Citing the growing demand for insurance in New Jersey, Allstate is expanding its agency force in the state with plans to hire over 200 sales professionals this year.
In a release, the company explained that of the more than 200 sales professionals it will hire, about 20 to 25 of that number will be agency owners. The rest will serve as licensed sales professionals working for agency owners.
Allstate said that for those applying for the agency owner position, candidates do not need any prior insurance background. The company has offered to give candidates “comprehensive” training and coaching to bring them up to speed. Applicants must also have a minimum of $100,000 of liquid capital to invest in their agency.
In an effort to get the recruitment ball rolling, Allstate is offering a $2,500 bonus to anyone who refers a qualified candidate for the position of agency owner.
"Allstate is a trusted brand and an excellent wealth-building opportunity for a small business owner. We are unique among all other insurers because the agent owns the economic interest in their business," said Allstate New Jersey territorial sales leader Jack Clarke.
A majority of Allstate owners in New Jersey generate between $310,000 to $618,000 in gross annual revenue, a company release said.
