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Work Comp Insurance Audit

A work comp insurance audit is a review of records by an insurance company to verify the payroll and class codes of a business for workers' compensation insurance¹²³⁴. 


It may be done by mail, phone, or in-person¹². It ensures that the business has paid the correct premium for the previous year and adjusts it if necessary¹³⁴. 


Class codes classify different job duties and their exposure to risk⁴. Workers' compensation insurance covers employees who sustain injuries in the workplace⁵.


We are here to assist in your insurance and planning needs. Please reach out to us today. And, as our gift, you are welcome to download this informative FREE resource.  


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(1) What’s a workers’ comp audit and how does it work?. https://pieinsurance.com/blog/workers-comp/what-is-a-workers-comp-audit/.

(2) Workers’ Compensation Audit | The Hartford. https://www.thehartford.com/workers-compensation/audit.

(3) 6 Common Mistakes on Workers' Comp Audits That Can Cost You. https://www.hourly.io/post/how-to-avoid-pitfalls-on-a-workers-comp-audit.

(4) Workers Compensation Insurance Audit. https://www.workerscompensationshop.com/workers-compensation-audit.

(5) What Is a Workers’ Compensation Insurance Audit? | Insureon. https://www.insureon.com/blog/what-is-a-workers-compensation-insurance-audit.

Work Comp Insurance Audit
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Pelayo Insurance & Financial Services - Pelayo Seguros y servicios financieros

Bianca

Pelayo

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Servicing all of California

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Pelayo Insurance & Financial Services - Pelayo Seguros y servicios financieros

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We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all of your options. By providing your contact information for quote requests for material downloads, you grant permission for licensed insurance agent, identified here, to call you regarding your Medicare options including Medicare Supplement, Medicare Advantage, and Prescription Drug Plans.

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Consult your legal, tax accountant, financial and insurance professional for more advice.

 

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