Goosehead Insurance operates as a franchise insurance agency, offering home, auto, and renters policies. It has offices across the United States.
They have a strong reputation in the insurance industry. They also have access to over 140 carriers, making it easy for agents to find the right policy for their clients.
Employee Reviews
Goosehead Insurance is an insurance technology company that provides agents with a web-based platform to help them sell more policies. They offer a variety of services from online quote to policy tracking.
Their newest innovation is their professional platform that allows corporate and independent franchise agents to search quotes from over 140 carriers quickly and easily. This is a major step in the right direction for the company and is one of their most impressive business moves to date.
Their customer service is also excellent, with many employees citing them as their favorite company to work for. If you’re looking for an insurance company with a fun and dynamic culture, Goosehead may be the company for you. However, if you’re considering this company, make sure to do your research before making your final decision. You’ll want to find out if their employee benefits are worth the splurge and whether their compensation package is enough to land you that next big job.
Company Culture
Goosehead Insurance is a growing insurance agency founded by Robyn and Mark Jones in Westlake, Texas. Their business model is to sell personal lines insurance through a corporate channel and franchise channels.
The company makes its money through a commission split system, where agents get an 80% commission on new policies and 50% on renewals. They also have access to more than 140 carriers, giving them a wide variety of options to choose from when quoting clients.
They are working on a digital agent platform that will allow consumers to see many different insurance quotes, allowing them to choose the best option for their needs. According to Piper Sandler analyst Paul Newsome, the platform will not have an immediate impact on Goosehead’s earnings for a while but should help to grow its market share.
The compensation structure is not worth it unless you are really into cold calling people and quoting their auto and home policies. If you are not willing to do this, stay away from the company.
Growth Opportunities
Goosehead Insurance has a lot going for it, including a great culture, good pay, and an excellent work-life balance. However, the company is not for everyone. If you are considering a career in insurance, consider your options carefully before making the jump.
Founded in 2003, Goosehead has an impressive roster of carriers to choose from. The company is also one of the most reputable in the industry, a fact that’s evident by its stellar reviews on Glassdoor and other review sites. They have a solid track record of hiring, training, and retaining the best and brightest in the business.
The biggest drawback is that the company does not offer a formal training program for new employees, and its compensation structure is quite variable, depending on your performance and level. On the plus side, the company offers a nice work-life balance and the best of both worlds, a work from home option. The company is also a philanthropist, donating several millions of dollars to nonprofit organizations around the country.
Management
Management at Goosehead Insurance Glassdoor is overseen by Mark E. Jones, who is the Chairman and CEO of the company. He is a top-rated leader on Glassdoor, which recognizes leaders at small and medium companies who employees respect and love to work for.
Goosehead Insurance is an independent insurance broker that offers personal lines policies through its corporate channel and franchise channel. Its corporate agents receive 80% commission on new business and 50% on renewals.
The firm also offers commercial insurance through its Renegade Insurance (formerly Covered by SAGE) plug-and-play model. This firm provides its brokers with access to 90+ carriers and has an active operation in 7 states.
In addition to these services, Goosehead Insurance has a proprietary quote search engine that allows corporate and franchise agents to see more than 140 quotations in seconds. This technology is a key part of the firm’s strategy to disrupt the insurance industry by enabling consumers to buy their policy through agents, instead of going to multiple websites and dealing with the hassle of comparing quotes.
