Receive Your Commissions Faster with our Net Revenue Tracker
With the second quarter of 2025 in full swing, many insurance brokers are spending days chasing down payments. Cancellations or late payments lead to delays in commissions, which disrupt cash flow and waste valuable time.
It’s hard enough to hit quotas on a monthly or quarterly basis. If you aren’t staying on top of renewals, you’re leaving money on the table. As a wholesale general agency, The DBL Center understands these frustrations.
The Hidden Cost of Cancellations and Late Payments
When a policy comes up for renewal and it slips by your client’s desk, or Accounts Payable has it scheduled for later in the month, the broker loses out. Policies may be canceled due to non-payment.
Brokers don’t realize it until it’s too late and their commission is delayed. The client may switch insurance providers without your knowledge. Delays in carrier reporting can also lead to delayed commissions.
You didn’t sign up to become a collections agency. Yet, that’s become one of the many hats you need to wear as an insurance broker. Your key role should be as a trusted advisor, detecting risk gaps to match clients with the coverage they need, but you can’t do that if your time is spent tracking payments and dealing with administrative tasks.
If you don’t have a system in place to track it all, you may not realize your clients missed a payment – and you missed out on a commission – until months later.
New York brokers might be accustomed to backdating payments to prevent a lapse in coverage. But, as of summer 2025, that will no longer be an option for private carriers. Tactics like that won’t help your cash flow situation, anyway.
It’s more important than ever for brokers to rely on The DBL Center to help track renewals and stay on top of cancellations. Eliminating cancellations for non-payments will help you manage cash flow better and lead to more satisfied clients.
Tracking Renewals and Cancellations: The Key to Better Cash Flow
Proactive tracking helps identify unpaid commissions early. When you know exactly when payments are coming in, and know which ones you’ll need to chase down, it helps create a more predictable cash flow and stable business.
In these uncertain times, financial stability creates confidence and frees up your time to focus on growing your book of business. With The DBL Center as your back-office staff, and the exclusive technology we provide our brokers, you’ll have more time to focus on what you do best: Insurance sales.
The Net Revenue Tracker: A Broker’s Solution for Faster Payments
We’ve said it many times, a famous quote from The DBL Center founder David Cohen: “Nickels, dimes and quarters make dollars.”
Cohen started this business tracking every new client and renewal on a ledger, using a pencil and paper to grow his wholesale general agency.
“I decided to look at his tracking mechanisms with his old-school number two pencil and general ledger, take that ideology, and convert it into our own proprietary digital management system,” DBL Center president Michael Cohen recalled in a prior interview. “That ultimately evolved into our Broker Dashboard: Net Revenue Tracker.”
With The DBL Center’s Broker Dashboard: Net Revenue Tracker, you’ll receive notifications sent directly to your inbox reminding you about renewals and informing you of impending cancellations. By being proactive, you can avoid cancellations to keep money flowing in consistently every month or quarter.
The Net Revenue Tracker gives brokers real-time visibility into pending and missing payments, push notifications sent directly to email regarding renewals or cancellations, and a centralized location to manage all your accounts serviced by The DBL Center.
Take Control of Commissions and Improve Cash Flow
Want to take a peek at the latest version of our Net Revenue Tracker, with apps available for iOS and Android? Reach out today to schedule a demo.
