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            Configure Milestone Billing for an Insurance Policy

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            Configure Milestone Billing for an Insurance Policy

            Set up an insurance policy and configure billing information with a milestone-based billing treatment, including defining percentage splits and offset dates using billing treatment items.

            Required Editions

            Available in: Lightning Experience
            Available in: Professional, Enterprise, and Unlimited Editions where Insurance Brokerage is enabled
            User Permissions Needed
            To create billing treatments and billing treatment items: Billing Admin permission set
            1. Create an Insurance Policy and associate ‌coverage and surcharge.
            2. Specify the percentage splits and offset dates using the billing treatment items. For information on how to create billing treatment and line items, see Create Billing Treatment and Line Items.
              Note
              Note You must enable Milestone Billing on the Billing Treatment.
            3. When this option is enabled:
              • The billing engine interprets the associated Billing Treatment Items as milestone definitions.
              • Billing schedules are generated using milestone percentages and offset rules instead of a single bill date.
              Note
              Note If Enable Milestone Billing is not selected, milestone offsets and percentage splits defined in Billing Treatment Items are ignored.
            4. Define Billing Milestones.
            5. Create an Insurance policy billing information with billing treatment that specifies milestone splits. For example, 60, 30, and 10 split. For information on Insurance Policy Billing Information, see Configure Insurance Policy Billing Information.
            • Example: Configure a 60/30/10 Milestone Split
              To configure a 60/30/10 milestone split, create three Billing Treatment Items, each linked to the same Billing Treatment. Each item represents one milestone and defines both the percentage to bill and when it is due.
             
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