Employers Workers Comp Audit. For over a century weve been providing Americas small businesses with cost-effective workers compensation insuranceWith our emphasis on financial stability and fast efficient claims service we now serve clients in 46 states and the District of ColumbiaEMPLOYERS remains focused on keeping Americas Main Street. At EMPLOYERS weve simplified the workers compensation premium audit process by offering online premium audits.
Founded in 1912 and with assets under management of approximately 28 billion it is the largest state-operated provider of workers compensation insurance in the United States. Sep 06 2018 An annual premium audit is a great opportunity to review your workers comp class codes and included payroll for accuracy. To get started EMPLOYERS policyholders simply log into EACCESS and navigate to My Premium Audits.
After a Workers Comp policy ends its routine for the insurance company to perform a premium audit sometimes known as a payroll audit This enables the insurer to determine actual payroll amounts that occurred during the policy period which are almost always different than what had been originally estimated when the policy started.
The amount paid includes money and. It states that the employer must allow the insurer to audit the policy anytime within three years after the policy has expired. Workers compensation policy premiums are based on estimates you provide at the time of your insurance application or estimated payrolls reported through a pay-as-you-go program such as EMPLOYERS PrecisePay. A Workers Compensation Insurance Company.
