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

Compliance with OSHA’s Hand and Powered Portable Tool Standard

by Valent Group | Jun 2, 2023 | Business Insurance, Construction, Manufacturing, Risk Management, Safety

Most workplaces utilize some form of hand and portable powered tools. OSHA covers these tools for general industry in 29 CFR 1910 Subpart P and for construction in 29 CFR 1926 Subpart I. Here are a few important general notes: All tools, whether supplied by the...

Hardening Property Market Prompts Difficult Conversations, Lengthy Renewals

by Valent Group | Jun 1, 2023 | Business Insurance, Condo Associations, Risk Management

Hardening property insurance market conditions mean brokers must start conversations early, endure longer renewal processes, and skillfully deliver potentially bad news to clients, according to Risk Placement Services’ 2023 U.S. Property Market Outlook. Property...

Mobile Elevating Work Platforms (MEWP)

by Valent Group | Apr 11, 2023 | Business Insurance, Construction, Manufacturing, Risk Management, Safety

Mobile Elevating Work Platforms (MEWP) are used extensively. Are you meeting safety requirements? Are employees well-trained? Untrained workers cannot be expected to make safe decisions if they do not know the risks. Do you have a rescue plan when using a MEWP?...