FIG Partnership FAQ
Questions about starting an agency, growing your book, and planning your exit with FIG Insurance.
The Partnership
- What is FIG Insurance?
- FIG Insurance supports independent P&C producers and agency owners through three paths: Start Your Agency, Grow Your Book, and Plan Your Exit. Founded in 2004 with roots to 1936, FIG is the largest insurance agency domiciled in Idaho. We are licensed in 26 states and have 138+ carrier relationships.
- Am I an employee or independent contractor?
- Producers are independent contractors in an exclusive affiliation with FIG. The Producer Affiliation Agreement explains how that relationship works, including the responsibilities of each party. We walk through the agreement with every partner before they decide.
- Can FIG help me start an agency from scratch?
- Yes. Our Start Your Agency path includes startup support, technology, back-office services, and carrier appointments. You still need the appropriate licenses and must meet applicable carrier and regulatory requirements.
- Can I bring my existing book?
- Our Grow Your Book path is intended for producers exploring affiliation with an existing book. Any transition depends on your current agreements, client obligations, and the terms of FIG's Producer Affiliation Agreement. Discuss your situation with FIG before moving policies or client information.
- How do I get started?
- Book a strategy call on this site, call (208) 739-9028, or email info@fignow.com. We can discuss whether Start Your Agency, Grow Your Book, or Plan Your Exit fits your situation. We walk through the Producer Affiliation Agreement before you decide to partner.
Commission & Pay
- How do FIG's commission splits work?
- FIG's producer affiliation program offers commission splits up to 90% on new and renewal business. Your applicable split and payout terms are set out in the Producer Affiliation Agreement. A commission split describes the allocation of commissions, not an income or earnings estimate.
- Do the commission splits apply to renewals?
- The program offers commission splits up to 90% on new and renewal business. The Producer Affiliation Agreement sets out the terms that apply to your partnership. Review those terms with FIG rather than assuming a particular split applies to every policy.
- How are commissions paid?
- Commissions are reconciled and paid monthly. FIG handles commission accounting. Specific payout terms are set out in the Producer Affiliation Agreement, which we review with every partner before they decide.
- Does FIG estimate what I will earn?
- We do not promise or estimate income or earnings. Commission splits up to 90% on new and renewal business describe the affiliation program, not a projected financial result. A strategy call focuses on the partnership, support, and agreement terms.
Carriers & Markets
- Do I get carrier access on day one?
- FIG facilitates carrier appointments, with some carriers from day one, with a path to more markets as you grow. Not all carriers are available immediately. Availability depends on the carrier, applicable appointments, and the business you plan to write.
- How many carrier relationships does FIG have?
- FIG has 138+ carrier relationships. That agency-wide relationship count does not mean every producer can immediately access every market. Partners have some carriers from day one, with a path to more markets as you grow.
- Are there production quotas?
- FIG has no restrictive production quotas. Individual carriers still have their own appointment, eligibility, and underwriting requirements. Discuss the markets you need with FIG so you understand the requirements that apply.
- Can FIG help me explore additional markets?
- FIG facilitates appointments with quality P&C carriers. Partners have some carriers from day one, with a path to more markets as you grow. Discuss your lines of business and licensing with FIG to understand available options without assuming access to a particular carrier.
Support & Technology
- Who provides E&O coverage?
- FIG carries agency errors and omissions (E&O) coverage that partners are covered under, with costs shared. Review the coverage's scope, conditions, and your responsibilities with FIG. The Producer Affiliation Agreement explains the partnership terms; do not assume every activity is covered.
- Who handles the agency management system?
- FIG handles the agency management system. That technology is part of the support available through our partnership paths. Review the workflows and your responsibilities with FIG before deciding how the affiliation fits your agency.
- Who handles commission accounting?
- FIG handles commission accounting, and commissions are reconciled and paid monthly. This is part of our back-office support. The Producer Affiliation Agreement sets out the applicable payout terms.
- What support comes with Start Your Agency?
- Start Your Agency includes startup support, technology, back-office services, and carrier appointments. FIG handles the agency management system and commission accounting. The agreement and strategy conversation explain how those services apply to your partnership.
Licensing & States
- Which states can I write business in?
- FIG is licensed in 26 states: Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Texas, Utah, Washington, and Wyoming. Your own authority to write business depends on the appropriate producer licenses, appointments, and other applicable requirements. FIG's agency licenses do not replace your individual licensing obligations.
- Where does FIG have offices and agents?
- FIG has 17 offices across Idaho, Montana, Nevada, and Utah, plus agents in Texas and Georgia. The FIG Agents page lists office addresses and phone numbers. Office locations and licensing authority are different, so verify the requirements for each state where you intend to write business.
- Does joining FIG replace my producer license?
- No. You must obtain and maintain the appropriate producer licenses for your activities and states. Confirm current requirements with the relevant state insurance department, including any applicable appointments and continuing education.
- What if I want to write in another state?
- Discuss the opportunity with FIG before making commitments or writing business. FIG evaluates additional states on a case-by-case basis when business opportunities justify expansion. You must still meet the relevant licensing and appointment requirements.
Exit & Perpetuation
- What happens if I want to retire or sell?
- FIG's Plan Your Exit path focuses on acquisition and perpetuation. Ownership, exit, and payout terms are set out in the Producer Affiliation Agreement. Discuss your objectives with FIG rather than assuming a sale outcome or valuation.
- Who owns the book of business?
- Book ownership is governed by the Producer Affiliation Agreement. We walk through ownership, exit, and payout terms with every partner before they decide. Review your existing agreements as well, especially if you are transitioning an established book.
- What does perpetuation mean?
- Perpetuation is planning for an agency's continuation as an owner or producer transitions out of the business. FIG's Plan Your Exit path includes acquisition and perpetuation conversations. The structure and terms depend on the agreement and the circumstances of the agency.
- Can I review the agreement before deciding?
- Yes. FIG walks through the Producer Affiliation Agreement with every partner before they decide. It sets out ownership, exit, and payout terms; you can also review it with your own legal or financial advisers.