Agency Commission Statements & Payments
How do agencies receive commission payments?
Agency commissions are generated as policyholder premium payments are received.
Commission payments are generated on the first of each month.
Beacon Mutual and Argo policies will continue to be included in one commission statement.
Beacon Mutual and Zurich policies are handled separately, so an agency may receive:
- A commission statement and corresponding payment for Beacon Mutual policies.
- A separate commission statement and corresponding payment for Zurich policies.
Cancellations and return endorsements may result in commission take-backs in the month in which they occur.
For Pay-As-You-Go policies, the commission statement may display the policy expiration date as the transaction or invoice date because premium payments are made throughout the policy term.
Where can I find commission information?
Visit the secure agent portal through beaconmutual.com/portal and review the available commission statements and agency resources.
Producer Guidelines are also available for download in the Agency Toolbox in the Online Portal. Contact Beacon Mutual’s Underwriting Department if you need additional information about underwriting or agency partnerships.
How do I enroll to receive electronic comission payments?
If you would like to receive electronic payments for commission credits please provide your Financial Contact’s email address and direct telephone number (no extension). Click here to provide your Financial Contact information.
When your agency’s first commission payment is ready to be issued, the Financial Contact will receive an email from claimspay@oneinc.com. The Financial Contact will follow the steps to access the One Inc. payment system to set up electronic payments.
To complete the One Inc. login, a security code will be sent to the Financial Contact at the option of either a text message (to mobile device) or automated telephone call to the Financial Contact’s direct line.
Frequently Asked Questions
Will Beacon and Zurich commissions appear on one statement?
No. Separate commission statements and corresponding payments are generated for Beacon Mutual and Zurich policies.
When are commission payments generated?
Commission payments are generated on the first of each month.
How are cancellations reflected?
Cancellations and return endorsements are reflected as commission take-backs in the month in which they occur.
Who can help if I cannot find a commission statement?
Contact the Beacon Support Center at 401-825-2995. For questions about commission arrangements or agency partnerships, contact the Underwriting Department.