Automate insurance premium collection and reconciliation
CoverPay helps MGAs, wholesalers and carriers automate premium collection by card and ACH, track payments from request through receipt, and keep payment activity connected to insurance operations.
Get paid faster. See what has been paid. Spend less time chasing payments.
For:MGAs•Wholesalers•Carriers
No CoverPay subscription or separate payment setup for your agents. What agents get.
Integrates with agency management and accounting systems.
- 1Collect premiumACHCard
- 2Track payment activityFrom payment request through receipt.
- 3ReconcileKeep premium, fees and payment records aligned.
Close the Last Mile of Premium Collection
Premium collection can slow down after the invoice leaves your office, while the agent waits on the insured. CoverPay helps close that gap.
The agent can pay now, or request payment from the insured. The insured then pays securely by card or ACH, and the premium is collected. The insured enters their own payment details, so the agent does not need to take card information over the phone, wait for a check, or front the premium.
No CoverPay subscription or separate payment setup for your agents. They collect through the payment experience you already send them. See how it works in premium collection.
Core Capabilities
Each capability is designed around insurance workflows, not generic payment logic.
How CoverPay Fits Into Your Insurance Stack
CoverPay connects upstream to rating and policy systems and downstream to accounting systems without replacing your existing infrastructure.
Built for MGA and Wholesale Operations
Built With Insurance Compliance in Mind
Insurance payment rules vary by state and structure. CoverPay gives you controls for:
Why CoverPay
Most payment systems force insurance workflows into generic transaction models. That is where operations break.
CoverPay is built differently.
Compare CoverPay
See How CoverPay Works
If your team is chasing premium across agents, spreadsheets and separate systems, CoverPay collects it in one place and carries the request all the way to the insured.
