The Main Role Of The Workers Comp Insurance Premium Auditor
The Workers Comp insurance premium auditor works for or is hired by the insurance carrier to perform premium or payroll audits. Most calls and emails that we receive are just after a company has received its yearly Workers Comp payroll audit and has been charged an additional amount of money beyond the initial funds paid when the original policy was issued.

The Work Comp insurance company auditor usually will come in person within 60 days of the end of the policy period. The payroll auditor reviews all of the documents needed and then either issues a credit or additional billing.
Our statistics show that well over 80% of the payroll audits result in an increased bill. The post-audit premium bill can be substantial. Sometimes there are valid reasons for an increased bill, such as more payroll.
Before disputing an audit make sure your payroll did not increase heavily. If so, then your business is successful (congrats!) and that might be the reason. Usually, an employer will have a gut reaction to the premium audit if there is something amiss. Gut reactions are usually correct.
One thing to remember is that the auditor can just about change whatever they want and deviate from the policy. They work for the insurance carrier and they are usually overloaded with companies to audit. Most of the mistakes that we see with a company’s workers comp premiums occur at the time of audit by the insurance premium auditor.
You have received a bill after the audit that says pay within a certain number of days. What do you do?
We will cover that in our next post. Workers Comp Audit Bills
Also Read: General Liability Insurance Premium Audits Definition
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