AAA Insurance Agency Owner

AAA-The Auto Club Group; Mankato (MN); On-site; USD 100,000 - 250,000; Full time

Benefits offered by this job

Agency Launch Bonus

Marketing Reimbursement

Strong Support Throughout the Process

Job summary

AAA - The Auto Club Group is seeking ambitious, business-minded individuals to become entrepreneurial Agency Owners in Minnesota. This opportunity offers a 100% incentive-based compensation structure with strong brokerage-style earnings potential through new business and renewals, plus annual performance bonuses and launch incentives.

You will build and grow an AAA-branded agency, sell property & casualty, life insurance, and AAA memberships to a loyal client base.

Qualifications

• Property & Casualty and Life & Health Insurance Licensing, preferred not required: if you don’t have them, you must be willing to obtain at candidate's expense
• Review and completion of the Business Plan/Cash flow analysis (AAA provides assistance and guidance throughout this process)
• Learning & Development requirements will be (4 week 100% virtual training/live instructor class)
• AAA branded office - must be approved office space
• 75K proof of investable capital – (not a franchise fee-proof of funds available for investment into your own business-must be seasoned for 60 days)
• Must be able to pass background check-criminal history and credit/financial check
• Recommended to have two licensed staff members upon opening of the agency

Responsibilities

• Own and grow an independent AAA-branded insurance agency.
• Sell property and casualty, life, and AAA memberships to a defined member base.
• Develop a compliant business plan and secure required licenses.
• Recruit and manage licensed staff to support agency operations.
• Leverage marketing reimbursement and incentive programs to maximize growth.

Skills

Ambitious

Business-minded

Visionary

Self-motivated

Results-driven

Education

Property & Casualty and Life & Health Insurance Licensing

Job description

About the Company - AAA - The Auto Club Group, is seeking ambitious, business-minded, and visionary Entrepreneurial Agency Owners to join our team! One of the Industry's BEST Compensation Packages Earning potential is unlimited through a 100% incentive-based compensation structure. Competitive new-business and renewal commission, complemented by bonus programs (see below) which help your business growth at all stages of your agency’s development. The more you invest in your success, the more you can earn!

Agency Launch Bonus

• The Agency Launch bonus is paid once candidate launches fully compliant AAA branded agency

Marketing Reimbursement

• Paid to Agency Owner bi-weekly.
• Starts in year 3 paid monthly

Strong Support Throughout the Process

Start with a solid foundation: The EA model is designed to serve the needs of our members. There is much thought, data, and research that goes into our candidate selection, interview process, and agency location placement. We provide EAs with assistance on how to successfully launch and develop their agency into a sustainable and profitable business year over year. Step-by-step assistance: The core of your EA onboarding will be a detailed deployment plan providing guidance to ensure compliance with AAA protocols and standards. Comprehensive education: You will benefit from mixing in-person with virtual training, the program includes core business skills, sales, customer service, products and systems. Resources to help you grow and evolve: As your business grows, you’ll benefit from a myriad of resources to help you secure licensed staff, manage financials and cash flows, develop and modify a business plan, and access to 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:

• Property & Casualty and Life & Health Insurance Licensing, preferred not required: If you don’t have them, you must be willing to obtain at candidate's expense
• Review and completion of the Business Plan/Cash flow analysis (AAA provides assistance and guidance throughout this process)
• Learning & Development requirements will be (4 week 100% virtual training/live instructor class)
• AAA branded office - must be approved office space
• 75K proof of investable capital – (not a franchise fee-proof of funds available for investment into your own business-must be seasoned for 60 days)
• Must be able to pass background check-criminal history and credit/financial check
• Recommended to have two licensed staff members upon opening of the agency

Products include:

• 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.
• 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, national and regional A rated leading carriers to help you serve a wide variety of needs. (varies by state)
• 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.