Annual workers compensation consultants premium audits take place 60 days following the end of the coverage. Within 30 days of the policy's expiration, the premium auditor will typically get in touch with your business to schedule a premium audit appointment. The particular items for the auditor to review are specified in the premium audit letter you received.
Although it differs from a tax audit, the premium audit should be handled similarly. Any audit that is successful will have been well-organized. Your firm as a whole will suffer if your records are not organized. You will receive a premium audit results and premium audit billing after your premium audit is finished.
You have the right to ask any concerns you may have regarding the audit results and the billing, and if you do not agree with the findings, you have the right to file a premium audit dispute.
Your policy details every step of the process for a premium audit or premium audit dispute. The insurance company must receive your dispute as soon as possible. The greatest error you can make if you disagree with your premium audit bill is to ignore it.
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