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

Secure Parking Facilities

by Valent Group | Jul 27, 2021 | Business Insurance, Real Estate, Risk Management

Whether an organization owns a parking structure or provides parking facilities to employees through a third party, there are a number of associated risks that must be addressed. In addition to slip and fall hazards, those utilizing a parking structure could be...

Know Your Limits: A Monthly Wrap-up of Mid-market Business Losses

by Valent Group | Jul 19, 2021 | Business Insurance

Woman Awarded $43.5 Million in Civil Trial Following Rear-end Collision Liability Chicago-area trucking firm Viper Transpiration was hit with a nuclear verdict of $43.5 million after one of its drivers rear-ended a woman. The collision, which occurred while the woman...

OSHA Updates Its Interim Enforcement Response Plan for COVID-19

by Valent Group | Jul 9, 2021 | Business Insurance, Risk Management, Safety

Quick Summary: On July 7, 2021, OSHA issued a trade release revising its National Emphasis Program with updates for interim enforcement on COVID-19. This updated plan replaces the memorandum dated March 12, 2021 and affects OSHA inspections in non-healthcare...