The premium audit protects the business owner and workers compensation insurance carrier.
Perhaps, you, your agent or the insurance carrier made a mistake either during the underwriting process or during the policy term?
The audit is a light that shines on the past. In turn, the premium audit results will reveal if either premium money (credit) is due or an employer owes more money (debit). Believe it or not, more often than not, we see that business owners receive premium money back more often than them having to pay more premium.
If the business owner does not like the findings of the premium audit, the findings can always be disputed.
Learn more about aWorkers Compensation Insurance Audit