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Farmers Insurance Company, Farmer Insurance Companies

By: EconomyWatch Date: 26 May 2010

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Farmer Insurance Company is one of the largest insurance management service providers. Initially their business operations were limited to auto insurance. However, with the passage of time, the service and product base of the company has diversified immensely to include various fields.

In the insurance segment of automobile and homeowners insurances, Farmer Insurance Company is a forerunner. With business operations in 40 states in the United States, the company offers employment to around 40,000 people.

Farmer Insurance Company: History

Established as an auto insurer, Farmer Insurance Company began operations in 1927. John Tyler and Thomas Leavey were the founding members of the company. Initially, the company was named as Farmers Automobile Insurance Exchange.

In the early years, the company focused on operations in small cities. The two entrepreneurs were of the opinion that the customers of small cities are safer drivers than their counterparts in the big cities. So, they concluded that the probability of insurance claims is much higher in big cities than in smaller ones. So, they focused on advancing auto insurance to the small-city automobile owners.

Farmer Insurance Company: Range of Services

Farmer Insurance Group offers a diverse range of insurance and investment services. A glimpse can be seen in the following:

Business related insurance

Disability related insurance

Insurances advanced to automobile and home owners

Insurances protecting the bumps of life

Worker Compensation Insurance

Insurance Exchange

Truck and Fire Exchange

Financial Solutions

Value Added Services

Farmer Insurance Company: Business Agents

Farmer Insurance Company maintains a huge army of business agents who provide specialized and customized services to customers. These agents are equipped with the latest information and technologies, which help them in closing the deal instantly. This allows for easy, convenient and quick insurance deals.

Agents are trained and educated on a regular basis by Farmer Insurance Company.

Adequate training imparts knowledge to understand the insurance needs of potential customers. It also helps to improve sales and communication skills of the agent. Effective training provides a certain edge over competition.