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How do I prepare for a premium audit?

Your insurance premium should reflect the operations of your business. Continuous change in the workplace makes predicting performance difficult. Therefore, your premium is estimated prior to your policy term. A Premium Audit is conducted after the term expires to determine your actual business activity. The most time consuming portion of the audit is determining job duties and time worked for each person. If these records are well organized, your audit time is greatly reduced.

 

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