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

Drugs in Workplace – How Use of Opioids Affects Workers’ Compensation

by Valent Group | Jul 13, 2018 | Business Insurance, Risk Management, Wellness

Prescription opioids are the number one workers’ compensation problem in terms of controlling the ultimate cost of indemnity losses. This comes from a recent Lockton Companies report that also states that there’s never been a more damaging impact on workers’...

What Can Employers Do to Help Fight Opioid Abuse?

by Valent Group | Jun 13, 2018 | Business Insurance, Risk Management

Sometimes, workplace injuries require serious medical interventions, including the use of powerful prescription medications. Opioids, a class of prescription medications that are all derived from the same plant as heroin, are a particularly powerful—and particularly...

Supreme Court Ruling Allows Employers to Bar Class-Action Lawsuits

by Valent Group | Jun 4, 2018 | Employee Benefits, Risk Management

On May 21, 2018, the U.S. Supreme Court ruled that employers can use arbitration clauses in employment contracts to bar employees from filing class-action lawsuits related to wage and overtime claims. In a 5-4 split decision, the court determined that employment...