Are you facing an Audit?

Annually, workers compensation audits are conducted by your insurance company to establish if you have paid your full premium.  Auditors are also checking if you have secured proof of insurance (called a certificate of insurance) for any subcontractors you may have worked with during the policy period.  Without having these certificates of insurance, you could be liable for the premium based on the amount you paid them for services rendered. Not having certificates of insurance could cost you tens of thousands of dollars.

Get Prepared for Your Audit

Annually, workers compensation policies are audited to establish if you have paid your full premium and if you have secured proof of insurance (called a certificate of insurance) for any subcontractors you may have worked with during the policy period.  Without having these certificates of insurance, you could be liable for the premium based on the amount you paid them for services rendered. Not having certificates of insurance could cost you tens of thousands of dollars.

Going to Work for You

The Workers Compensation Audit package with Excel Consulting Solutions gets these documents prepared and ready for the auditor to minimize the out of pocket expense you may be levied as a result of the audit.

Key Benefits of the Service

When you hire Excel Consulting to help you prepare for your workers compensation audit, you can expect the following:

• Run vendor list of all subcontractors paid during your policy period
• Organize the certificates of insurance that you have collected
• Reach out to subcontractors and obtain Certificates of Insurance for both General Liability and Workers Compensation
• Obtain IC Forms (rejection of coverage) for eligible sole proprietors
• Prepare 940’s, P&L, and employee wage reports for auditor
• Meet with auditor and advocate for your company

How do you know this service is right for you?

If…

• You are a start up business and you want to learn how audit the process works.
• You have not been collecting certificates of insurance all year and you are running out of time.
• You have been through the audit process before and you were charged thousands of dollars.
• You have a busy office and your staff does not have the time to prepare for the audit.

Then YES it’s definitely made for you.

This can be an annual project that Excel Consulting Solutions provides for you, or during the process, we can look at ways to help your office create a system so you are easily ready for the audit next year. Ready to start? Then fill this form and let’s evaluate the process!