A Little-Known Secret About Farmers

With over 50 types of insurance to offer, a Farmers agent can cover ALMOST every insurance need of a client.

The insurance we provide can be cataloged into 4 categories:

• Personal - such as auto, homeowners and umbrella;
• Specialty - such as boats, RV’s golf carts and motorcycles;
• Commercial – anything to do with a business such as workers’ compensation or liability;

and last but certainly not least, Life insurance.

Additionally, a Farmers agent who is properly licensed can enjoy the additional revenue streams from the investment products they can offer clients.

With all of those types of insurance a Farmers agent can sell, you might think that Farmers would be a one-stop shop for insurance. That’s mostly true!

But occasionally a client may ask an agent to write a policy that provides too great of a risk for the company to bear.

In this event, the agent would not be allowed to provide coverage through Farmers, but would be allowed to market the policy to outside insurers and find coverage for the client with another carrier. This little-known secret is called Farmers “First Right of Refusal.”

That First Right of Refusal policy benefits both the client and the agent. It allows the client to obtain preferred insurance for most policies within Farmers, while allowing their trusted Farmers agent the right to find coverage for a less-desirable policy with another carrier.

For the agent, the First Right of Refusal policy means that theydon’t have to turn away business, unlike the agents of our competitors.

Many companies other than Farmers strictly limit their agents to writing only those policies that the parent company will authorize.

A Farmers agent, on the other hand, has the flexibility and freedom to build their book of business as they see fit.

If you’re considering how to open an insurance agency in California, contact us today to learn about the flexibility, freedom and financial rewards offered by Farmers.