Add Caps

Adding Cap Amounts in the Coverages section will prevent an account from being charged over a specific amount.

Cap Amounts are useful when you have different divisions with varying budgets. If you know a certain division will only be able to afford a certain amount for insurance, and you want the remaining balance to be assigned to the other divisions, you can set a maximum charge here.

1. Access the Coverages tab in the Allocations module.
2. Under the action menu, select Caps. 
   
   
3. Select Add Cap Amount.
   
4. Fill in the Cap Amounts form:
   • Select an Account.
   • Type in a Cap Amount.
     
5. Add other cap amounts for accounts where needed.
6. Select Save Coverage.
7. Select Close Coverage.