Insurance Agency Owner

Job Description

Location: Chicago, IL & Chicagoland Suburbs (Physical Retail Commercial Location)

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Position Type: Full-Time Agency Ownership / Entrepreneurial Business Opportunity

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Compensation: Unlimited Revenue Potential (New Business Commission + Residual Renewals + Bonus Pools + Contract Value Equity)

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Capital Benchmark: Minimum $200,000 Proof of Available Funds (Liquid Capital, Investable Assets, or Approved Line of Credit)

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About the Opportunity\n

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Step into entrepreneurship with the backing of one of the nation’s most established financial institutions. We are seeking ambitious, business-minded leaders to launch, scale, and own a Retail Insurance Agency in the Chicagoland area.

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This is not an employment contract, a middle-management job, or an order-taking franchise. This is a true equity-building enterprise where you are the CEO and Principal of your own company . You retain autonomy over your work schedule, the business clients you target, and your operational strategy, backed by a world-class brand, an exceptional commercial/personal product suite through Farmers Insurance, and comprehensive district mentorship.

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To ensure rapid market penetration, you will establish a prominent commercial retail storefront and lead an initial core sales staff of four licensed producers —with dedicated sourcing and recruiting support provided directly by our District Office team.

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Key Responsibilities\n

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• Executive Agency Leadership: Direct daily operations, drive strategic business development, and set the organizational culture for your agency.
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• Commercial Retail Storefront Launch: Establish and outfit an accessible, branded brick-and-mortar retail office inside your designated Chicagoland market.
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• Sales Team Management: Lead, mentor, and hold accountable an in-office team of four licensed producers to hit monthly sales targets and quote activity standards.
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• Client Relationship Cultivation: Prospect, build, and maintain long-term relationships with commercial business accounts, high-net-worth households, and local referral partners (realtors, lenders, CPAs).
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• Cross-Selling & Portfolio Growth: Capitalize on multi-line cross-selling across Auto, Home, Commercial/Business, Life, and Financial Services products.
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• Long-Term Asset Accumulation: Build a high-retention book of business that generates compounding residual revenue and creates transferable equity (Contract Value) that can be sold on the open market or passed down to heirs.
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Capital & Qualifications Requirements\n

Financial Security & Capitalization\n

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• Proof of Funds: Ability to verify a minimum of $200,000 in seasoned capital/investable assets (liquid cash, non-retirement investments, lines of credit, or approved commercial financing). (Note: Funds remain under your control to support agency operational cash flow, lease requirements, and payroll).
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• Credit & Financial Standing: Acceptable credit history with no active bankruptcies or unresolved liens.
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Licensing & Regulatory Background\n

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• State Insurance Licenses: Current active Illinois Property & Casualty (P&C) AND Life, Accident & Health (LA&H) licenses, OR the ability and commitment to study, sit for, and pass state licensing exams prior to appointment.
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• Background Check: Ability to pass a comprehensive background check (no felony convictions or disqualifying regulatory infractions).
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Experience & Profile Differentiators\n

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• Professional Background: Background in B2B sales management, executive corporate leadership, commercial real estate, banking, or business ownership. (Direct prior insurance experience is welcome, but strong leadership, financial literacy, and sales management skills are prioritized).
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• Management Acumen: Demonstrated capability to recruit, motivate, and direct a 4-person sales production unit.
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What We Provide (District Partnership & Carrier Muscle)\n

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• Producer Talent Sourcing: Our District Recruiting team assists you in screening and securing your initial four licensed producers, saving you hundreds of sourcing hours.
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• District Onboarding & Field Coaching: Direct access to Agency Business Consultants (ABCs) who spend time inside your agency roleplaying scripts, auditing pipelines, and running joint prospect calls.
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• Award-Winning Training: Complete business, product, and leadership immersion through the University of Farmers® and ongoing district flight schools.
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• Unmatched Product Breadth: Competitive positioning across personal property/casualty, commercial insurance, specialty risks, and life/financial solutions.
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• Brand Power & Marketing Subsidies: Immediate customer trust via a household-name brand, supported by national ad campaigns and local marketing incentives.
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Who Succeeds in This Opportunity (and Who Doesn't)What Success Looks Like:\n

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• The Chief Executive Mindset: You focus on building systems, managing cash flow, mentoring producers, and expanding local market share rather than remaining trapped in routine administrative paperwork.
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• Active Community Pillar: You position yourself as an authority in your local Chicagoland territory, networking with business owners, chambers of commerce, and civic groups.
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• High-Paced Accountability: You run structured daily morning huddles, inspect phone activity metrics, and roleplay scripts with your team to maintain high close rates.
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What Success Does Not Look Like:\n

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• An Employee / Solo Producer Mentality: Expecting a guaranteed base salary or trying to handle every task yourself without building an empowered team.
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• Passive Storefront Management: Sitting behind a desk waiting for foot traffic to walk through the front door rather than driving outbound prospecting engines.
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• Under-Capitalized Guesswork: Treating working capital lightly or ignoring payroll and cash-flow management during the initial scaling curve.
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