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Creating a New Insurance Policy

You can create insurance policies if a company or business unit acquires a new policy or if an existing policy becomes relevant to a workspace. To add an insurance policy to a company or business unit, your security role in the appropriate work area must have permission to create insurance. For more information, see "About Security Permissions".

By adding insurance policies to a company record, you help to ensure that the users responsible for assigning companies to workspaces can evaluate all aspects of a company’s insurance liabilities.

To create an insurance policy

1. Open the Insurance tab for the company receiving the policy.

The list of insurance policies for the company appears.

2. Click New to create a new insurance policy using the default template.

— or —

Click the arrow next to New to choose another template. For more information, see "About Document Subtypes".

A blank insurance document appears. Some information may already be filled in, depending on the template used.

3. Complete the following required information:
• Title:Type the name of the policy for display purposes.
• Policy Currency Type:Select the currency in which the Insured Amount will be paid.
4. If you are performing a workflow action on the quote, complete the information required for this action. For more information, see "Insurance Workflow Actions" for a list of preconditions for a specific action.
5. Complete any other necessary information for the document. Headings marked with an asterisk (*) or highlighted fields are required. For more information, see "About Required Fields".

Please refer to the following for more information on the fields for each page:

• Main
• Properties
6. Click Save.

Proliance saves the page. Click Exit Edit Mode when done.