You request a quote for a workers comp policy. The price is based on your company's estimated payroll.
It's an educated guess how much you'll pay your employees this year.
You sign the paperwork and get your certificate of insurance.
You pay your bill either monthly or on a similar recurring basis, depending on how your policy is structured.
Remember, unless you're using pay as you go, you are paying based on an estimate.
Time to balance the books.
Since the policy was based on estimated numbers, it's time to double check and settle the difference.
If your payroll was higher than you originally estimated, you'll be billed for the additional bit that wasn't covered.
If your payroll was less than you originally estimated, you'll get a refund check from us for the amount that was overpaid. YAY!
We work with a team of Auditors who will contact you to set up your company's audit. They will call, email or send information by mail.
They will need the following documents: