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Workers’ compensation or workers’ comp is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee’s right to sue his or her employer for the tort of negligence. Your insurance company will request an audit to assure you carry proper coverage.
Worker’s Compensation Audit
When an individual or company obtains a worker’s compensation policy, an Estimated Exposure Rate is used to calculate the amount for the policy period. The exposure is also known as the payroll for any employees used to perform labor during that period. We have great relationships with many of the local premium auditors. Their job is to review and scrutinize a company’s expenses. When you use a professional accountant, auditors are able to rely on the highly organized records provided to them, including:
How We Can Help
King of Kings Firm will keep your records in order to alleviate the stress of being prepared when you’re facing an audit. Our accountants will provide organized, accurate records to the auditor and act as your liaison allowing you to continue working uninterrupted.
Consultations are free.
Let us provide expert tax and accounting services so you can concentrate on your business… and spend more time with your family. Fill out the form here or call the number below.
