Policies are issued upon receipt of payment in FULL. If the premium is not paid by the invoice due date, the insurance evidenced by the Confirmation of Binder shall be cancelled flat as if coverage had never existed.
PAYMENT OPTIONS:
- Note We do not accept direct payments from insureds, agents, or finance companies. Payments can only be accepted from the brokerage on the account.
ACH CREDIT
- ACH payments/transfers are initiated by broker
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To Enroll
- Enrollment is not required
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To Remit Payment
- ACH instructions are printed at the bottom of each policy invoice
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The banking information on each invoice may differ based on the specific market being paid
- Send all remittance to TSR Payments at payments@tennant-risk.com. Please be sure to include the policy number to guarantee payment is applied correctly.
ACH DEBIT
- Newly added April 2020
- ACH payments/drafts are initiated by TSR at the brokers request
- To Enroll
- Complete the Enrollment Form as written authorization to debit your bank account via ACH
- Send completed Enrollment Form to Shamika Milner smilner@tennant-risk.com
- Download Enrollment Form
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To Remit Payment
- Submit your company’s ACH remittance advice and the ACH Authorization Form to TSR payments at payments@tennant-risk.com
- Tennant Special Risk will process the draft through the ACH network (We will do this for any financial institution or credit union that is a member of the Federal Reserve banking system.)
- The ACH transaction is debited from the checking or saving account provided
- Download Authorization Form