Top 10 List of Work Comp Audit Errors
- Associations & Sponsor Groups
- All Employers
- Chamber of Commerce
- Contractors
- Manufacturers
- Distributors
- Precision Machine Shops
- Transportation
- Processing & Assembly
- Hospitals
- Not for Profits
Are You Overcharged for Workers Compensation?
No Physical Audit Completed
Number 10 on the top ten list of Workers Compensation Audit Mistakes
- An insurance company will complete one of these three basic types of work comp audits;
- Mail Audit
- Phone Audit
- Physical Audit
A mail audit is where the insurance company mails you an audit form to complete and instructs you to mail, fax or email the completed form back to their office for processing. Here's a question for you. ARE YOU A TRAINED PREMIUM AUDITOR? Probably not. We've found the so-called self audit forms are confusing at best and when completed by an employer are normally completed incorrectly. Your audit premium is based on the accurate completion of these forms.
- A phone audit is just what it states, an audit completed over the phone by an insurance company audit department employee. These are usually conducted with the business owner however this task may sometimes be given to someone who works in your office. We find this audit method creates inaccuracies due to communication errors between the parties.
- A physical audit is conducted by an insurance company or sub-contracted auditor, on your premises, with you the business owner. This is the most accurate type of work comp audit but don't let your guard down. Just because the auditor visits with you at your work place doesn't mean they will always complete an accurate audit. Keep in mind audit mistakes are made every day!
WORKERS COMPENSATION CONSULTANT
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email: rks@workcompconsultant.com
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