Dread insurance audits? Maybe they stand out because the audit period is inconvenient.
Let's take a look at payroll oriented audits like workers' compensation.
The easiest audit will cover a period defined by four quarterly employee tax fili...
Workers' compensation requires an end of the policy year audit to assure proper premium is charged. This process protects both the insured and insurers.
Think through this process to make it easier, and cost saving. First, choose a policy year ...
Your Liability insurance premiums are based on two fundamental factors: First, the types of operations you perform (carpentry, electrical, etc.); and second, the amount of payroll and/or revenue assigned to, or arising from, those services. Although ...
Whenever you're asked to bid on a job, you're usually required to certify that the price is firm and that there won't be any unexpected expenses and cost overruns once the project is underway. Because this is standard practice in the industry, it's u...
It might be hard to fathom any type of audit being beneficial, but premium audits are actually just as important to you as they are to your insurance carrier. When you were first issued your policy, the carrier looked at the estimated sales figures ...