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Top 10 List of Work Comp Audit Errors
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Large Additional Premium Due
Number 8 on the top ten list of Workers Compensation Audit Mistakes
- You receive a large bill from your insurance company for your workers compensation audit.
- This can be a very good sign that there is a mistake in your work comp audit. You may be expecting a premium bill from the insurance company but when it arrives you are very suprised that it is so large. This is normally the first indicator you will have that there is a mistake or error in your workers compensation audit.
- If you receive a large additional premium bill you need to do ask these questions:
- Did I expect my work comp audit to generate this amount of additional premium?
- Did I have a big increase in payroll that could have generated such an increase in premium?
- Was there any other reason that may have contributed to this increase?
- If you are unable to justify the increase you have received from the insurance company or the increase seems to be unreasonable you should seek independent help to review your audit. Contact Workers Compensation Consultants for help in reviewing your completed audits for errors and mistakes.
- Remember, it's a fact, insurance companies make audit mistakes every day!!
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