Audit

P&C Services

A large premium adjustment due to an insurance policy audit can be an unwelcome surprise, especially if there is confusion around the accuracy of the figures.

As your advocate, it’s our job to fight for you.

We pay close attention to shortfalls in workers compensation audits, including worker classification, payrolls, experience modifier worksheets, credits and debits. We navigate you through the rating basis — the what, why and how. Between the wide variety of figures and formulas to manage, human error can happen, so we’re here to address those issues.

We help verify, challenge and analyze the insurer audits. And we will walk you through this process.

The bottom line is, all parties — insured, broker and carrier — all want accuracy around exposure and the associated rates and premiums.

FROM THE BLOG

Business Insurance Insights

OSHA Penalty Schedule

by Valent Group | Jan 18, 2023 | Business Insurance, Risk Management, Safety

The annual adjustment has been made to OSHA’s penalty schedule. Penalties do not usually start out at this level, but they can, depending on the circumstances. See the attached information and visit OSHA’s website for more detailed information. [button...

No Holidays for Hackers: Higher Revenue Losses for Non-weekday Cyber Events

by Valent Group | Dec 19, 2022 | Business Insurance, Cyber, Safety

Holiday and Weekend Ransomware Events Ransomware events that occur on holidays and weekends cause much higher revenue losses than cyber incidents occurring on weekdays—primarily due to lower staffing levels—according to a survey of over 1,200 cybersecurity...

Cybersecurity: Online Holiday Shopping

by Valent Group | Nov 28, 2022 | Business Insurance, Cyber, Personal Lines

Protect your family while shopping on the internet. During the holiday season, it's often easier to shop online to find gifts for your loved ones. But while online shopping can save you the trip to the store, it also comes with cybersecurity risks. Online shippers...