Workers Compensation Insurance Audit | The Business Owner's Guide

The Workers Compensation Insurance Audit can seem daunting for most business owners. In this video, we look at what it is, why it is important, and share some tips and tricks to help you complete your audit.

🕰VIDEO TIMESTAMP🕰
0:00 Intro
1:12 What Is A Workers Compensation Insurance Audit?
2:19 Why Is The Workers Comp Audit Important?
3:15 How Does Pay As You Go Workers Compensation Insurance Work?
4:09 Why Should You Complete Your Workers Comp Audit?
4:44 Is There A Penalty If You Don't Complete Your Workers Comp Audit?
5:19 Tips & Tricks For Completing Your Workers Comp Audit
5:26 What Documents & Records Do You Need To Have For Your Workers Comp Audit
7:00 Make Sure Your Financial Records Match Your Policy Period
8:17 Collect Certificates Of Insurance For Any Sub-Contractors You Use
9:07 Classify The Payroll For The Different Types Of Work Your Employees Perform

✅Recommended Playlist - Insurance 101 ⏬⏬⏬⏬

#workerscompensationinsurance #workerscompaudit #ALLCHOICEInsurance
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☑️Camera: Canon EOS M50 Mirrorless

☑️Camera Lens: Canon EF-M 22mm f2 STM Compact System Lens

☑️Editing Software: Adobe Premier Pro

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[joereiche]

What if you are a sole proprieter on a constant salary ?

[heretoservellc]

Great video. Glad I found you. I am an owner/operator with no employees and no subcontractors. I do everything myself and don't have hired help of any kind. I carry workmans comp on myself. Well, I received notice of an in person audit coming up. Since I have no subcontractors ore employees, what would they be looking for in an owner/operator situation and how can I prepare? Any thoughts would be appreciated.

[yolandarodriguez]

if my business is closed do I have to continue paying for the final audit balance

[richardkeenan]

bro you need to adjust the sound effects volume level in relation to your voice. That intro scared the hell outa. Had volume up full blast cause your voice is too quiet.