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

The Risky Business of Rodents and Rides

by Valent Group | Nov 6, 2020 | Auto Dealers, Business Insurance, Risk Management

When one of our auto dealers lost four vehicles due to damage from rodents and incurred an $80,000 claim against their dealer open lot insurance policy, it was further evidence that dealers are facing a growing problem: protecting their inventory against rodents pre-sale. Thankfully, our dealer was properly covered for the damage.

Get Ahead of the Cost Curve: Work Comp Offers Savings in a Hard Market

by Valent Group | Nov 3, 2020 | Business Insurance, Events, In the News

Originally published in Birmingham Business Journal Oct. 30, 2020. Author: Allen Baker, Sr. Vice President of Property & Casualty Companies are experiencing increasing (or “hardening”) rates on their property and casualty insurance programs — an average 19%...

Is Your Auto Dealer Management System Protected?

by Valent Group | Oct 28, 2020 | Auto Dealers, Risk Management

Whether it's managing inventory, sales, financing or parts, you are probably well aware of the important role your dealership management system plays in your day-to-day operations. However, it's important to think about what all of this localized data means from a...