The new feature provides flexibility in displaying sales tax during premium calculations. Not every insurance product includes sales tax as part of its premium, this feature allows users to either hide/show the sales tax in the premium calculation.
Key Features:
Toggle Option: BrokerLift services can now toggle the visibility of sales tax in premium calculations based on the specific requirements of each insurance product.
Customizable Display: Sales tax can be hidden or shown depending on whether it is applicable to the insurance product.
Enhanced User Experience: Provides a clearer and more relevant premium display to end users by aligning with the tax policies of different insurance products.
Applied throughout the Product: This feature is applied to all displayed Premiums throughout a product (e.g. New Business Applications, Endorsements, etc).
This feature is now available to all Products built within BrokerLift.