As a business owner, it’s essential to have adequate insurance coverage to protect your investments, employees, and customers. One of the top providers of commercial insurance in the market is Ascendant Commercial Insurance. In this article, we’ll explore everything you need to know about Ascendant Commercial Insurance, including the coverage options, eligibility requirements, and benefits that come with their policies.
What is Ascendant Commercial Insurance?
Ascendant Commercial Insurance is a subsidiary of National General Insurance that specializes in providing commercial insurance solutions to small and medium-sized businesses. With over 30 years of experience in the industry, Ascendant Commercial Insurance has become a reliable and trusted provider of insurance coverage to business owners across the United States.
The company offers a wide range of insurance services, including general liability, workers’ compensation, commercial auto, cyber liability, and professional liability insurance.
What Coverage Options Does Ascendant Commercial Insurance Offer?
General Liability:
General liability insurance protects businesses from third-party claims of property damage, bodily injury, or personal injury. This coverage includes legal fees, medical expenses, and other costs associated with defending against lawsuits arising from accidents on your business premises or due to your products or services.
Ascendant Commercial Insurance offers customizable general liability policies that cater to your specific business needs. They provide coverage limits of up to $1 million per occurrence and $2 million in total aggregate coverage.
Workers’ Compensation:
Workers’ compensation insurance is mandated by law in most states and covers your employees’ medical expenses and lost wages if they get injured or fall sick while performing work-related duties. It also provides employers with liability protection against lawsuits filed by injured employees.
Ascendant Commercial Insurance offers cost-effective workers’ compensation insurance options to help business owners comply with state laws and protect their employees from financial loss due to work-related injuries or illness.
Commercial Auto:
Commercial auto insurance provides coverage for vehicles used for business purposes, such as delivery trucks, company cars, and other vehicles used to transport goods or people. This coverage includes liability protection, collision coverage, and comprehensive coverage.
Ascendant Commercial Insurance offers commercial auto insurance policies that provide protection against physical damage to your vehicle, bodily injury, and property damage to third parties. They also offer coverage for uninsured or underinsured drivers and personal injury protection (PIP) benefits.
Cyber Liability:
In today’s digital age, businesses face an increasing risk of cyber attacks, data breaches, and other cybersecurity threats. Cyber liability insurance provides coverage for losses arising from theft, hacking, or loss of sensitive customer data.
Ascendant Commercial Insurance offers cyber liability insurance policies that protect businesses against damage caused by cyber attacks, including data breaches, loss of digital assets, and network downtime. Their policies cover first-party and third-party losses and provide up to $10 million in coverage.
Professional Liability:
Professional liability insurance, also known as errors and omissions (E&O) insurance, provides protection against claims of negligence, malpractice, or other professional errors committed by professionals such as doctors, lawyers, architects, and other professionals.
Ascendant Commercial Insurance offers professional liability insurance options that cater to a wide range of professionals, including architects, engineers, technology consultants, and healthcare providers. Their policies provide coverage limits of up to $5 million per occurrence.
How Do I Qualify for Ascendant Commercial Insurance?
To qualify for Ascendant Commercial Insurance, you need to contact an authorized agent to get a quote. The qualification process involves providing information about your business, such as the nature of your operations, your industry, number of employees, location, and past insurance claims history.
The eligibility requirements for Ascendant Commercial Insurance policies may vary depending on the type of insurance coverage you need. Your insurance agent will guide you through the qualification process and help you choose the right coverage options for your business needs.
What Are the Benefits of Ascendant Commercial Insurance?
Ascendant Commercial Insurance offers several benefits to business owners, including:
Customizable Coverage Options:
Ascendant Commercial Insurance policies are fully customizable to meet your business needs. You can choose the coverage limits, deductibles, and endorsements that fit your budget and risk management strategies.
Excellent Customer Service:
Ascendant Commercial Insurance has a team of experienced insurance professionals who are always available to answer your questions, provide guidance, and help you file a claim. They strive to ensure that you get the best possible customer service experience throughout your policy period.
Competitive Rates:
Ascendant Commercial Insurance offers affordable rates for their policies, making them accessible to small and medium-sized businesses. They also offer discounts for bundling policies, having a good claims history, and implementing risk management strategies.
Fast Claims Processing:
Ascendant Commercial Insurance has a streamlined claims processing system that ensures that you get your claims paid out quickly and efficiently. Their claims team will guide you through the claims process, assist you in collecting necessary documents, and work with you to ensure a speedy resolution.
FAQ:
What is the Claims Process for Ascendant Commercial Insurance?
To file a claim with Ascendant Commercial Insurance, you need to contact their claims department through their 24/7 hotline or online portal. They will assign a claims adjuster to investigate the claim, collect evidence, and determine the coverage and payout amount. You will need to provide supporting documents, such as police reports, medical bills, and witness statements, to expedite the claims process.
What is the Waiting Period for Ascendant Commercial Insurance?
The waiting period for Ascendant Commercial Insurance policies may vary depending on the type of coverage you need. For example, workers’ compensation insurance coverage usually starts on the first day of employment, while general liability insurance has no waiting period. Your insurance agent will guide you through the waiting period requirements for your policy.
Can I Add Additional Coverage to My Ascendant Commercial Insurance Policy?
Yes, you can add additional coverage to your Ascendant Commercial Insurance policy through endorsements, riders, or standalone policies. These options provide extra protection for your business against specific risks that are not covered by your existing policy. Contact your insurance agent to learn more about the additional coverage options available for your policy.
Can I Cancel My Ascendant Commercial Insurance Policy?
Yes, you can cancel your Ascendant Commercial Insurance policy at any time by providing written notice to your insurance agent or the company’s customer service department. Be aware that cancellation fees may apply, so contact your insurance agent to learn about the cancellation policy for your policy.
Conclusion
Ascendant Commercial Insurance is a reliable and trusted provider of commercial insurance solutions for businesses of all sizes. With a wide range of coverage options, customizable policies, and excellent customer service, Ascendant Commercial Insurance is an excellent choice for business owners looking to protect their investments and manage risk effectively. Contact an authorized agent today to learn more about Ascendant Commercial Insurance and how their policies can benefit your business.