Insurance Agency Owner

Company: AAA
Location: Saint Cloud
Posted on: October 10, 2021

Job Description:

Leader in the insurance industry, AAA, is seeking an ambitious and talented Entrepreneurial Agency Owner to join our team!

Competitive Compensation:  Earnings potential is unlimited through a 100% incentive-based compensation structure.  You’ll earn competitive new-business and renewal commission, complemented by bonus programs (see below) that match your needs at all stages of your agency’s development. The more you invest in your success, the more you could earn!

Plus...

• Education/Training Bonus: $4,000 (paid once 4 week virtual education program is complete)
• Launch Bonus: $15,000 (paid once candidate launches fully compliant AAA branded agency)
• Marketing Reimbursement: Up to $50,000 each year
• Agency development bonus (ADB):
  • First 36 months – measured on a quarterly basis
  • Up to $150k bonus potential per month
• Agency Growth Bonus (AGB):
  • Starts in year 3 (month 25)
  • Up to 8% paid based on agency growth month over month

Own the economic interest in your agency from day one!

Benefits: 

• Start with a solid foundation:  The EA model is designed to serve the needs of our members. We put a lot of thought into who becomes an EA, and where they’re located. We also provide EAs with assistance on how to start and develop their agency.
• Step-by-step assistance: The core of your EA onboarding will be a personalized deployment plan. It’ll provide guidance on opening an office and aligning with AAA standards.
• Comprehensive training: You’ll benefit from a personalized training program. Your individual curriculum will be based on an assessment of your experience and abilities, and tailored to help ensure you have the skills to be successful as an EA.  Mixing in-person with virtual training, the program may include core business skills, sales, customer service, products and systems.
• ??Tools to help you grow: As your business grows, you’ll benefit from a variety of tools to help you find staff, manage payments and cash flows, develop and modify a business plan, and tap a network of experienced EAs and other business experts. Your AAA recruiter can review specifics with you.

Agency Owner Overview:

This opportunity is for self-motivated, results-driven business people interested in building a profitable, multi-line insurance agency. You’ll bring business or industry-relevant experience, and need a level of capital to ensure your agency delivers the service AAA—and our members—expect.

You’ll own and grow an insurance agency that serves new and prospective AAA Members. You’ll sell property and casualty, life insurance and AAA memberships along with other products, to a well-defined and loyal client base.

Agency Owner Requirements:

• Background Passed and/or Memo of Understanding

• Licensing, preferred not required:  

  • Property & Casualty and Life & Health insurance licenses (if you don’t have them, you must be willing to get them)

  • If not licenced, candidate’s responsibility financially to get licenced (3-6 weeks if motivated. AAA will provide discount code if applicable)

• Review of the Business Plan/Cash flow Guidelines (AAA provides assistance and guidance throughout this process)
• Learning & Development Requirements will be (4 week 100% virtual training/live instructor class). $4,000 education/training bonus upon completion AAA branded Office
• $75K proof of investable capital – (invest into your own business-must be seasoned for 60 days).
• Must be able to pass background check-criminal history and credit/financial check

The Ideal Agency Owner: 

• You are achievement-oriented with ambition and drive 
• You excel when you are helping people 
• The desire to own and develop your business is strong 
• You are involved in your community 
• You like the excitement and the thrill of finding new ways to sell 
• Honesty and ethics are part of your core values 

The Agency Owner day-to-day: 

• You’ll own and operate your own AAA-branded, brick-and-mortar sales location, complemented by a powerful web and social media presence.

• You’ll sell AAA Branded Property and Casualty in the beginning and also “other approved products” to a well-defined and loyal client base.

• You’ll have an exciting opportunity to grow your business by cross-selling additional products to new members, as well as to thousands of existing members.

• Products include:

Property and casualty insurance: 

• You’ll sell Auto, Home, Renters, Umbrella, Flood, RV, Boat, Motorcycle, Specialty Vehicles and Commercial Lines. Because we always strive to do what’s right for our members, you’ll also have access to brokered products from multiple, leading carriers to help you serve a wide variety of needs.

Life Insurance: 

• You’ll sell Term, Universal Life, Whole Life and Annuities. Founded in 1969 and affiliated with AAA, AAA Life Insurance Company has an A- rating (Excellent), which is the 4th highest ranking out of 16, by A.M. Best Company as of September 2016.

?Banking services:

• You’ll offer auto loans and credit cards as a representative of the only AAA Club with a federal banking charter.

AAA Membership:

• You’ll offer programs for autos, bicycles, RVs and motorcycles. People value their AAA Membership for access to our trusted roadside assistance, and for the more than 126,000 opportunities to save on dining, shopping, hotels, rental cars, travel events and auto care.

About AAA:  A century-plus of “doing what’s right”

Created in 1902, AAA today is a federation of 30 affiliated clubs serving over 60 million members in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Auto Club Group is the second largest in the federation. It serves over 14 million AAA Members in 14 states.

Driven by a vision to “do what’s right,” we’ve grown to provide a variety of services and benefits when and where our members need them. We focus on the “big things” in life: safety and security, insurance, personal finance and quality time.

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Keywords: AAA, Saint Cloud , Insurance Agency Owner, Other , Saint Cloud, Minnesota