Our Workers' Compensation Policy Audit service is designed to help companies ensure the accuracy and appropriateness of workers' compensation related insurance premiums. We understand that many commercial insurance policies, especially Workers' Compensation policies, are subject to audits that may influence insurance premiums based on corrected payroll.

Our team of insurance and audit experts will work closely with your company to conduct a comprehensive audit of your Workers' Compensation policy. Through this process, we will ensure that the reported payroll is correct and that the proper rates are applied, thus avoiding possible under or over-valuation of the insurance premium.

Our service includes:

1. Review of records and documentation: We analyze payroll records, tax returns and any other relevant documentation to verify the accuracy of the information reported. We identify potential discrepancies and provide recommendations to correct any errors or missing information.

2. Corrected payroll: Using established regulations and formulas, we calculate the corrected payroll in accordance with Workers' Compensation policy guidelines. This ensures that the insurance premium is based on an accurate and appropriate payroll.

3. Verification of rates and classification: We review the rates and classifications applied to your Workers' Compensation policy to ensure that they are appropriate for the industry and the specific characteristics of your company. We identify possible errors or inconsistencies and provide guidance on the correct rates and classifications to apply.

4. Coordination with the insurance company: We work closely with your insurer to ensure that the audit is conducted effectively and that all parties are aware of the results and corrections made. We facilitate the communication and resolution process for any discrepancies or concerns.

5. Advice on best practices: We provide advice and recommendations on best practices for maintaining accurate records and complying with Workers' Compensation reporting obligations. This helps avoid future discrepancies and ensures proper management of the insurance policy.