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| || ||The annual premium audit determines an employer’s actual Workers’ Compensation insurance premium for the policy period, as opposed to the estimated premium originally used on the policy.In order to meet the tough rules and deadlines set by the government, the insurance companies have developed a very efficient premium audit process. While they strive to be as accurate as possible, they don’t have the time or resources to investigate and resolve every possible or error or ambiguity that presents itself. |
To know the rules, the employer needs to take control of the premium audit process, which means anticipating and preparing the exact information the insurance company needs to prevent inadvertent overcharges.
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