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) C.) Minus 1/3 of Total Overtime D.) Plus Misc. Labor / Uninsured Subcontractors (Provide Details on Reverse Side) E.) Plus / Minus other Adjustments (Explain On Reverse Side Other Info.) F.) Total A - E EMPLOYEE PAYROLL DETAIL: Excluding Officers / LLC Members Manual Class Class Description Total Employee 1/3 Average # Payroll Overtime Employees.

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Your insurance company will begin the audit process upon policy expiration. Most audits are completed within 90 days of your policy expiration. Promptly providing the requested supporting documents to your insurer may expedite the process. Your insurer will provide an explanation of your audit results.

A general liability insurance audit examines your business' payroll and risk exposure. An audit makes sure you're paying the correct amount for general liability insurance, and that you're getting the right amount of coverage for your business.

An insurance audit is most frequently initiated through an official letter notifying the practitioner of the payor's intent to conduct an audit. This notification will often include a records request, which will allow the payor to review a sample of your records and other documentation.

An audit is an examination of your operation, records and books of account to discover your actual insurance exposure, including premium basis, classifications and rates that apply, for a specific period of time coverage was provided.

The Premium Audit Reviewer I is responsible for reviewing and processing premium audits and for interpreting results for application to current policies. Responsible for a detailed review of audits to ensure accuracy and compliance with National Council of Compensation Insurance (NCCI) & State guidelines.

Insurance audits exist to ensure you have paid the correct cost of insurance based on your level of risk—no more, no less. These audits make certain that your premium is appropriate and adjust it if not.

If you fail to comply with your insurance audit, you will suffer adverse consequences. Carriers can legally charge you up to three times your annual premium for a non-compliant audit. If you don't perform your workers' compensation audit, it will negatively impact your experience modification factor.

A premium audit is a review of your company's sales and payroll to make sure you paid the appropriate premium for the insurance coverage you needed over the policy period.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232