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

Cyber Risks and Liabilities News to Prepare for the New Year

by Valent Group | Dec 28, 2017 | Business Insurance, Cyber, Risk Management

In This Issue Troubling Lack of Cyber Concern by CFOs These days, CFOs need to think about the costs of cyber security as well as the costs associated with not having enough of it. Trump Administration Releases Rules on Disclosing Cyber Flaws New rules...

Compliance Deadline for Mandatory ELDs Approaching

by Valent Group | Dec 11, 2017 | Risk Management

Final Rule on Mandatory Electronic Logging Devices Overview On Dec. 16, 2015, the Federal Motor Carrier Safety Administration (FMCSA) published a final rule for electronic logging devices (ELDs) for commercial motor vehicles (CMVs). The final rule prohibits...

What You Need to Know About Terrorism Insurance

by Valent Group | Nov 13, 2017 | Business Insurance, Cyber, Risk Management

Terrorist organizations continue to make headlines around the world. An attack on U.S. soil has the potential to cause catastrophic damage. Even a small-scale incident can cause tens of millions of dollars’ worth of damage across a large area. As a result, you should...