Prepare for your workers' comp audit with a step-by-step checklist: records, class codes, subcontractor COIs, officer exclusions, and audit pitfalls.
Risk Management | 9 min read | 2026-04-22
Every workers' comp policy ends with an audit. Handled well, it trues up your premium to actual payroll. Handled badly, it adds thousands to your bill — and sometimes gets it wrong. Here's how to prepare.
Workers' compensation is one of the few commercial insurance lines priced on estimated exposure at the start of the policy, then reconciled at the end. At inception, your agent estimates your 12-month payroll by classification code; the carrier charges a premium based on that estimate. At the end of the policy term, the carrier audits your actual payroll and class assignments and issues either…
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