Premium audits are used to determine final costs for Workers’ Compensation, General Liability, Rented Equipment, and Cargo policies. At policy inception, premiums are based on estimates, and at the end of the term, an audit reviews payroll, classifications, and receipts. Errors are common, such as misclassified employees or overlooked adjustments, which can result in higher costs. We assist by preparing documentation, reviewing audit findings, and pointing out potential discrepancies. While final corrections must be handled with the carrier, we can also guide your agent through the process.