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

NOAA Predicts Above-average 2022 Atlantic Hurricane Season

by Valent Group | May 27, 2022 | Business Insurance, Condo Associations, Real Estate, Risk Management

For the seventh consecutive year, forecasters at the National Oceanic and Atmospheric Administration's (NOAA) Climate Prediction Center are predicting an above-average Atlantic hurricane season—which extends from June 1 to Nov. 30. According to forecasters, there is a...

PCORI Fee Due August 1

by Valent Group | May 26, 2022 | Business Insurance, Compliance Check, Employee Benefits, Human Resources, Safety

The Affordable Care Act (ACA) requires health insurance issuers and self-insured plan sponsors to pay Patient-Centered Outcomes Research Institute fees (PCORI fees). The fees are reported and paid annually using IRS Form 720 (Quarterly Federal Excise Tax Return). The...

Bicycle Safety: Stay Safe as You Pedal

by Valent Group | May 17, 2022 | Business Insurance, Risk Management, Safety

A helmet is the most important piece of equipment you can use when riding a bike. In fact, it’s so important that the Consumer Product Safety Commission (CPSC), a division of the federal government, devised safety standards for helmets. As such, be sure that your...