Insurance Audits- Don't Be Surprised

Your General Liability Insurance and Workers Comp policies are issued based on your representation of the risk and the premium quoted is an estimate, based on the exposure you show.

At the end of the policy term, the carrier may request an audit to verify the actual exposure. You should always cooperate with the audit.

Documentation may be requested, such as Payroll Records, Profit and Loss Statements, Bank Statements or Tax Returns. Be sure to keep accurate records so the audit can be completed quickly and efficiently.

By monitoring your actual exposure, you can prepare for any additional premiums that may result from the audit.