What is an Insurance Premium Audit?
You have just received notice that you are getting an insurance premium audit on your business insurance coverage. Most commonly, these audits happen for Liability coverage or Worker Comp, this process can be very smooth IF you know how to prepare. Here are a few documents you should collect for your audit:
Payroll journals/ registers
Employers Quarterly Federal Tax Return Form 941 or 943 reports
State Employer’s Quarterly Unemployment Insurance Tax Reports
Federal 1099, W2, and W3 transmittals
Overtime wages summarized by classification
List of clerical employees and duties
Contractor/ subcontractor records
If we can be of any assistance, dont hesitate to reach out.
Eastman Insurance Solutions
http://EISCalifornia.com * 707-402-8887
490 Merchant St, Suite 202 Vacaville CA 95688