We’re represented by more than 500 independent insurance agencies, and we’re always looking for more quality partners.
At Frankenmuth Insurance, local, independent agencies like yours are the lifeblood of our operation. But, you’re so much more than just a source of new business or a customer service contact. You’re our coworkers, true partners, and in many cases, friends. And every day, we work together to achieve mutual success.
To ensure we have the best agencies representing us, here are the minimum requirements that must be met for consideration:
Profitability — A potential agency must show it has produced a 60 percent or better loss ratio during the previous five-year period. Additionally, the agency must be able to document any loss ratio anomalies with its top five companies.
Technology — A potential partner agency must provide high-speed Internet access to its entire staff, and it must be committed to maintaining state-of-the-art automation. While an updated agency management system is not required, it is preferred.
Business Plan — A written business plan, including marketing and perpetuation plans, must be in place. This plan must show a desire for long-term growth, and it must contain specific sales goals and objectives.
Growth — Revenue or written premiums must show positive growth for the previous three years.
Appetite Awareness — The agency must have an understanding of what we want to write, including premium size, class of business, etc. and demonstrate the ability to produce within our desired appetite.
Premium Commitment — Depending on the size of the agency, a three-year written premium commitment will be established for each new appointment.
Location — The prospective agency should be located in a growing/prosperous community.
History — The agency must have been in business a minimum of five years.
Financial Strength — The agency must be financially stable and willing to share current financial statements.
Sales and Service Culture – It is critical the potential agency takes pride in writing new accounts and that it provides outstanding service to its existing clients.
If your agency meets our standards, we want to learn more about your operation, and we invite you to complete the following worksheet. Then, one of our representatives will follow up on your request.
All fields on the following form are required.