Premium Audits

• What happens when you are notified that the insurance company’s auditors are coming to conduct a premium audit?
• What steps does your current agent take in preparing you for your audit?
• Has your agent made you aware that the Premium Audit which the insurance company performs is actually designed so that almost all grey areas; and frankly a lot of mistakes, go in the insurance company’s favor causing many employers to just flat be Over Charged?

If you wind up doing your audit all by yourself—with no help from your current agent—that’s like allowing an IRS agent to conduct an audit without an expert at your side! Why allow an insurance company auditor to conduct an audit without an expert at your side?

A Workers’ Comp audit could actually cost you more money than an IRS audit. A Workers’ Comp audit happens every year. You may go years without an IRS audit.

You are penalized and “overpay” when the audit police make a mistake.

Frankly, you are at a disadvantage from the start. The insurance company auditor know the rules—you don’t. The auditor is not compelled by law to explain the rules; especially if applying a rule would cause you to pay a lower premium.

Premiums from audits are the easiest way for insurance companies to get more money from you. It’s simple math…every dollar the auditor gets goes right to the insurance company’s bottom line and away from yours.

We review hundreds of Work Comp. Audits. The result is:

• Misclassifications are common and the Work Comp “System” is designed for you to pay for all mistakes.
• The audit process is prone to many other errors and omissions in addition to misclassifications.

Do you know how your audit is conducted? Do you really know? We help you control the audit—not the auditor.

Isn’t it time you took back control of your Workers’ Compensation?