Premiums for Usage-Based Insurance (UBI) policies are paid monthly in arrears, meaning you pay for the previous month’s coverage (e.g., pay for April in March). Each month, you are required to send one email containing a spreadsheet to both Bunker and the Carrier. This spreadsheet should detail independent contractor payroll totals, hours worked, miles driven, contractor identifiers, dates, and states where operations occurred. It is crucial that this email is submitted within the first five days of each new month. Additionally, you will receive one invoice per month from the carrier, which accurately reflects the usage for all independent contractors covered under the policy.