All workers' compensation policies are subject to audit by the carrier as per the terms of your policy. You may be required to participate in an end-of-policy term audit to confirm the accuracy of your premiums and coverage. If so, your carrier will contact you within 30-60 days of your policy expiration to arrange the audit. Rest assured that ADPIA is here to help you through the audit process. Prior to contacting us for assistance, please have the following documents handy:
Quarterly reports or 941s
Payroll journal/master payroll file
Federal tax records
State unemployment reports
Overtime pay by employee
Payments to subcontractors (if a subcontractor provides materials as part of a job, be sure the invoice specifies payment for work and materials separately)
Certificates of insurance for each 1099 and/or sub-contractor who maintains their own workers' compensation policy
CA clients with dual wage classifications: You may be required to provide timecards