.

Supported by more than 25,000 employees, including local claims representatives, each agent has the support needed to grow, ensuring a strong legacy.

We Support Our Agents
We recognize the commitment our agents make to grow their business and support their clients; therefore, we're proud to provide them with other excellent resources & rewards, including:
  • Equity, Retirement Options & Family Takeovers
  • The ability to tap into Farmers subsidiary companies for even greater product diversity
  • Marketing and local lead generation support with advertising assistance
  • Award-winning training (Training Magazine Hall of Fame 2014)
  • Continual Professional Development in Sales, Product, Marketing and Customer Service
  • Group Health, Dental & Vision Plans available
  • Group Life Insurance
  • Awards, Recognition and Various Sales Bonuses

Special Veteran Incentives

 

If the candidate is/was:

 

  • honorably discharged within the past 10 years
  • active guard or reserve
  • retired from the military within that last 10 years

 

...they will receive:

 

  • $3,000 office start up bonus
  • $2,000 Marketing start-up package
  • $1,000 University of Farmers scholarship

Also, if they hire a staff person who meets one of the above 3 criteria as well, the candidate will receive $200/mo for 24 months to help pay that persons salary.

You might be in business for yourself, but you won't be by yourself. Joining the Farmers family means you'll get access to our extensive support network. Experienced agents and district managers will ease you in to the award-winning University of Farmers training program, where you'll learn insurance and business basics. Financing opportunities may be available for candidates in the Agency Aquisition Program. We also offer brand advertising and sales support, and help you spearhead solo marketing efforts if you so choose.We support our agents.

For more information on becoming a Farmers agent, fill out the form to the right.

PLEASE NOTE DISCLAIMER: This brand page has been paid for by Farmers Insurance Group - Illinois. Content within this page that is paid will showcase a Sponsored icon. This means the brand has engaged Franchise Clique to write the content. Content without the Sponsored Icon is either aggregated media placements the brand earned or content the brand has created on its own. Questions can be sent to info@franchiseclique.com. This information is not intended as an offer to sell, or a solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state.

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