Workers' compensation audits can be confusing, difficult, and expensive. In this video, I guide you through the major topics related to workers' compensation audits, the pitfalls, and the incorrect assumptions many insureds make about this process.
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The bottom line is that to avoid big audit premium surprises it's important to set up your policy correctly at inception and check in on it during the policy term. If your payrolls are growing throughout the year, it's a good idea to chat with your insurance broker and see if mid-term adjustments are a good idea.
Are insurance company auditors always right? No, certainly not, but this is an area where an expert broker by your side helps you avoid costly mistakes that do happen.
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Frustrated by a workers compensation audit? Looking for guidance? Give me a call and let's chat.
Thanks,
Gordon B. Coyle, CPCU, ARM, AMIM, PWCA
The Coyle Group
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845-474-2924
gbcoyle@thecoylegroup.com
