At its June 2nd meeting, the Executive Committee approved administrative changes to the billing method for the Loss Prevention Platform. The changes are not related to the cost but merely simplify the process. The new method is as follows:
• There will be one process for members regardless of their payment option (direct invoice or premium allocation).
• We will bill on an annual basis (beginning of the fiscal year).
• The invoice for each new year will be based on use during the ending year for the period of April 1st through March 31st. And, an adjustment (debit or credit) for differences between the estimate and actual usage.
Again, please note, this change will not affect the rates or the $1000 minimum/deposit requirement. It simply streamlines the billing process. If you have any questions or are interested in enrolling in the Loss Prevention Platform feel free to contact Travis Clemmer, Loss Prevention Specialist, at email@example.com or (916) 850-7300.