WORKERS’ COMPENSATION AUDITS
AVOID PREMIUM AUDIT MISTAKES
The annual premium audit—sometimes known as the payroll audit—determines your company’s actual Workers’ Compensation insurance premium for the policy period, as opposed to the estimated premium originally used on the policy. Sometimes there can be dramatic changes in premium based on audit results, and not at all of these changes are welcomed by insured employers. Often these unwelcome changes are not truly correct and legitimate, per the rules that govern Workers’ Compensation insurance. (AKA Workman’s Comp or Workers Comp).
Util recommends a complete policy review from our workers compensation audit experts, which in turn, may result in a significant refund from your insurer. This will ensure that you avoid mistakes that can create premium overcharges in your company’s workers compensation insurance premium.