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

Before Submitting Your 2022 Injury Illness Data

by Valent Group | Oct 27, 2022 | Business Insurance, Risk Management, Safety

If your organization is required by OSHA to submit injury and illness data each calendar year, the process has been changed. The Injury Tracking Application (ITA) has been updated. All account holders, companies required to report, must connect their ITA account to a...

Communicating with Homeowners

by Valent Group | Oct 25, 2022 | Business Insurance, Condo Associations

In a condo or homeowners association (HOA) community, relationship building between the HOA board and members is important. Since homeowners have a high personal stake in their investments, it is important to communicate problems, issues and board decisions that...

How Inflation Impacts Workers’ Compensation Insurance

by Valent Group | Oct 6, 2022 | Business Insurance, Risk Management, Safety

Inflation is a growing concern for individuals and industries across the country. The commercial insurance market is no exception to these concerns. Similar to other goods and services, inflation can also elevate the cost of insurance. Looking at workers’ compensation...