Energy On The Offensive #043 - Ever Owe Money After A Work Comp Audit?

In the past week I have helped three clients with incorrect workers comp audits. In all three cases, the insurance company was trying to collect more additional premiums than deserved. Just yesterday, we uncovered that an auditor incorrectly included employer payroll tax and health benefit contributions in the audited payroll. This saved the client from paying an $8,000 audit. See below.

My Advice:

• Don’t pay any audit bill until the audit has been reviewed for accuracy and you know exactly the discrepancy causing the additional premium is.

• Know what red flags to watch for. Reply to this email if you would like our client guide: 16 Warning Signals that You May Have Overcharged You on Your Workers’ Comp Audit.

• Work with an agent who reviews your audits for accuracy. You shouldn’t have to be an expert or do the work yourself. That is what we agents/advisors get paid to do. Reach out if you want a free, no-obligation policy / best practices analysis.