Can a policy be cancelled for non-payment of premium?
Yes. Failure to report payroll or provide adequate pay- ment will result in a cancellation for nonpayment of premium.
During initial policy set up you will be contacted by Beacon’s Pay As You Go Administrator who will help to set up your account. If initial setup is not completed by the insured, the agent will be contacted. If set up is not completed within 7 days of the effective date, the policy will be removed from the Pay As You Go program and will be direct billed.