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How to Prepare for your Audit

6/8/2016

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Being prepared for your Workers Compensation Audit is not something to think about right before your Audit is scheduled, but something to plan for in advance. The information below is generally requested at the time of your physical Workers Compensation Audit. Having these records well organized throughout the year reducing the hassle of preparing for the Audit and simplifies the process.
Payroll Records:
  • Payroll Journal and Summary
  • Your Check Book, if the only way you keep records
  • Federal Tax Reports (941’s that cover the policy period)
  • State Unemployment Reports and Individual Earnings Records
  • All Overtime Payments Shown Individually
Employee Records:
  • Detailed explanation of each employees job duties
  • Number of Employees
  • Hours, Days, or Weeks Worked Annually
Cash Disbursements:
  • Payments to Subcontractors 
  • Cost for Materials
  • Casual Labor
Certificates of Insurance
  • For All Subcontractors
  • For All Independent Contractors
A description of your business operations
  • What services or products you provide
  • What clientele you target
  • The proximity of you work
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Chief Insurance Solutions LLC was founded to reduce the cost and hassle of workers' compensation insurance for employers of all kinds and sizes. With our in-depth knowledge and vast experience, we make securing the best workers’ compensation insurance coverage solutions on the market as affordable and hassle-free as possible. 

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  • HOME
  • WORKERS COMP INSURANCE
    • WORKERS COMP BY STATE
    • APPLY FOR QUOTES ONLINE
  • OUR SERVICES
    • Safety Footwear Discount
    • EMPLOYEE RISK PROTECTION PROGRAM
    • WORKPLACE SAFETY
    • MEDCIERGE
    • CHIEF QUARTERLY MAGAZINE
    • BLOG
  • WHOS WE INSURE
    • High-Risk
    • Contractors
    • Health Care
    • Hospitality
    • Restaurants
    • Personal Care
    • Staffing
    • Financial
  • CONTACT