You must have information about Insurance Companies setup properly to take advantage of InsurancePro. InsurancePro uses this information in many different reports, forms, and also uses it to calculate your Agency’s Commission. Therefore, in order to get correct Business Reports, it is vital that you setup your Insurance Companies properly.

Note: You cannot add information about a client until there is at least one company added in your list of Insurance Companies.

• Add / Setup new Insurance Companies
• View / Edit Information about Current Companies
• Delete Companies from database
• Print Mailing Labels for a Company
• Setup NAIC Codes
• Setup Commission Percentages

To add a new company:

1. First click on the option to Add a new Company on the bottom left of the screen.
2. Enter the name, address, phone numbers and other information about the company in the text boxes provided.
3. Fill in all the fields properly and carefully.
   • NOTE:  You must enter commission as decimal percentages. For example, 10% would be entered as 0.10 and 8.25% as 0.0825. Make sure the correct commission percentage is entered, as it will be used to calculate your commission on policies written with this company.
4. Once all the information is entered, you can click on Save to store the information about the company or click on Cancel to disregard any information entered. 

InsurancePro has many intelligent features that enable the program to automatically enter information for you rather than you having to type them. A few of these options can be set here. You can tell InsurancePro about the following:

• Specify a Company as General Agent to let InsurancePro know that this is not an actual Insurance Company, but a secondary brokers. When you enter a policy for a company who is a General Agent, you will get the option to add the Actual Insurance Carriers.
• How the Agency collects commissions from each Insurance Company. You have the following two options:
  • Check to Agency: this means that the company with which the policy is written sends the agency a commission check.
  • Agency Retains from Down payment: this means that the agency deducts the commission from the down payment check it receives from the customer.
•  How the Agency sends payments to the Company. You have the following three options:
  • Agency Check: This means that the agency has to manually send one of its checks to the insurance company for payments. 
  • Direct Debit: This means that the insurance company directly debits the agency's bank account for payments. 
  • Deduct from Commission: In this method, the company deducts the payment due to them from the commission statement.
•  How the Insurance Company calculates Agency Commission: You have the following two options:
  • Premium for entire term: This means that the commission due for the entire term is paid to the Agency altogether when the policy is issued.
  • Month to Month: This means that the insurance company does not pay you for the entire term collectively. Instead, you get your commission every month when the client makes the monthly payment.