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List Billing

List Bill provides a means of splitting a premium over multiple entities and locations. A list bill is comprised of one master policy billed to multiple locations and / or related accounts. The master policy provides insurance coverage for locations and / or related accounts insured on a policy. The locations are attached to the master client via its locations tab. Related accounts can be added under the related accounts tab where any locations that exist for the related accounts can also be included in the list bill plan.  

List billing is based on a percentage of the risk that each location will pay thus creating multiple receivables and multiple payables based on the entities involved in each individual billing. The carrier payables are based on an installment schedule generated over the specified number of locations, not time.

To Set Up List Bill

  1. All Clients (the master client and the related accounts) are added to Nexsure following the normal procedures. See Adding Suspects, Prospects and Clients for assistance.
  2. Each client's location(s) should be added on their respective locations tab. See Adding Locations for assistance.
  3. All related accounts need to be associated to the master client via the related accounts tab. As a result of list billing the related accounts policy will reside with the master client. See Adding a Related Account for assistance.
  4. The master policy or policies are added to Nexsure through marketing following the normal procedures. See Policy Underwriting for assistance.

Note:  The client containing the policy to be list billed is the master client for that policy and all related accounts.  The master policy provides insurance coverage for all locations.  When completing the ACORD application for the master client add the locations, coverages, limits, etc., for the related accounts as well.  

  1. The premium information is entered on the policy info tab following the normal procedures. See Policy Info Tab for assistance.
  2. The marketing policy is placed in force following the normal procedures. See In-Forcing a Marketing Policy for assistance.

Related Topics

Creating a List Bill Plan

List Bill Plan Invoicing