Introduction to Premium Audit
In today’s competitive marketplace, it is important to accurately account for all of your expenses. Insurance costs can be significant and quite often impact profitability. A.I.M. Mutual’s Premium Audit Services can help you to better project and account for your workers compensation costs.
A payroll audit is the determination and reporting of actual exposures through an examination of your operations, records and books of account. These exposures are then used in the pricing of your insurance. Audits are performed after the expiration or cancellation of a workers compensation policy, or at specified intervals.
Our professional Premium Auditors will assist you in evaluating key elements of your record-keeping. Often, by making adjustments to the recording of data, you can better determine proper exposures. We know that accurate records usually result in the lowest premium costs. We can also help build your insurance record-keeping requirements into your automated systems.