Insurance Premium Audit 101

In this video, James talks about the insurance premium audit: what it is, why it's necessary and best practices you should deploy in your business to actively avoid getting screwed in a future audit.

Chapters:

00:00 - Intro
01:04 - What is an insurance premium audit
02:34 - Why is the premium audit necessary and important
03:29 - How to not get screwed in an audit
04:48 - Classify your sales and labor correctly
06:15 - Manage third party relationships
07:44 - Regularly engage with your agent
08:33 - Sales and Audit tracking tool

Life Is Risky. RiskWell.

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[RiskWell]

Have you ever gone through an insurance premium audit? How did it go?

[rodgera.kaufman]

Very well done, thank you for the information.

[montano]

Is the premium audit only for workers comp or for other insurance too??