Farmers Insurance Group - Independent business ownership with full training support! | Glassdoor
There are newer employer reviews for Farmers Insurance Group
There are newer employer reviews for Farmers Insurance Group

See Most Recent

Helpful (2)

"Independent business ownership with full training support!"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Contractor - Captive Agent in Pittsburgh, PA
Current Contractor - Captive Agent in Pittsburgh, PA
Recommends
Positive Outlook
Approves of CEO

I have been working at Farmers Insurance Group as a contractor (Less than a year)

Pros

You own the business. Farmers subsidizes your pay for the first 3 years with $1000 increase each subsuquent year and if you achieve your targets, this subsidy never has to be paid back. Fully supportive training for the first 3 months and beyond to help you build your business quickly. Friendly people within the organization. Nicely packaged products for your customers. Farmers provides a nice number of internet leads to the agents on a daily basis for no change.

Cons

You have to work your butt off during the first year (as you would in any new business start up situation); There were some costs not mentioned by the recruiters that caught me by surprise like the $800 U4 background check and securities exams fees. However, they do give a nice bonus upon completion of the licensing.

Advice to Management

Be up front about all costs the agents will encounter. The program is solid enough that most agents will not mind the fees, since those fees are compensated for in the completion bonus.

Other Employee Reviews for Farmers Insurance Group

  1. "A very pleasant and informative process."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Reserve Agent in Itasca, IL
    Current Employee - Reserve Agent in Itasca, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Farmers Insurance Group full-time (Less than a year)

    Pros

    It allows me the opportunity to connect with people and help them assess their risk factors while nurturing a "Welcoming them into our Farmers Family" attitude and experience!!!

    Cons

    Sometimes there are situations where a dog has bitten a child or person and then if a claim was made that dog is considered DANGEROUS and thus makes that home a place where Farmers will not insure that home.

    Advice to Management

    Too new to really expound on this point.


  2. "Definition of expendable"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Insurance Agent in Pittsburgh, PA
    Former Employee - Insurance Agent in Pittsburgh, PA
    Doesn't Recommend

    I worked at Farmers Insurance Group full-time (Less than a year)

    Pros

    The sales training is extensive

    Cons

    The company uses new employees to get their friends and family signed up, sets simple sales goals for the first quarter then increases the goals drastically. No salary, straight draw which the company demands repaid in full upon termination, despite clear repayment terms in the contract.

There are newer employer reviews for Farmers Insurance Group
There are newer employer reviews for Farmers Insurance Group

See Most Recent

Work at Farmers Insurance Group? Share Your Experiences

Farmers Insurance Group
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or