Workers Comp Premium Audit Bill Payments
I need to make a correction on workers’ comp premium audit bill payments. I do not go back and change any of my prior posts. I decided to add in a post to lessen any confusion on my last post.
One of my colleagues has pointed out that I should not leave any of our blog readers and Google searchers with the idea that the premium audit bill should not be paid even if overdue. I had posted last time that if your company pays its workers Comp audit bill, it will lose leverage.
The main point here is that if you know or feel that your company has been overcharged, you are required by each state’s insurance laws to pay the undisputed premiums when due. The amount of disputed premiums is a grey area. How would you or your company know what the undisputed amount is without assistance?
The other point I wanted to cover is to never use the premium dispute process as a method to delay paying a bill. Carriers may just file a collection lawsuit if they discover you have no basis to not pay the bill.
Workers Compensation insurance carriers have not, do not, and will not accept “I think the bill is too high” as a reason. Some insurance carriers will make payment arrangements. The number of carriers allowing payment plans shrinks every year Calling in a non-agent expert is recommended if you or your company is in this situation with a worker’s comp premium audit bill.
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