Because Grow With Commercial does not have a Master Services Agreement in place with State Farm, we are considered an Unapproved vendor. Please be aware that we have worked closely with State Farm Compliance on this Outside Business Activity, and we have raised no concerns.
It is extremely IMPORTANT to keep in mind the differences between Approved, Unapproved and Unauthorized Vendors:
Approved Vendor- Specific vendor in which State Farm has an approved Master Service Agreement in place and the scope of the vendor services received are within the scope of the agreement.
Unapproved Vendor- Any vendor that does not have an agreement in place with State Farm or the services received from the approved vendor are outside of the scope of the vendor’s agreement with State Farm. State Farm does not generally dictate what unapproved vendors an independent contractor may use. It is the agent’s responsibility to ensure that the vendors they engage with do not raise concerns.
Unauthorized Vendor- Specific vendor that State Farm has identified as being unauthorized for use by State Farm due to the risks posed to State Farm by engagement with the vendor. Agents should not use an unauthorized vendor. If an agent does use an unauthorized vendor, it could impact the trust relationship between the agent and State Farm.