What is a Workers Compensation Premium Audit

What is a Workers Compensation Premium Audit?

An premium audit is conducted by phone, thru the mail, or in person (physical) as it depends on your insurance carriers’ discretion.

Part 5, Letter G of your workers comp insurance policy gives your insurance company the authority to do their premium audit.

Workers’ compensation insurance carriers perform their audit for a workers comp policy generally 30 to 60 days after your policy expiration date.

The audit results will reveal if more premium is due or a credit is owed to you.

Please watch our Learning Center video, “How To Prepare For A Workers Compensation Audit” to learn more.