Option 1: Create a Full Comp Plan

Option 1: Create a Full Comp Plan

Option 1: Create a Full Comp Plan

There are two ways to add a full comp plan to your policies during the policy import process. Both options result in a full comp plan, but differ in timing and workflow.  You can either create the plan and schedule before importing policies, or add the plan name during import and complete the schedule afterward.

Method 1: Create the Comp Plan Before Importing Policies (Recommended)

In this method, you create the comp plan with a complete commission schedule in advance. During the policy import, you simply add the name of the comp plan to each policy in the import template.

How it works:
  1. Create the comp plan and commission schedule in the application.
  2. Copy the comp plan name.
  3. Paste the comp plan name into the import template for each policy.


Why this is recommended:

  • This is the most accurate way to ensure the correct comp plan is assigned to each policy.
  • Policies are fully report-ready immediately after import.
  • No follow-up steps are required.

 

Best for:

  • Users who want immediate reporting accuracy
  • Agencies importing finalized, well-defined commission structures

Method 2: Add the Comp Plan Name During Import and Complete the Schedule Later

In this method, you assign a comp plan name to policies during the import process, but do not define the commission schedule until after the import is complete.


How it works:

  1. Enter a comp plan name for each policy in the import template.
  2. Import the policies.
  3. After import, add the commission schedule to the comp plan.

Important note:
Comp plans that are imported without a schedule will display a red triangle on the Comp Plans page. This is a visual reminder that the plan is incomplete.


Why users choose this method:

  • This is the fastest way to import policies.
  • Allows you to focus on getting data into the system first.


Things to keep in mind:

  • You must remember to complete the commission schedule after the policies are imported.
  • Policies tied to incomplete comp plans will not be included in projection-based reports until the schedule is added.


Best for:

  • Large or time-sensitive imports.
  • Users who plan to refine commission schedules after import.

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