Does state farm has Non-Compete Agreement and Non-Solicitation Agreement for agency teammembers?

[insuranceforever1]

Hello everyone,
Does anyone know if state farm has Non-Compete Agreement and Non-Solicitation Agreement for agency team members?

I'm currently SF agency team member and want to start my own independent agency would this become an issue in terms of non-compete and non solicitation?

Thank you for sharing.

 

[Markthebroker]

This is a great question for your attorney as he reviews your specific contract, which may of course be different from other State Farm contracts.

 

[SF_Anon]

State Farm team members are not considered State Farm employees - consequently, State Farm does not have a non-compete. Is it possible that your State Farm agent could have had you sign a non-compete? I suppose, but they would probably have a difficult time enforcing it.

I wouldn't plan on soliciting existing clients - plenty of fish in the sea.

Good luck to you!

 

[fed up]

Near guarantee that you signed a no compete when you were hired. Probably 6 months to 2 years stipulated in contract. If you leave don't poach your current client base. Move your personal policies and any FAMILY members but leave your friends for the time being

 

[adjusterjack]

I'm currently SF agency team member and want to start my own independent agency would this become an issue in terms of non-compete and non solicitation?

I can't see your contract from here.

Have you read it?

Reading it should answer your question.

 

[insuranceforever1]

State Farm team members are not considered State Farm employees - consequently, State Farm does not have a non-compete. Is it possible that your State Farm agent could have had you sign a non-compete? I suppose, but they would probably have a difficult time enforcing it.

I wouldn't plan on soliciting existing clients - plenty of fish in the sea.

Good luck to you!

thank you for your info, yup Im not planning to solicite or take my agent's customer but I dont want to be opening my agency then he say you cannot be having your own agency due to non solicite or non compete.

 

[insuranceforever1]

I can't see your contract from here.

Have you read it?

Reading it should answer your question.

I read it many years ago when I first started but I forgot most of the provision and I dont have a copy.

 

[insuranceforever1]

Near guarantee that you signed a no compete when you were hired. Probably 6 months to 2 years stipulated in contract. If you leave don't poach your current client base. Move your personal policies and any FAMILY members but leave your friends for the time being

If lets say I signed it, but I will no solict/attack my agent's customers. I will start my own agency and get customer out of his book would this be okay?