General Coverage Information and Minimum Charges

Within the General section, you will be able to add coverage information as well as add minimum charges.

Add a Coverage

Cost components can be shared across coverages. Read more about shared amounts for coverages.

1. On the Coverages page, select Add Coverage.
   
2. Fill in the Name, Asset Type, and Program Type. 
   
   For the Program Type, selecting Full Distribution means you will enter rates into the weighting rate fields when defining a rate class.
   
   Selecting Fixed Rate means you will define dollar amounts that will serve as rates for each asset rate class.
   
   See examples of how Full Distribution or Fixed Rate types affect the application of the rates.
3. Select Use minimum charge? if needed.
   
   Details on the minimum charge are below.
4. Select Next.
   

Use Minimum Charge (Optional)

1. Under the general coverage information, you will see the Minimum Charge section. Check the box if you want to ensure all assets included will result in a minimum charge. This feature is helpful in the event that the value of a particular asset is too small for a rate to be computed. This step is optional.
2. For the next section select Yes or No to Override allocated charges that fall below the minimum charge. If you click Yes, any accounts with a charge below the minimum will automatically receive the minimum charge. If you select No , only accounts with an allocated amount of $0 will be assigned the minimum charge.