Audit Workpapers Are Important To Employers In All Cases
The Audit Workpapers are important to your Workers Comp premium reduction program. Worksheets prepared by the Workers Comp premium auditor, can be either hand-written or computerized, showing how the auditor arrived at the payroll numbers that are used to determine the audited premium.
As the insured, you have the right to see all of your premium auditor’s workpapers including if any checklist is used by the auditor. Almost all workpapers are presently computerized and usually in spreadsheet form.
Many times the workpapers answer most of the questions that an employer has concerning the just-completed workers compensation audit.
If you have questions after reviewing the audit workpapers, most premium auditors welcome questions on the audit. It is critical to keep a copy of the auditor’s contact information.
Most auditors use a template provided by the insurance carrier of freehand them on Excel (r). J&L Risk Management always requests the documents from employers if we help them review their premium audits.
Employers should request the workpapers from the premium auditor immediately if none were left at the conclusion of the audit. This request should be in writing, preferably email. See the premium auditor Term of the Day (c) for more info on interacting with the auditor.
©J&L Risk Management Inc Copyright Notice