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

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by Valent Group | Jul 20, 2023 | Business Insurance, Condo Associations, Safety

Wildfires are a deadly and destructive threat to people and property. According to the National Interagency Coordination Center, 6 of the top 10 largest wildfire seasons have occurred in the last decade. As wildfires become more powerful, businesses must be proactive....

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Direct premiums written for the U.S. cyber insurance market rose 50% to $7.2 billion in 2022 as the “first hard market” set the industry back on a path to profitability, according to a new report from AM Best. The ratings agency reported this week that growth in the...

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by Valent Group | Jun 27, 2023 | Business Insurance, Condo Associations, Risk Management

Hurricanes are one of the most devastating and costly natural disasters. Common sense and preparedness can make all the difference when it comes to staying safe after a storm. Once the hurricane has passed, the following tips can help with your recovery efforts....