Premium Services

Blue Cod Technologies’ Premium Services department can handle all of your payment, check processing and certain accounting functions regardless of the type of insurance you write. We are able to process paper check, e-check, credit card, ACH, and EFT payments. We are an integrated lock box and handle all of exception processing before it is sent to the bank to eliminate errors and kick backs. We process all types of checks as well, including claims, returned premiums and commissions. All of our accounts are reconciled daily involving payment activity. The range of Blue Cod’s Premium Services includes:

  • Full payment processing, including receipts of checks, cash, money orders or credit cards
  • ACH processing
  • Cash with Application (CWA) payment processing
  • In-house retail and wholesale lockbox services
  • Execution of daily billing cycles, bill generation and policy reconciliation
  • Daily accounts receivable reconciliation
  • Month-end cash reconciliation to bank balance with full client reporting
  • Development of strict carrier specific standard operating procedures for all processes
  • Guarantee to meet or exceed all contracted time and accuracy standards
  • Issuance of return premium, commission and claim checks
  • Agency commission report processing and distribution
  • Online credit card acceptance through a third party
  • Collection services
  • Month end reporting
  • Design and implementation of special payment plans to suit a carrier’s unique needs
  • Web Portal for agents and adjusters
  • Business Consulting Services