About this course
"Important Dates" is a user-defined checklist of items that need to be completed with each new policy (or renewal). You can define templates for "New Personal Auto," "Renewal BOP", etc. and have a checklist of things that need to be completed.Example:1. Collect e-signed application2. Collect down-payment3. Collect finance agreement4. Send welcome email (or, trigger drip campaign)5. etc."Important Dates" can be an invaluable tool to manage new policies and cut back E&O exposure.On your navigation menu, go to "Miscellaneous" --> "Agency Customization" --> "Important Dates" to define your "Important Dates" templates.
NowCerts is a cloud-based insurance solution designed for insurance agencies of all sizes. Key functionalities include commission tracking, task management, claims management, reporting, self-service certificates, reminders, calendars, dashboards and e-signature.
Users can create projects, assign tasks and track project progress. Acord forms are available in various formats which can be edited, signed, e-mailed, faxed and saved. The solution enables users to create invoices, make payments and issue receipts. Additionally, users can receive automated reminders as their renewal date approaches.
The solution lets users track agency and agent commissions, agency fees and carrier fees. Also, users are able to issue their own certificates. NowCerts integrates with multiple applications such as Google Drive, Gmail, QuickBooks, SignNow, Zapier and Twilio.
NowCerts is priced on a per month per agency subscription basis, and support is provided via an online helpdesk, email, live chat and over the phone.
In this lesson you will learn how to add new client and prospects in Nowcerts.
In this lesson you will learn how to make a prospect into an insured.
In this lesson you will learn how to merge duplicate entries of insureds/prospects.
In this lesson you will learn how to enter a policy in Nowcerts.
In this lesson you will learn how to reassign a policy to a different insured.
In this video lesson you will learn how to create a master certificate template, how to send certificates and add additional interesst.
The carrier or the MGA handles all the billing. The agency does not handle any money. For this type of billing, the agency does not need to generate any records aside from noting the change of coverage AND recording commission. There are no receivables from the insured and no payables to the carrier/MGA.
Direct bill, but with a twist. The agency needs to collect a down payment. The rest of the billing is done by the carrier (as above in the direct bill). There are just two transactions to record: the receivable for the down payment and the payable for the down payment (net of commission to the carrier). The fees and commissions remain as separate billing types.
In this case, the agency is responsible for collecting the entire premium, but it is all paid in the beginning. This, in effect, is similar to "direct bill with a down payment". There are just two transactions to record.
In this case, the agency collects the down payment and then arranges for a finance company to finance and collect payments for the balance. Practically, it is similar to "agency bill paid in full (PIF)" explained above. The agency only collects one receivable and only sends out one payable.
The agency is responsible for collecting all installments on a policy (e.g. a commercial policy usually has a 25% down payment plus 9 monthly installments).
You can create an invoice after adding an endorsement with payables and receivables included.
Editing an endorsement with invoices and payments attached.
The Nowcerts commission reconciliations module allows users to mark hundreds of commissions as paid within seconds.