Can audit premiums be financed through Ascend?

Audits are not financeable with Ascend. Because nearly all audit premiums are 100% minimum earned or fully earned by the MGA or carrier, Ascend has no collateral to cancel for insured non-payment, as we do with existing coverage on a policy premium.

What happens if I accidentally finance an audit premium?

If your team financed audit premium through Ascend, please get in touch with our Support Team at support@useascend.com, and we will assist with addressing the issue.

How to collect audit premium through Ascend

The best way to collect payment for Audits is by endorsing the existing policy (Actions > Endorse), with minimum earned premium set to 100%. This will allow you to collect funds from your client directly, and Ascend will not generate financing terms.

You can also create a new quote (Actions > Add quote) on the existing program with coverage type set to "audit".

If you have any questions about audits please reach out.

Contact Us

Need more help? Contact us at support@useascend.com for more help.