Step 1 - Add Carriers and Comp Plans

Step 1 - Add Carriers and Comp Plans

To calculate commissions for a policy, a Carrier and Comp Plan must be added and linked to a policy.  A Comp Plan describes how a commission for a policy is calculated and how long it is paid. Since comp plans are linked to one or more carriers, you will need to add your carriers first, then your comp plans. This is an important step because commission calculations from the comp plans are used in all reports.

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Add a Carrier

  1. Go to the Main Menu.
  2. Click Data – Carriers – Products – Revenue Types.
  3. Click ADD CARRIER.
  4. Complete the required fields.
  5. Click SAVE.

Add a Comp Plan

  1. Go to the Main Menu.
  2. Click Comp Plans.
  3. Click ADD COMP PLAN.
  4. Name the plan
  5. Type - select a comp plan based on the type of commission paid on the policy.
  6. Carriers - select the carriers for the comp plan.  The plan can be linked to multiple carriers.
  7. Enter the End Year for the first commission period.  Select "Endless" if commissions are paid forever.
  8. Complete the remaining fields.
  9. Click ADD ROW for additional commission periods
  10. Click SAVE.

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