Repeating Workers Comp Premium Audits – #1 Question Received
Repeating Workers Comp Premium Audits Now A Huge Concern – What To Do Are carriers repeating workers comp premium audits from past years? Every few
The Workers Comp premium audit usually occurs within 60 days after policy expiration. The audit usually involves an in-person physical audit by a premium auditor that works for the carrier. Audits are subject to high error rates. The employer can initiate a premium dispute if they disagree with their premium audit result.
The process usually involves these steps:
The audit process remains one of the reasons that employers contact us the most often. Many times, the employers do not understand the process.
Carriers and agents sometimes do not entirely explain the process to an employer unless the insured client has disputed the audit.
One of the most disputed items is that after the insured receives their premium audit bill, another policy period has already begun with the same worker’s comp insurance carrier.
The employer will pay a stiff fee known as a short rate penalty if they jump to another carrier during the policy period.
Many times, the insurance carrier will forward their overdue bill to an attorney for collection through the courts even when a valid dispute has been launched by the insured employer.
The premium audit process is one of the most controversial topics with employers, carriers, and premium auditors.
Repeating Workers Comp Premium Audits Now A Huge Concern – What To Do Are carriers repeating workers comp premium audits from past years? Every few
Why The Number 36 Is A Crucial Policy Dispute Time Limit We are contacted at least twice a month where the policy dispute time limit
Workers Comp Premium Audit Process Changed Forever Oh no – another pandemic effect article. Yes, we have seen too many over the last 36 months.
Workers Comp Premium Audit Records After Zoom Your company’s workers comp premium audit records may need to be at your fingertips for a few years.
Hybrid Premium Audit Prep – Changing the Paradigm For Employers Last week, I promised that I would write or update an article to the Zoom
Zoom Hybrid Premium Audits – Not Just Temporary Pandemic Fix I had thought Zoom hybrid premium audits were going to fade away once the pandemic
Premium Audit Dispute Delay Costs Company $500,000 – Ouch! Over the last 13 years that I have been writing articles for the J&L website, I
Will Today’s Hybrid Audits Ever Return to Physical Premium Audits? First – let us define the three types of audits in this article – Short
Newsletter Reader Asks What Is the Difference Between a Premium Audit Statement, Premium Audit Bill, and Premium Audit Report? A premium audit report, statement, or
Workers Comp Premium Savings – Keep Your Website Updated How can workers comp premiums savings come from updating your website? One of our clients from
Premium Audit Statement is One Piece of the Puzzle The Premium Audit Statement (PAS) or bill is one of the documents that will show the
Top 10 Work Comp Questions From Our Readers The top 10 work comp questions originate from the emails and calls we receive every month. The
We Are Unable to Pay Work Comp Audit Bill – Help Companies that cannot afford their Work Comp audit bill is one of the main
Workers Comp Audit Question Blog Readers Ask Workers Comp audit questions are emailed or called in to us quite often. I was unable to cover
Mail-In and Hybrid Premium Audits Possible With Technology Hybrid Premium audits are becoming more popular every year due to technological advancements. Securely scanning and emailing
Upcoming Premium Audit For January 1st Renewals The January 1st renewals for Work Comp policies have a premium audit approaching soon. We receive many inquiries
Premium Audit Workpapers Are Golden The premium audit workpapers can be one of the easiest methods to document your yearly WC premium audit. The workpapers are
Disputed Premium Audit Bill – How Much To Pay? One question that we receive the most often is the sufficient amount to pay when there
Canceling Your Policy Right After Renewal Bad Choice Will canceling your policy post-renewal due to a premium audit cost your company $$$? We receive this
WC And Hospitality Industries Are Similar – Service and Employees The WC and Hospitality Industries are very similar in quite a few respects. The idea
Premium Audit Disputes Warning Since the first of the year, a large number of inquiries on premium audit disputes from employers with premium audit disputes.
Best Premium Audit Software The best premium audit software may already be right in front of you and costs nothing to use. We receive many
Estimated Premium Audits Not Sound Judgement By Employer Estimated Premium Audits for non compliance costs many employers dearly. Premium audit bills and notices generate most
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
Payroll Audit vs. Workers Comp Policy Payroll audit vs Workers Comp policy renewal timing has been a controversial subject for many years. We received this
Audit Dispute With No Explanation Can Create Bad Vibes A premium audit dispute with no explanation of why it was disputed can wreck your Workers
California Physical Premium Audits The rules for California physical premium audits have changed recently. The WCIRB (California’s Rating Bureau) recently released a reminder memo on
Final Workers Comp Policy Bill Comes From The Premium Audit The final Workers Comp Policy bill results directly from premium audit. I received a question
Workers Comp Audit Materials Needed The materials needed for Workers Comp Audit are communications, data, information and contracts. We receive this question quite often when
Payroll Audit Increased Policy Cost Significantly Below are five scenarios why your payroll audit may have increased policy cost. I received this question earlier this
Audit Agreement – Premium Auditor Asked Employer To Sign Off ??? The Audit agreement form has been a rather controversial topic. This question was emailed
Seven Premium Audit Resolutions The seven premium audit resolutions to reduce stress are below. As the premium audit season rolls around every year, I usually
Changing Carriers Due To Premium Audit Bill Can Be Costly Our Workers Comp premium audit bill surprisingly increased our premium by 26%. We do not necessarily agree
Workers Comp Premium Saving Resolutions Workers Comp Premium saving resolutions are always a great way to start the New Year. There are six easy workers comp
Workers Comp Premium Audit Season Over The Next 3 Months Workers Comp premium audit season is upon us again. Why do I designate this time
Does Your Policy Payroll Match Your Budget Forecast? Your policy payroll should match up with your budget forecast. Payroll and certain benefits – known
Premium Audits May Go Back Into The Past Workers Comp premium audits can be a harrowing situation. This can be worse when you current or
Premium Audit Workpapers – No Harm To Ask For Them Premium audit workpapers are one of the audit items that are seldom provided to employers. I
Premium Audit Dispute – DIY A Premium Audit Dispute can go awry if a company is not careful. Last week, I received an email with
Our Premium Audit Bill Caused Questions Our premium audit bill just arrived. I have questions on how our final bill was calculated and how our
Company Growth = Workers Comp Audits Change As your company grows the Work Comp audits will change. Workers compensation audits for very small companies are
Audits For Public Employers Upcoming Premium audits for public employers are about to increase dramatically. Most public employers have a renewal date of July 1.
Reader Question – No XMod On Premium Audit Bill A reader question came in this week concerning the lack of an XMod on the premium audit
Fully Paid Policy – Premium Recovery May Not Be Fruitful Workers Compensation premium recovery can be very complicated on a prepaid policy. Over the weekend, I
Five Days Notice Until Proposed Premium Audit Date Less than five days notice cannot be enough time for a employer to prepare for a premium
Urgent Question – Payroll and Premium Audit I received this urgent question on payroll and premium audit at 2 AM. The sender must have been
Premium Audits And The Short Rate Penalty In my last post, I covered the predicament some employers can be in when they want to switch
Offer Warning – Premium Audit Before Carrier Audits Policy A certain type of premium audit offer warning for our blog readers was required after two
The Most Common Premium Audit Bill Mistake A devastating premium audit bill mistake occurs when no payment is made by the insured. The Workers Compensation
Revisited – Premium Audits and Bathroom Breaks The question on bathroom breaks and premium audit required a revisit. I have received a large number of responses
Workers Comp Premium Audit Question I received a question this week from one of our blog readers that had this WC Premium Audit question. “I have
Premium Audit Nightmare – Change Policy Renewal Date A premium audit nightmare that can happen with January polices can easily be avoided with some planning.
Paying The Premium Audit Bill Misunderstanding Last week, I wrote a post concerning paying the premium audit bill. I have heard from a few of
Paying The Undisputed Premiums Requirement The undisputed premiums after the audit should be paid to the carrier. We have received a number of questions on how
Should Premium Audits Be Allowed During Policy Period? I received this question last week on premium audits. I know that an insurance carrier comes in
Tax Audits from Premium Audits? Most Tax Audits make every business concerned due to the time required and possible costs. As I had expected, the
Premium Audit Disputes vs. Collection Agencies Most premium audit disputes may not be documented by a collection agency. I received a great question on Premium
Large Deductible Programs I had been asked this question three times over the last two weeks. “We have a large deductible programs for our Workers Comp.”
Hybrid Workers Comp Premium Audits Now More Popular Hybrid workers comp premium audits seem to be rising in popularity very quickly. I noticed this term
The Premium Audit Bill Arrives Without Explanation We receive this premium audit bill question quite often. I wanted to reiterate what how an employer should handle
Overcharges And Premium Audit Errors Exist in Public Employers Overcharges and premium audit errors are not only for private employers. Premium audit and policy errors
Public Employers Workers Comp Audits Now Due The public employers are due for a premium audit very soon. A large number of our clients are
Four Choices For A WC Premium Audit Bill Over the years, we have received the most communications from employers when a premium audit bill has
The Lesser Known Standard Exception Codes Last week, I posted on the Standard Exception classification codes namely 8742 and 8810. The concern of a few
A Great Premium Audit Classification Codes Changes Question – Be Careful Here Earlier this morning, I received a great follow up question about great premium
Premium Audit Question On Class Code Changes We received a Premium Audit question on classification codes last week. We had worked on our own
D-Day – Premium Audit Bill Deadlines Why would I post that this is premium audit D-Day? A majority of our clients renewed on 1/1/11. January
WC Premium Audit Bills Always Generate Calls and Emails The workers comp premium audit bills cause us to receive calls and emails on a daily
Hybrid Premium Audits May Become Future of Audits (Almost) Most Hybrid Premium Audits on a Workers Comp policy are when the insurance company auditor asks
Term of the Day- Expense Constant Charge The Expense Constant charge is a fee charged on every Workers Compensation policy, regardless of the policy size.
Do We Need To Pay The Premium Audit Bill Immediately? All employers have concerns on whey they should need to pay premium audit bills as
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 Audit Bill Payments I need to make a correction on workers’ comp premium audit bill payments. I do not go back and change
For Late Payment Workers Comp Carriers Cancel Policies According to the Workers Comp it can carriers cancel policies for late payment of premium.We recently received
Premium Audit Bill – Five Things To Do The five things that you should do with a premium audit bill. I am going to let
10 Things To NOT Do Concerning Premium Audits With premium audits, there are 10 things we recommended not doing at all. As most Workers
Buying Business And Workers Comp Premiums A business owner may experience a Workers Comp Premiums shock when buying out a new business. We have received a
Workers Compensation Changes Of Company Ownership The E-Mod liabilities change for Workers Compensation during changes of company ownership. I received a question last week concerning
Waived Premium Audit May Not Be A Good Idea The Waived Premium Audit allows an insurance to not perform a yearly audit. I have come
Can Premium Audits = Manufacturing Rate For An Office Employee? When can premium audits generate manufacturing rates? Two weeks ago, I posted on how
Premium Or Payroll Audit Process The premium or payroll audit process contains many Myths and Truths. I was going back through some of the posts
Workers Comp Program Can Be Harmed In Different Ways How can you harm your Workers Comp program? Most employers have concerns that decisions about what
US Appeals Court Sides With Employer On Premium Audit Dispute An employer disputed the premium audit properly was the US appeals court ruling from last
WC Premium Statement and Bill Did your company dispute your WC premium statement and bill? If your company feels the insurance carrier has not billed
Workers Comp Insurance Carrier – Two Employers = 23 years of premium audits Two employers are suffering through 23 years of Workers Comp premium audits.
Can I Question My Premium Audit Without A Dispute? How can I Question my premium audit without going through a formal dispute process? This is
Workers Comp Audit Workpapers =Premium Auditors Paper Trail The Workers Comp Audit Workpapers are the auditor’s complete calculations that were created during the audit. They
Workers Comp Premium Auditor Can Look At All Records We often receive this question in a phone call from an employer who has just been
Workers Comp Insurance Carriers and Premium Audits One of the major trends that we are seeing right now is that quite a few of the Workers
Almost The Time Of Year for Workers Compensation Audits Its that Workers Compensation Premium Audits Time of the year – almost. With the largest number
Workers Comp Payroll Audit Notice Very Important My company has received a Payroll Audit notice. This is one of the most popular questions that we
Workers Comp Insurance Company Auditor Financial Records Access Should an insurance company auditor access my financial records? This was a question from one of our
Workers Comp Question About Premium Audit Bills An article reader recently emailed a question on the premium audit bills. When we were named “One of
Workers Comp Audit Bill – Readers Question The Blog readers question about handling a WC \audit bill. We received a huge bill from our Workers’
What To Do (Not) – WC Audit Bill Workers Comp – what not to do with the premium audit bill. I received my Workers’ Comp
Insurance Carrier Loss Control – Another Premium Audit? Loss Control efforts by insurance carriers sound like such a good idea. We have had two clients
Insurance Carriers Disturbing Trend We have noticed a very disturbing trend from Workers Comp insurance carriers. Often, after accepting a new policyholder, the insurance carrier
Payroll Audit Dispute And NCCI Is a Payroll Audit Dispute worth our time? How long do we have to dispute the premium audit results that
Workers Comp Audit Bills – Do Not Just File Them Away The Workers Comp audit bills from your insurance carrier require some type of action.
The Workers Comp questions and comments vary greatly We received this question recently: A consultant came into our offices and sold us on doing Workers
Web Design in Raleigh By Redwood