Company Description
Are you searching for entrepreneurial opportunities in thriving industries? Our current North Chicago Territory Partner is looking for a successor to be the future owner of this already-established business within the rapidly growing pet medical insurance industry!
Job Description
Historically, pet owners have paid for veterinary care with discretionary income, savings, credit cards, or other loans. Medical care for a pet sometimes involves sophisticated and costly treatments that are out of reach for many owners. Those without medical coverage may be forced to choose less expensive, sub-standard alternatives. This puts veterinarians in the position of having to determine treatment options based on an owner’s finances.
Pet owners in the United States and Canada collectively own approximately 180 million dogs and cats and less than 3% have medical coverage for their pets. Hospitals see a benefit in their bottom line when they have a client base that has the ability to pay for treatments that may otherwise be out of their financial means. And Trupanion's dedication provides a solid foundation for the success of our Territory Partners, who reap the rewards of pets that stay enrolled through residual income.
Why Partner with Trupanion?
For the last 10 years, our revenue and the number of Trupanion enrolled pets have increased every quarter. We attribute our rapid growth to our unique approach to insuring pets. Our comprehensive plan has no payout limits and covers chronic, congenital, and hereditary conditions not present at enrollment.
We’re the only provider with patented in-hospital software to process and pay claims directly to hospitals in minutes, while pet owners are at checkout! Thousands of hospitals have partnered with us to take advantage of this and the many additional benefits that our software provides.
Unlike others in the industry, we own the Trupanion brand and do not have to pay royalties for our brand name. Companies that do not own their own brand, lose an additional 3–5 points of brand franchising expense.
We set an industry high with our 98.6% monthly retention rate, and that rate continues to increase!
While we generate revenue from premiums, unlike our competitors, our coverage is for the lifetime of the pet and our policy is not renewed annually. Our growing, loyal base of members provides the potential for predictable revenue and uncapped income potential for our Territory Partners.
Qualifications
Why our Territory Partners are essential to our growth:
By expanding our Territory Partner network and increasing direct marketing to veterinarians, the amount of hospitals that actively introduce Trupanion to their clients is greatly increased.
A Trupanion Territory Partner serves as a consultant to Trupanion and is the exclusive representative for our pet health insurance product within their market. This role oversees the North Chicago Territory and will be connected to a network of 60+ other Territory Partners across North America.
Our partners are a significant link between veterinary hospitals and our company. Territory Partners build relationships and educate veterinarians, vet techs, and office staff about how having clients who are insured by Trupanion will not only benefit their practice but also the lives of the companion animals and families they serve.
Additional Requirements:
This position is contingent on successfully obtaining a Property and Casualty license in Illinois and completing 40 hours of studying before testing (We will provide the study material, test, and licensing).
This territory covers all small animal veterinary clinics in the North Chicago area and we are looking for candidates that reside near or within this area.
Compensation:
This territory has the unique advantage of already having an established Territory Partner who has been cultivating their book of business since 2017 and is now seeking a successor to take over the business. If you have the start-up capital to buy the book of business, you can do that now or over the course of the next 1-2 years.
Starting out this will offer a base salary + uncapped commission pay model (You are paid commission on every pet that enrolls within your zip codes. This is not a direct selling position; you are not to sell directly to pet owners). The harder you work the faster your pay increases. Your compensation will constantly grow each month as your enrolled pets increase. Once you buy into the territory, you will move to a 100% commission-based model that also includes a monthly residual.
Additional Information
Start-Up Costs:
- As a business owner, your expected costs will include your time, travel, food, and refreshments for hospital “lunch and learn” sessions, and any additional marketing materials you choose to purchase. You can expect to invest one thousand dollars per month in the first year as you get started.
- This is not a franchise or brokerage. There are no franchise fees and this business does not necessitate a brick-and-mortar operation.
Long-Term Revenue:
Our model directly compensates you for the work you put in. Unlike other business opportunities, Trupanion offers the possibility of long-term passive income. Our model is commission-based but also includes a monthly residual. Each new policy that activates within your exclusive region generates a $10 commission. After enrollment, our Territory Partners receive monthly residual income for all active policies in the region, with an average policy life span of over 73 months. With our residual income model, your business can gain momentum, achieve longevity, and provide you with the opportunity for uncapped income.
For more information about Trupanion and the Territory Partner opportunity visit: https://join.trupanion.com/
Trupanion is an equal-opportunity employer and embraces diversity. We are committed to building a team that represents a variety of backgrounds, abilities, perspectives, and skills.
We will ensure that individuals are provided reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment. Please contact us to request accommodations.
What We Do
Trupanion is a rapidly growing player in the pet medical insurance space. We are known for superior coverage and top-notch customer service. We pride ourselves on swift claims resolutions and providing the best medical insurance care available.
Why Work With Us
We are all driven by the mission to help pets receive the best medical care. We are always learning and trying new things as a company and it is a great place to build your career.
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