Option 2: Use Temporary Comp Plans

Option 2: Use Temporary Comp Plans

AgencyComp includes built-in  Temporary (Temp) Comp Plans designed to help users import policies quickly without having to define detailed commission schedules upfront.

A temp plan exists for each commission type:
  1. Percent of Premium
  2. MA-PDP
  3. Fee
  4. Target Premium
  5. Graded
When a policy is created in the application and no comp plan is specified, AgencyComp automatically assigns the appropriate Temp Comp Plan based on the commission type.

How Temp Plans Work

Temp plans provide basic commission logic so policies can be imported and tracked immediately. These plans are intended as placeholders and can be modified later to more closely match your typical commission structure.  You may also choose to edit the temp plans to better reflect how you are generally paid for each commission type.

Pros of Using Temp Plans

  1. Fastest way to import policies
  2. No need to understand commission schedules upfront
  3. Ideal for getting data into the system quickly
  4. Automatically assigned based on commission type

Cons of Using Temp Plans

  1. Commission projections are less accurate
  2. Not recommended for forecasting or detailed analysis
  3. Projection-based reports may not reflect actual earnings

Best For

  1. Users who primarily want to identify missing commissions
  2. New customers getting started quickly
  3. High-volume or time-sensitive imports
  4. Users who plan to refine comp plans later

Important Notes About Reporting

Temp plans are sufficient for identifying whether a commission was paid or missing, but they are not designed for precise revenue projections. For full forecasting, projected vs. actual comparisons, and advanced commission reporting, a fully defined comp plan is recommended.

Summary Recommendation

If your goal is speed and visibility, temp plans are a great starting point. If accuracy and forecasting matter, transition policies to full comp plans once schedules are defined.

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