Creating an Endorsement

Policy amendments are made by creating endorsements from the 'Endorsements' tab in the relevant Policy section

Applies to:

Endorsements let you amend or cancel policies
You can only add one endorsement at a time; an endorsement must be issued before you can create a new one.
BindHQ supports non-sequential endorsements in case you need to issue endorsements in a non-chronological order (based on the Effective Date).
If this creates a conflict in the system, you may need to invalidate an endorsement and then re-add it.

Navigate to a Policy and select the Endorsements tab.
On the left, click Add Endorsement.

Note: Endorsement 0 is auto-generated when the Policy is bound within the platform, but it is not 'issued'. Before creating a new endorsement, you must ensure that you 'issue' the policy Endorsement.

The Endorsement pop-up opens.
Fill in the fields to populate the endorsement document, then click Continue to Editor.

Note: The Description text is pulled into the endorsement document.
Review the Policy details on each tab of the editor and make updates as needed for the Endorsement.

Note: For return premiums, use a negative sign (-) when entering the Premium and any related taxes or fees.
After finalizing the endorsement details, click Save Endorsement on the bottom right.