Why Insurance Audits Surprise Business Owners скачать в хорошем качестве

Why Insurance Audits Surprise Business Owners

Nothing frustrates business owners more than getting an insurance bill after their policy already ended. In this video, I explain how General Liability and Workers Compensation policies are written based on estimated exposure, and how those estimates are “trued up” through an audit at the end of the policy period. I walk through real examples of how audits work, including: • An excavation contractor who performed concrete work that was rated differently • A home builder who did not collect Certificates of Insurance and had subcontractor payroll picked up during audit Insurance audits are not penalties. They are true-ups based on what actually happened during the year. Understanding how audits work can prevent surprise bills and unnecessary frustration. Clarity before claims.