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 [email protected], 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 [email protected] for more help.