Workers Comp Payroll Records Hang Around For Four Years+ A company’s workers comp payroll records are vital to the premium audit process. Assessing a company’s payroll records is one of the auditor’s main job functions. So your premium auditor has combed through your company books . The auditor has generated
Audit Dispute Question From A Twitter Follower Our Workers Comp Twitter handle received an audit dispute question from a Twitter Tweeter. Can an insurance carrier perform a mid-term audit and then come back in for another audit after the policy expires? That seems to take up a large amount
Does Your Policy Payroll Match Your Budget Forecast? Your policy payroll should match up with your budget forecast. Payroll and certain benefits – known as remuneration among the Workers Comp premium auditors – should match your budget for your next policy year. Just copying the payroll figures from your
Term Of The Day – Remuneration This is an archaic word at best. It is still used in Workers Comp vernacular as opposed to payroll, etc. Please note that this is a generic list and may not apply to all jurisdictions. Remuneration is not another Workers Comp term for payroll.
Payroll Forecasts vs.Workers Comp Budget Your payroll forecasts can affect your Workers Comp budget . One of the main components of your Experience Modification Factor (E-Mod/X-Mod) is your company’s payroll. One of the disturbing trends that we are seeing is that the payrolls from the last year are used to
Interchange Of Labor Rule For Workers Comp Payroll With the Interchange of Labor Rule – Can Employee’s Job Duties Be Divided on Workers Comp Payroll Reports? A Question From One Of Our Readers On The Last Post – Are we able to split a job into different duties and keep
